Warren Buffett is running for his money – ARK Invest’s Cathie Wood becomes the stock picker to watch and she’s making big bets on a number of stocks Buffett doesn’t own and can’t keep up with – even in the financial sector
Three stocks that are in the top 10 positions in the ARK Invest family of ETFs, including Silvergate Capital (SI), Pacific Biosciences of California (PACB), and communications services company Sea (SE), have returns of Warren Buffett’s at least triples best US.According to a Business Daily analysis by an investor in S&P Global Market Intelligence and MarketSmith, which has been listed on the stock exchange for the past 12 months
Wood, increasingly referred to as “Queen Cathie” by traders on Reddit, transforms into the new Oracle exchange. More than 30 of the 45 top 10 positions in ARK Invest’s five active ETFs in the past 12 months outperformed the top US- Listed Winner in Buffett’s Berkshire Hathaway Portfolio: Hardware Store RH (RH) RH is up 1168% in 12 months
Wood to become a household name with investors This year, hundreds of millions of dollars poured into their five-member ETF family, according to the ETF, ARK currently has approximately $ 60 billion in net worth com
And stocks Wood buys for ETFs, including flagship ARK Innovation (ARKK), routinely hit the news, meanwhile the ETF is up 145% in the past 12 months, Buffett’s Berkshire Hathaway stocks are down 4.3 %
It’s also an outstanding 12 month period to compare performance, as both money managers saw a 2020 peak, brutal pandemic shock bear, and strong rebound over the past year
“I know a lot of people are intrigued by Cathie Woods ARK Innovation ETF, which I estimate will grow about 250% in a year by the end of the quarter,” said Dan Wiener, editor of The Independent Adviser For Vanguard Investors “”
Two of ARK Invest’s three holdings are at the top of Buffett’s Top U.S.Listed stocks are included in the ARK Fintech Innovation ETF (ARKF) While Wood is known for its long-running uptrend at Tesla (TSLA), Silvergate Capital, a financial firm, has been the top performing stock over the past 12 months, rising more than 880% in the past 12 months
And Silvergate, a bank holding company in La Jolla, Calif., has a 43% stake in ARK’s financial ETF It’s the fourth largest stake in the ETF The ARK Fintech Innovation ETF’s value is up more than 125% in 12 months
Buffett’s top performing financial stock is credit card company Synchrony (SYF) But it’s only been 171% in the past 12 months, now Buffett’s largest financial position, a $ 34 billion stake in Bank of America (BAC), is only up 2.3% in 12 months that’s actually underperforming the S&P 500 166% increase in this time
And that’s not even Sea, that’s the No. 7 stake in ARK Fintech Innovation ETF at 35% of the portfolio The company operates digital financial services and e-commerce in Asia and Latin America and it also puts all of Buffett’s financial games to shame on The Sea Shares have increased by almost 400% in one year
Buffett loads up some healthcare names in late 2020 he expanded his positions in healthcare notably, Berkshire increased its stake in Merck (MRK) by 28% and AbbVie (ABBV) by 20% But they are hardly standout Merck is down 92% in 12 months while AbbVie is up 14% Should you buy AbbVie stock now?
In the meantime, check out Pacific Biosciences of California Molecular sequencing device maker shares are up more than 800% in 12 months Wood faces huge profits going forward that analysts are not yet able to see Wall Street analysts go predict the company will lose 96 cents per share in 2021, even more than the 62 cents per share it lost in 2020
The S&P 500 is shifting and cyclical stocks are rising, which could play into Buffett’s hand at Buffett’s # 1 US.Listed stocks that trade for a full year are household goods retailers
Traditional bank stocks are also heating up, bringing in value stocks with financials making up a quarter of Buffett’s public inventory portfolio, and consumer staples making up 5%
Meanwhile, some of the favorite stocks are cooling off, like Tesla, and Tesla is in the top 10 of ARK Invest’s three ETFs. Tesla fell 3968, or 51%, to 74162 on Monday, Tesla alone accounts for nearly 9% of ARK innovation By contrast, Buffett’s # 1 financial stake, Bank of America, rose 64 cents, or 19%, to 3516 on Monday. Should You Buy Tesla Stock Now?
But Buffett is also heavily exposed to hot tech stocks. He brightened Apple (AAPL) stock last year, but it’s still the No. 1 stake in his portfolio by far, with technology now accounting for up to 46% of his portfolio , including gains on Snowflake (SNOW) stocks that haven’t traded for a full year
And it’s always a bad idea to rule out Buffett who knows how to survive decades of market cycles, which ARK Invest has yet to prove
Hyliion reports after the close of trading, marking the second time that the electric drive manufacturer has published results since it went public last fall
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World News – CA – Cathie Wood Schools of ARK Warren Buffett with 3 top stocks