ARK Next Generation Internet ETF (ARCA: ARKW)

ARK Next Generation Internet ETF (ARCA:ARKW), Trade Ideas

ARK Web x.0 ETF

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Cathie Wood&#39;s Ark Invest Remains Bullish Despite Tesla&#39;s Q1 Earnings Slip, Revenue Drop — Buys $4.3M in EV Maker Stock

Photo courtesy of Ark Invest.

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In early 2021, Cathie Wood&#39;s ARK Invest managed $59B across 6 funds, becoming the world&#39;s largest active ETF manager. However, by April 2024, heavy outflows and underperforming holdings have caused assets under management to plummet to $11.1B.

Cathie Wood&#39;s Ark Empire Bleeds As Investor Outflows Spike: &#39;The Loyal Shareholders Have Become Frustrated&#39;

Cathie Wood

Cathie Wood&#39;s Ark Invest Seizes Tesla Dip, Acquires Over $17M in Shares Ahead Of Q1 Results — Zoom Stock Dumped

ARK Next Generation Internet ETF

<p>Anywhere Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOUS#NYSE">HOUS</a>) reported quarterly losses of $(0.91) per share which missed the analyst consensus estimate of $(0.68) by 33.82 percent.  The company reported quarterly sales of $1.126 billion which missed the analyst consensus estimate of $1.152 billion by 2.25 percent.  This is a 0.44 percent decrease over sales of $1.131 billion the same period last year.</p>


Earnings

Earnings Misses

HOUS

Anywhere Real Estate Q1 2024 GAAP EPS $(0.91) Misses $(0.68) Estimate, Sales $1.126B Miss $1.152B Estimate

Guidance

EMCOR Group Increases 2024 Revenue Guidance Range From $13.5B-$14B To $14B-$14.5B (Est $13.705B), EPS Guidance Range From $14.00-$15.00 To $15.50-$16.50 (Est $14.48)

<p>Susquehanna  analyst Bascome Majors   maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Positive and raises the price target from $160 to $190.</p>


Price Target

Analyst Ratings

Susquehanna Maintains Positive on Westinghouse Air Brake, Raises Price Target to $190

<p>Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) reported quarterly earnings of $2.23 per share which beat the analyst consensus estimate of $2.17 by 2.76 percent. This is a 4.69 percent increase over earnings of $2.13 per share from the same period last year.  The company reported quarterly sales of $981.197 million which missed the analyst consensus estimate of $1.039 billion by 5.59 percent.  This is a 5.56 percent decrease over sales of $1.039 billion the same period last year.</p>


Earnings Beats

LECO

Lincoln Electric Holdings Q1 2024 Adj EPS $2.23 Beats $2.17 Estimate, Sales $981.197M Miss $1.039B Estimate

<p>Shyft Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>) reported quarterly losses of $(0.04) per share which beat the analyst consensus estimate of $(0.17) by 76.47 percent. This is a 133.33 percent decrease over earnings of $0.12 per share from the same period last year.  The company reported quarterly sales of $197.889 million which beat the analyst consensus estimate of $184.275 million by 7.39 percent.  This is a 18.71 percent decrease over sales of $243.439 million the same period last year.</p>


SHYF

Shyft Group Q1 2024 Adj EPS $(0.04) Beats $(0.17) Estimate, Sales $197.889M Beat $184.275M Estimate

<p>FTI Consulting (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCN#NYSE">FCN</a>) reported quarterly earnings of $2.23 per share which beat the analyst consensus estimate of $1.87 by 19.25 percent. This is a 66.42 percent increase over earnings of $1.34 per share from the same period last year.  The company reported quarterly sales of $928.55 million which beat the analyst consensus estimate of $901.93 million by 2.95 percent.  This is a 15.10 percent increase over sales of $806.71 million the same period last year.</p>


FTI Consulting Q1 EPS $2.23 Beats $1.87 Estimate, Sales $928.55M Beat $901.93M Estimate

<p>Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.10 by 50 percent. This is a 6.25 percent decrease over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $79.12 million which beat the analyst consensus estimate of $78.18 million by 1.21 percent. This is a 9.00 percent decrease over sales of $86.95 million the same period last year.</p>


