Cathie Wood's Shocking Purchase of an Old-School Stock

TheStreet2022-11-15

Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, focuses on young technology companies that she views as disruptors.But on Friday, she purchased shares of a company ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

gnossor
2022-11-15
gnossor
Ok
- chongyeetan:
  👍
Deonc
2022-11-15
Deonc
Ok
Funboy
2022-11-15
Funboy
Playing throw and catch. Lol.
Bull1973
2022-11-15
Bull1973
Ok
n86887
2022-11-15
n86887
Cool
Donald TH
2022-11-15
Donald TH
Playing against Mr. WB.

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2283280233?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-11-15 11:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2283280233","market":"us","top_or_hot":-1,"title":"Cathie Wood's Shocking Purchase of an Old-School Stock","media":"TheStreet","content":"<div>\n<p>Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, focuses on young technology companies that she views as disruptors.But on Friday, she purchased shares of a company ...</p>\n\n<a href=\"https://www.thestreet.com/investing/cathie-wood-shocking-purchase-stock\">Source Link</a>\n\n</div>\n","source":"thestreet_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Shocking Purchase of an Old-School Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Shocking Purchase of an Old-School Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-15 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/cathie-wood-shocking-purchase-stock><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, focuses on young technology companies that she views as disruptors.But on Friday, she purchased shares of a company ...</p>\n\n<a href=\"https://www.thestreet.com/investing/cathie-wood-shocking-purchase-stock\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARKQ","symbol_name":"ARK Autonomous Technology & Robotics ETF","start_time":0,"source_url":"https://www.thestreet.com/investing/cathie-wood-shocking-purchase-stock","article_id":"2283280233","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2283280233","pubTimestamp":1668483052,"columns":[],"sourceInfo":{"source_id":"thestreet_highlight","name":"TheStreet"},"weMediaInfo":null,"summary":"Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, focuses on young ","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKK":"ARK Innovation ETF","GM":"通用汽车"},"translate_title":"凯西·伍德令人震惊地购买了一只老派股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKK":0.9,"ARKQ":0.9,"GM":0.9},"content_text":"Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, focuses on young technology companies that she views as disruptors.But on Friday, she purchased shares of a company that’s surely not young, and one that few would view as a disruptive technology company. To be sure, it’s also a company that has performed well in recent years under a highly-regarded chief executive.The company is General Motors, and the CEO is Mary Barra.Ark Autonomous Technology & Robotics ETF bought 70,226 shares, which were worth $2.9 million as of Friday’s close.So why did Wood go for GM? She doesn’t announce her reasons for individual trades. Perhaps she sees its electric-vehicle (EV) segment as a disrupter.GM’s Electric Vehicle EffortOn its website, the company says it’s “on its way to an all-electric future.” Specifically, “we are aggressively going after every aspect of what it takes to put everyone in an EV,” GM said.That’s “because we need millions of EVs on the road to make a meaningful impact toward building a zero-emissions future,” the company said.“GM is positioned to design, engineer, and produce EVs for every style and price point, and we are rapidly building a competitive advantage in batteries, software, vehicle integration, manufacturing and customer experience.” GM has a goal to sell only zero-emission vehicles by 2035.GM’s EV competitor Tesla, which dominates the market, represents the second biggest holding in Wood’s flagship Ark Innovation ETF  (ARKK).Some investors might view GM as a value play. The stock recently traded at $40.80, and Morningstar analyst David Whiston puts fair value at $70.But Wood is a growth investor, not a value investor. So, it’s more likely she snapped up GM shares based on its potential in the EV area and perhaps based on its strong execution overall.Wood’s UnderperformanceArk’s ETFs have tumbled this year, as their tech holdings suffered from weak earnings. Wood has defended herself by noting that she has a five-year investment horizon.And the five-year track record of Ark Innovation ETF could indeed give investors comfort up to May 9. The fund’s five-year return beat that of the S&P 500 until then.But the five-year annualized return of Ark Innovation totaled only 4.68% through