ARK Invest Exits Roku and Robinhood: Here’s What Cathie Wood Is Buying Instead
TLDR
- ARK Invest divested $26.65M worth of Robinhood stock following the company’s workforce reduction announcement that drove share prices higher
- Approximately $77M in Roku holdings were liquidated across ARK’s funds after Fox’s $22B buyout deal was announced at $160/share
- ARK purchased $46.18M in Eli Lilly stock during a price dip,
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Read MoreWhich Financial Stocks Actually Benefit When Interest Rates Stay High?
It’s beginning to look very likely that the Federal Reserve will have to hike its target interest rate sooner rather than later.
The Fed’s preferred measure of inflation — the Personal Consumption Expenditures Price Index — was published last week by the Bureau of Economic Analysis, and it wasn’t pretty.
According to the index,
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Read MoreStock market today: Dow, S&P 500, Nasdaq futures pull back after AI rally regains its mojo
AVAV, KTOS Stocks Gain Overnight: Wedbush Calls AeroVironment, Kratos Long-Term Winners In Defense Tech
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Wedbush initiated coverage of both AeroVironment and Kratos with an Outperform rating.
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The firm said AeroVironment’s expansion across air, land, sea, space and cyber gives it a lasting competitive edge.
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Wedbush said Kratos is an overlooked supplier of critical defense software and components.
Cboe Global Markets Reports Trading Volume for June 2026
Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today reported June trading volume statistics across its global business lines …
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Read MoreThe Burst
1 Red Hot Latin Growth Stock
About ten years ago, MercadoLibre was a holding in Al Gore’s Generation Investment Management firm. At the time, the Latin e-commerce firm had barely made a dent on the radars of top money managers and traded around $117 per share. Now sitting close to $1,795 per share, the holding has proven to be a massive winner for the asset management firm,
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Read MoreThe Ivy
1 High-Yield Dividend Stock to Buy and Hold
Forget the Magnificent 7 for a moment, and consider the merits of owning a boring old real estate company that has grown revenues predictably at a rapid rate for the past 3 years.
Rexford Industrial Realty owns one of the most concentrated portfolios of industrial real estate in Southern California, an area where vacancy rates for industrial properties have hovered near 1% over the last decade.
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Read MoreThe Spotlight
Is This Crypto Bank Massively Undervalued?
The concept of currency dates back to the dawn of civilization. Over the centuries, everything from salt to dolphin teeth has been assigned value for the purpose of buying and selling goods and services. Gold and silver might hold the record for most-widely-accepted currency, but metals were eventually deemed impractical for everyday use.
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