IMAX

Imax Q1 Adj EPS $0.15 Beats $0.10 Estimate, Sales $79.12M Beat $78.18M Estimate

<p>Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) reported quarterly losses of $(0.10) per share which beat the analyst consensus estimate of $(0.17) by 41.18 percent. This is a 37.5 percent increase over losses of $(0.16) per share from the same period last year.  The company reported quarterly sales of $9.631 million which beat the analyst consensus estimate of $6.500 million by 48.17 percent.  This is a 16.56 percent decrease over sales of $11.542 million the same period last year.</p>


IVAC

Intevac Q1 2024 Adj EPS $(0.10) Beats $(0.17) Estimate, Sales $9.631M Beat $6.500M Estimate

Biotech

Health Care

General

MORF

Morphic Therapeutic Ended First Quarter With $658.8M In Cash, Cash Equivalents, And Marketable Securities; Cash Runway Into Second Half Of 2027

<p>EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) reported quarterly earnings of $4.17 per share which beat the analyst consensus estimate of $2.84 by 46.83 percent.  The company reported quarterly sales of $3.430 billion which beat the analyst consensus estimate of $3.224 billion by 6.40 percent.  This is a 18.69 percent increase over sales of $2.890 billion the same period last year.</p>


EMCOR Group Q1 2024 GAAP EPS $4.17 Beats $2.84 Estimate, Sales $3.430B Beat $3.224B Estimate

<p>Susquehanna  analyst Biju Perincheril   maintains Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) with a Neutral and raises the price target from $36 to $38.</p>


Susquehanna Maintains Neutral on Range Resources, Raises Price Target to $38

<p>Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) reported quarterly losses of $(1.28) per share which missed the analyst consensus estimate of $(0.44) by 190.91 percent. This is a 428.21 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $2.08 billion which beat the analyst consensus estimate of $2.04 billion by 1.96 percent. This is a 1.61 percent increase over sales of $2.05 billion the same period last year.</p>


Hertz Global Holdings Q1 Adj EPS $(1.28) Misses $(0.44) Estimate, Sales $2.08B Beat $2.04B Estimate

<p>Morphic Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORF#NASDAQ">MORF</a>) reported quarterly losses of $(0.91) per share which beat the analyst consensus estimate of $(0.94) by 3.19 percent. This is a 1.11 percent decrease over losses of $(0.90) per share from the same period last year.</p>


Morphic Holding Q1 2024 GAAP EPS $(0.91) Beats $(0.94) Estimate

<p>The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.</p>
<p>Here's the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3 class="wp-block-heading"><strong>Kopin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>)</strong></h3>
<ul>
<li>On March 14, Kopin posted downbeat quarterly results. &#8220;2023 was a transitional year for Kopin, successfully evolving from a leading provider of microdisplay solutions to becoming an application-specific optical solutions provider,&#8221; said Michael Murray, Kopin&#8217;s Chief Executive Officer. The company's stock fell around 34% over the past five days and has a <a href="https://www.benzinga.com/quote/KOPN">52-week low of $0.8550</a>.</li>
<li><strong>RSI Value:</strong> 18.19</li>
<li><strong>KOPN Price Action:</strong> Shares of Kopin fell 10.9% to close at $0.8580 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading"><strong>BigCommerce Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGC#NASDAQ">BIGC</a>)</strong></h3>
<ul>
<li>On April 17, Morgan Stanley analyst Keith Weiss maintained BigCommerce Holdings with an Equal-Weight and lowered the price target from $10 to $8. The company's stock fell around 16% over the past month. It <a href="https://www.benzinga.com/quote/BIGC">has a 52-week low</a> of $5.72.</li>
<li><strong>RSI Value:</strong> 26.54</li>
<li><strong>BIGC Price Action:</strong> Shares of BigCommerce rose 0.5% to close at $5.83 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>)</strong></h3>
<ul>
<li>Juniper Networks is expected to release preliminary financial results for the quarter ending March 31, 2024 on Thursday, April 25 after the closing bell, The company's stock fell around 3% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/JNPR">low of $24.87</a>.</li>
<li><strong>RSI Value:</strong> 25.76</li>
<li><strong>JNPR Price Action:</strong> Shares of Juniper Networks fell 1.5% to close at $35.36 on Wednesday.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/24/04/38402061/jim-cramer-says-this-energy-stock-is-terrific-calls-caseys-general-stores-a-winner">Jim Cramer Says This Energy Stock Is &#8216;Terrific,&#8217; Calls Casey&#8217;s General Stores A &#8216;Winner&#8217;</a></p>