Nov. 11, far behind the S&P 500’s 11.06% return.The fund’s performance also falls well below Wood’s goal for annualized returns of 15% over five-year periods. Ark Innovation has dropped 58% so far this year, and it’s down 75% from its February 2021 peak.The $8.2 billion fund’s underperformance may finally be starting to push investors away. Ark Innovation suffered a net outflow of $121 million in the three months through Nov. 10, according to VettaFi, an ETF research firm. But it has still registered an inflow of $1.39 billion year to date.You might wonder why so many investors have stuck with Wood, despite her mediocre returns. The fact that she had one spectacular year certainly helps. Ark Innovation ETF skyrocketed 153% in 2020.Also, Wood has become something of a rock star in the investment world, appearing frequently in the media. She is clearly intelligent and articulate, explaining financial concepts in ways that novice investors can understand.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9969418786,"gmtCreate":1668490974945,"gmtModify":1676538065439,"author":{"id":"3581829466917553","authorId":"3581829466917553","name":"gnossor","avatar":"https://static.tigerbbs.com/58cbbf28767969cf10df0259f35f5461","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"3581829466917553","authorIdStr":"3581829466917553"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9969418786","repostId":2283280233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104811635,"gmtCreate":1668493718039,"gmtModify":1668493735415,"authorId":3573519539005968,"author":{"id":3573519539005968,"idStr":"3573519539005968","authorId":3573519539005968,"name":"chongyeetan","avatar":"https://static.tigerbbs.com/58f6eb6730af7768ad82093944f2351a","vip":1,"currentWearingBadge":{"badgeId":"cbe1c45c584340f3bd9ae6c77e0e9981-1","templateUuid":"cbe1c45c584340f3bd9ae6c77e0e9981","name":"Academy Experiencer","description":"5 lessons learned","bigImgUrl":"https://community-static.tradeup.com/news/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://community-static.tradeup.com/news/c2660a1935bd2105e97c9915619936c3","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.23","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2006},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9969418786,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"},{"id":9969431412,"gmtCreate":1668487992037,"gmtModify":1676538064983,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3569316529855154","authorIdStr":"3569316529855154"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969431412","repostId":2283280233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9969496519,"gmtCreate":1668486270932,"gmtModify":1676538064752,"author":{"id":"4126361621716122","authorId":"4126361621716122","name":"Funboy","avatar":"https://community-static.tradeup.com/news/751b0ae501d221e3669b2e546565a1a3","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4126361621716122","authorIdStr":"4126361621716122"},"htmlText":"Playing throw and catch. Lol.","listText":"Playing throw and catch. Lol.","text":"Playing throw and catch. Lol.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969496519","repostId":2283280233,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9969499702,"gmtCreate":1668485805407,"gmtModify":1676538064631,"author":{"id":"3584680402793671","authorId":"3584680402793671","name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584680402793671","authorIdStr":"3584680402793671"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969499702","repostId":2283280233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9969407964,"gmtCreate":1668485044659,"gmtModify":1676538064481,"author":{"id":"4110119270548472","authorId":"4110119270548472","name":"n86887","avatar":"https://community-static.tradeup.com/news/c510165e512da25b8a7521d146874ef1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4110119270548472","authorIdStr":"4110119270548472"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969407964","repostId":2283280233,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9969404073,"gmtCreate":1668484672493,"gmtModify":1676538064432,"author":{"id":"4100233072020540","authorId":"4100233072020540","name":"Donald TH","avatar":"https://static.tigerbbs.com/7bf62494f626cbc350515aa9d36ccc07","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"4100233072020540","authorIdStr":"4100233072020540"},"htmlText":"Playing against Mr.&nbsp;WB.&nbsp;","listText":"Playing against Mr.&nbsp;WB.&nbsp;","text":"Playing against Mr. WB.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969404073","repostId":2283280233,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":68,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2283280233"}