ARKK: Why Cathie Wood Won’t Buy Apple Stock

Cathie Wood’s ARK Innovation ETF (ARKK) – Get ARK Innovation ETF Report has been in the gutter. Her team’s bet on disruptive innovation worked so well in 2020, but the fund now sits a whopping 75% below the all-time highs reached early last year (see chart below).

The sizable losses can be blamed on unsuccessful (so far, at least) investments in stocks like Roku (DEADLINE) – Get Roku, Inc. Class A Report and Zoom (ZM) – Get Zoom Video Communications, Inc. Class A Report. These pandemic darlings have been down more than 70% in the past 12 months alone.

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Naveen Kumar

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