Long Ideas

Pre-Market Outlook

Trading Ideas

BIGC

JNPR

KOPN

Top 3 Tech Stocks That Could Lead To Your Biggest Gains In April

<p>HC Wainwright &amp; Co.  analyst Emily Bodnar   reiterates Acrivon Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRV#NASDAQ">ACRV</a>) with a Buy and maintains $20 price target.</p>


Reiteration

ACRV

HC Wainwright & Co. Reiterates Buy on Acrivon Therapeutics, Maintains $20 Price Target

<p>In addition, the Company announced preliminary XHANCE net product revenue of&nbsp;$14.9 million&nbsp;for the three months ended March 31, 2024, representing growth of approximately&nbsp;26%&nbsp;over the&nbsp;first quarter&nbsp;of 2023.</p>
<p>The Company expects peak XHANCE net revenues to exceed&nbsp;$300 million&nbsp;based on its current promotional focus on a specialty audience of mostly ENT and Allergy specialists.&nbsp;&nbsp;</p>


OPTN

Optinose Provides Corporate Updates; Expects To Produce Positive Income From Operations For Full Year 2025

<p>Susquehanna  analyst Mehdi Hosseini   maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Neutral and lowers the price target from $880 to $850.</p>


LRCX

Susquehanna Maintains Neutral on Lam Research, Lowers Price Target to $850

<p>The Patient Participated In The Phase Ii Liver Cancer Study And Has Been Treated With Namodenoson For &gt;7 Years Under Compassionate Use Program<br />
&nbsp;</p>


CANF

Can-Fite Biopharma Announced It Published An Article In The Experimental And Therapeutic Medicine Journal, "Long-term Complete Response To Namodenoson In Liver Cancer With Child-Pugh B Cirrhosis

<p>Susquehanna  analyst Bascome Majors   maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Neutral and lowers the price target from $84 to $80.</p>


Susquehanna Maintains Neutral on Canadian Pacific Kansas, Lowers Price Target to $80

<p>Under the terms of the agreement, Mammoth will receive&nbsp;$100 million&nbsp;inclusive of&nbsp;$95 million&nbsp;in equity investment at signing, and an upfront payment, and is eligible to receive up to&nbsp;$370 million&nbsp;per target in development, regulatory and commercial milestone payments, and royalty rates ranging from single digits to mid-teens on future net sales of all collaboration products.</p>


Contracts

REGN

Regeneron, Mammoth Partner To Pursue Next-Generation CRISPR-Based Gene Editing For Multiple Diseases; Mammoth To Receive $100M Total Upfront Payment And Equity Investment

April 2024 Perspective

Cathie Wood says she invests for a '5-year horizon' ... but ARKK has lost ground over that time

Tailwinds In Tech

Cathie Wood's ARKK falls below 200-day moving average for the first time in 5 months

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>At one point Cathie Wood was the hottest money manager on Wall Street. Her family of <strong>Ark Invest</strong> exchange-traded funds (<span><strong>ETF</strong></span>) grew at a blistering pace, at one point doubling the returns for investors. But the tech sector downturn was hard on her funds, and she has lagged behind the <strong>S&amp;P 500</strong>.</p>



<p>Over the past three years, her ETFs are down an average of 50% while the broad index is up almost 25%. That 75 percentage point delta is a harsh reality for some investors. But it still pays to keep abreast of what Wood buys and sells. Her <em>Big Ideas</em> review each year keeps us up to date on what she believes will be life-defining changes in the future market.</p>



