Cathie Wood’s latest trades 🚗
Tuesday, 29th March 2022 by Gotrade
Hey Gotraders,
Let’s take a look at what Cathie Wood has been up to lately. It’s been quite a while since we looked at her trades.
Bought:
Coinbase (COIN) - 162.291k shares under ARKK on 25th March, and 62.877k shares under ARKK on 28th March
ROKU (ROKU) - 152.908k shares under ARKK on 25th March
SEA (SE) - 150.631k shares under ARKK, and 21.075k shares under ARKW on 25th March
Zoom (ZM) - 157.228k shares under ARKK and 20.812k shares under ARKW on 25th March
Roblox (RBLX) - 496.640k shares under ARKK, and 99.593k shares under ARKW on 25th March
Sold:
Tesla (TSLA) - 11.691k shares from ARKW, 117.857k shares from ARKK, and 16.429k shares from ARKQ on 25th March
Why is this important? Cathie Wood is the Founder of Ark Invest. She is a key person in the investing world that you should be familar with. She believes in innovative and disruptive technologies, and often makes headline news. Ark Invest has several ETFs that are listed on Gotrade.
📈 Oil prices fall over 7% ⏬
Oil prices are dropping. So much! Prices of West Texas Intermediate futures (WTI), which is the U.S. benchmark for crude oil have fallen below $100 at the time of writing. Prices were hitting $130 just a few weeks ago. Ouch! The recent slump in oil prices is due to China’s lockdown of Shanghai, which has led to some concerns about demand. In case you didn’t know, China is the world’s largest oil importer.
"China is the big fear factor right now… To have this market firing on all cylinders, you need China. China is the biggest cylinder" - Michael Tran, Managing Director of Global Energy Strategy at RBC Capital Markets.
📈 Barclays’ shareholders are selling off billions of dollars worth of shares 💸
Uh oh… Shares of Barclays (BCS) are down over 10% yesterday. Why? Top investors have been offloading Barclays shares apparently.
One of its top investors instructed Goldman Sachs (GS) to sell 575 million shares on Monday evening, which was equivalent to a 3.6% stake
Another one of its top investors offloaded a $1.2 billion chunk of stock overnight
Why are investors dumping Barclays stock? Well, who knows.. One possible reason could be its recent boo-boo. Barclays disclosed that they made a compliance error that led to an estimated $590 million loss for the company. Man.. that’s one expensive error!
Shares of Barclays closed at $8.09 per share, down 10.61% for the day. Shares recovered slightly, and are up about 3% in extended trading at the time of writing.
Top movers & shakers 🎢
What else is making headline news 📰
Stock split may further fuel Tesla (TSLA) stock bubble - Strategist.
Reid Hoffman’s new start-up poaches first staff from Google (GOOG) and Meta (FB).
General Motors (GM) keeps up Shanghai output with workers sleeping on factory floor.
Credit Suisse (CS) faces US probe after telling investors to 'destroy documents' linked to oligarch yacht loans.
FedEx (FDX) names Raj Subramaniam as CEO, replacing founder Fred Smith.
SEC charges Twilio (TWLO) engineers with insider trading during early days of pandemic.
Bill Gates and Blackrock (BLK) are backing the start-up behind hydropanels that make water out of thin air.
Domino’s Pizza (DPZ) China operator files for Hong Kong listing.
Apple (AAPL) said to be cutting iPhone SE production 20% over Ukraine, inflation concerns.
After six months of invite-only sales, Amazon (AMZN) Glow is now available to all in the U.S.
Popular companies releasing earnings this week 💰
Tuesday: Micron Technology (MU), Lululemon (LULU), McCormick (MKC), Chewy (CHWY), China Southern (ZNH), PVH (PVH), EHang (EH)
Wednesday: Paychex (PAYX), Exelon (EXC), BioNTech (BNTX), UiPath (PATH), Five Below (FIVE), Braze (BRZE), Expensify (EXFY), Newegg (NEGG)
Thursday: Walgreens Boots Alliance (WBA), Blackberry (BB), Nano Dimension (NNDM)
A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.
The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.
That’s all from us for now.
Signing out,
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The legal stuff 🤓
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