<p>And that&rsquo;s just it. Wood is still looking into the future, so her early losses could just be a reflection of being early to market before the seismic shifts she anticipates have materialized.&nbsp;</p>



<p>Wood has been spectacularly wrong on some things. It gets harder to see her forecast of <strong>Tesla</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tsla-stock-quote/"><strong>TSLA</strong></a></span>) ever being a $3,000 per share stock. Yet, she&rsquo;s seen some home runs too. Last year Wood was the top-performing fund manager for actively traded funds. Her <strong>Ark Next Generation Internet ETF</strong> (NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/arkw-stock-quote/"><strong>ARKW</strong></a></span>) returned 97% for investors, the <strong>Ark Fintech Innovation ETF</strong> (NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/arkf-stock-quote/"><strong>ARKF</strong></a></span>) returned 93% and the <strong>Ark Innovation ETF</strong> (NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/arkk-stock-quote/"><strong>ARKK</strong></a></span>) was up almost 68%.</p>



<p>You can&rsquo;t ever count her out. So here are four Cathie Wood stocks being bought and three that she is selling.&nbsp;</p>



<h2>Roku (ROKU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/roku-stock-300x169.jpg" alt="Logo for Roku, Inc. (ROKU) displayed on a glass building"><div>Source: Michael Vi / Shutterstock</div></div><p>Connected TV (<span>CTV</span>) leader <strong>Roku</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/roku-stock-quote/"><strong>ROKU</strong></a></span>) is seen as one of the companies best positioned to take advantage of one of those game-changing trends Wood envisions.&nbsp;</p>



<p>In her <em>Big Ideas 2023</em> report, Wood forecast the digital consumer will create a $22 trillion opportunity. While there are several avenues they will take to achieve it, the <a href="https://investorplace.com/2023/10/7-stocks-to-cash-in-on-this-little-known-22-5-trillion-opportunity/">growth of connected TV</a> is seen as a critical growth market for it to happen. Despite 85% of all U.S. homes having access to at least one CTV, there was only 35% penetration for digital advertising. Roku&rsquo;s operating system is the largest on the market and is bigger than its next three competitors combined.</p>



<p>Wood was a big buyer of Roku stock beginning in mid-February. Her holdings across her funds went from 8.3 million one day to over 10.1 million the next, and they continue to climb. Wood <a href="https://cathiesark.com/ark-combined-holdings-of-roku">owns 11.7 million shares</a> as of this writing. At around $60 a share, her stake is worth approximately $702 million.</p>



<p>Roku stock is down 34% year-to-date (<strong>YTD</strong>), and its sharp fall coincides with Wood&rsquo;s big buys. The CTV stock <a href="https://investorplace.com/2024/02/why-is-roku-stock-down-today-feb-20th/">got rocked by news</a> <strong>Walmart</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/wmt-stock-quote/"><strong>WMT</strong></a></span>) was buying smart TV maker <strong>Vizio</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/vzio-stock-quote/"><strong>VZIO</strong></a></span>), but obviously Wood sees Roku still coming out on top.</p>



<h2>Blade Air Mobility (BLDE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/blde-stock-1-300x169.jpg" alt="The Blade Air Mobility (BLDE) logo displayed on a smartphone screen."><div>Source: Wirestock Creators / Shutterstock.com</div></div><p>Wood&rsquo;s purchase of <strong>Blade Air Mobility</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/blde-stock-quote/"><strong>BLDE</strong></a></span>) stock isn&rsquo;t quite so dramatic as with Roku. But she purchased 400,000 shares of the urban mobility company. That brings her <a href="https://cathiesark.com/ark-combined-holdings-of-blde">total holdings to 6.6 million</a> shares. The stock has been moving higher over the past month, though on no company-specific news.</p>



<p>However, the air taxi market is generating considerable interest, with leaders like <strong>Joby Aviation</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/joby-stock-quote/"><strong>JOBY</strong></a></span>) and <strong>Archer Aviation</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/achr-stock-quote/"><strong>ACHR</strong></a></span>) advancing through the Federal Aviation Administration&rsquo;s (<strong>FAA</strong>) regulatory process. Both electric vertical takeoff and landing (<strong>eVTOL</strong>) stocks are looking to launch their commercial services in 2025.</p>



<p>Unlike those companies, though, Blade already offers air mobility services. Not the eVTOL type, but rather via helicopters. It is seeking to use its expertise in that venue as a medical transport leader to <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1779128/000177912824000012/blde-20240312.htm">give it a wedge in that market</a> when eVTOL aircraft become a reality.</p>



<p>As a result, Blade&rsquo;s other advantage is it is already generating revenue from its services. Although operating at a loss, it is looking to cut costs by acquiring more aircraft. Currently, it uses an asset-light model, but that will slowly transition going forward.</p>



<h2>Teladoc (TDOC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/tdoc-stock-2-300x169.jpg" alt="The Teladoc logo through a magnifying glass."><div>Source: Postmodern Studio / Shutterstock.com</div></div><p>Remote medical care specialist <strong>Teladoc</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tdoc-stock-quote/"><strong>TDOC</strong></a></span>) should be doing better than it is but continues to see its share price decline. Wood obviously sees that as an opportunity because she recently <a href="https://cathiesark.com/ark-combined-holdings-of-tdoc#google_vignette">picked up almost 1 million shares</a> over the past two weeks. She now holds 15.8 million shares.</p>



<p>Teladoc thrived during the pandemic. Because in-person doctor visits became nearly impossible, telemedicine really burgeoned. Virtual visits soared in both the U.S. and globally. And Teladoc&rsquo;s chronic care programs became a valuable additional revenue stream. Patients discovered the ease of appointment scheduling and speaking with a doctor at a convenient time were a positive experience.</p>



<p>Further, Teladoc was a fast-grower prior to Covid-19, and it became a rocket ship during the health crisis. Unforeseen to many was that after the pandemic&rsquo;s end, people would just go back to their normal routines. While more people are able to access its services, people apparently still prefer the in-person visit.&nbsp;</p>



<p>Worse was Teladoc&rsquo;s acquisition of digital health company Livongo Health for $18.5 billion. The synergies from adding care for diabetes monitoring and remote monitoring never materialized. Teladoc stock has <a href="https://investorplace.com/2024/04/tdoc-stock-is-down-95-since-2021-now-the-teladoc-ceo-is-leaving/">lost 95% of its value</a> from its IPO. Although Wood remains hopeful about a recovery, it seems hard to imagine TDOC stock regaining its pandemic magic.</p>



<h2>Pacific Biosciences (PACB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1726134715-300x169.png" alt="Biochemical/biotech research scientist team working with microscope"><div>Source: Mongkolchon Akesin / Shutterstock.com</div></div><p>Biotech <strong>Pacific Biosciences</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/pacb-stock-quote/"><strong>PACB</strong></a></span>) is another stock that has seen better days. Shares are already down 69% in 2024 and are off 79% from their 52-week high. Wood has been a prolific buyer of PACB stock and <a href="https://cathiesark.com/ark-combined-holdings-of-pacb">owns 31.4 million shares</a> of the maker of genetic sequencing equipment for biotechs.</p>



<p>In Wood&rsquo;s <em>Big Ideas 2024</em>, she <a href="https://investorplace.com/2024/02/7-stocks-cathie-wood-is-still-loading-up-on-in-q1/">highlights precision therapies</a> for curing previously incurable diseases. Wood forecasts such therapies growing at a 28% compounded annual growth rate (<strong>CAGR</strong>) to reach $4.5 trillion by 2030. She says &#8203;&#8203;innovative therapies powered by artificial intelligence (<strong>AI</strong>), CRISPR gene editing and new sequencing technologies will rule the day.</p>



<p>Indeed, Pacific Biosciences is not some startup, but a company with over two decades of experience. And yet it can&rsquo;t gain traction. Despite revenue nearly doubling, PACB remains a money-losing operation. Also, the market is very competitive with <strong>Ilumina</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ilmn-stock-quote/"><strong>ILMN</strong></a></span>) being a dominant player. While Wood&rsquo;s big bet should be winning, it still trades in its historical range. And there doesn&rsquo;t seem to be any indication things will change.</p>



<h2>Nu Holdings (NU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/digital-banking-1600-300x169.png" alt="hand using online banking and icon on tablet screen device in coffee shop"><div>Source: PopTika / Shutterstock</div></div><p>Turning to stocks Wood was selling, she <a href="https://cathiesark.com/ark-combined-holdings-of-nu">dumped about 400,000 shares</a> of <strong>Nu Holdings</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/nu-stock-quote/"><strong>NU</strong></a></span>) last week. She has been steadily selling down her position in the Brazilian digital bank, though there was a buying spike in early March.</p>



<p>As part of Wood&rsquo;s belief in the digital transformation of finance, it&rsquo;s easy to see why she liked the stock. She&rsquo;s not the only one. Even Warren Buffett <a href="https://investorplace.com/2024/04/stock-stinkers-3-warren-buffett-holdings-disappointing-investors-in-2024/">owns a few shares</a> in <strong>Berkshire Hathaway</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/brk-a-stock-quote/"><strong>BRK-A</strong></a></span>)(NYSE:<span><a href="https://investorplace.com/stock-quotes/brk-b-stock-quote/"><strong>BRK-B</strong></a></span>). While Nu Holdings was probably a purchase of one of Buffett&rsquo;s investment managers (Buffett tends to only make purchases of $1 billion or more), it still highlights the interest the digital bank holds for asset managers.</p>



<p>Half of the adult Brazilian population uses Nu&rsquo;s services. But it continues to add new customers every quarter while expanding into Mexico and Colombia.</p>



<p>NU&rsquo;s stock is up 34% YTD and 140% higher over the past year. Even with the sales, Wood still owns 3.9 million shares giving her a sizable stake in NU&rsquo;s future growth potential.</p>



<h2>UiPath (PATH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/path-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the website homepage of UiPath (PATH)."><div>Source: dennizn / Shutterstock.com</div></div><p><strong>UiPath</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/path-stock-quote/"><strong>PATH</strong></a></span>) is the fifth largest stock in Wood&rsquo;s Ark Innovation ETF, representing <a href="https://cathiesark.com/ark-combined-holdings-of-path">5.7% of the fund&rsquo;s total</a>. And surprisingly, PATH is the largest AI stock she owns with over 28.8 million. That&rsquo;s not such an eye-opener since Wood famously predicted that with global adoption of AI, she believes the global economy will enjoy a <a href="https://investorplace.com/2024/02/profitable-pivots-3-companies-that-look-unrecognizable-thanks-to-ai/">$200 trillion increase in productivity</a> by 2030.</p>



<p>Specifically, UiPath is a business automation specialist. In short, it means it develops software for customers to automate repetitive digital tasks. Its platform gives clients access to pre-built components that can be combined to automate business processes called robotic process automation (<strong>RPA</strong>).</p>



<p>The stock is down 19% YTD as inflation, high interest rates and global conflicts have impeded customer spending. Even so, UiPath saw revenue climb 24% to over $1 billion last year. Such growth may be more difficult going forward as more companies like <strong>Salesforce</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/crm-stock-quote/"><strong>CRM</strong></a></span>) <a href="https://appexchange.salesforce.com/appxListingDetail?listingId=a0N3A00000G0nmRUAR">add more RPA bots</a> to perform repetitive tasks. It might explain why Wood is slowly backing away from PATH stock.</p>



<h2>Twilio (TWLO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/twlo1600-1-300x169.png" alt='The brand logo of the US company "Twilio" on the display of a smartphone (focus on the brand logo), TWLO stock'><div>Source: David Esser / Shutterstock.com</div></div><p>Wood has all but sold off her entire 6 million share position in <strong>Twilio</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/twlo-stock-quote/"><strong>TWLO</strong></a></span>) this year. She has <a href="https://cathiesark.com/ark-combined-holdings-of-twlo">about 12,000 shares</a> remaining at this writing. The cloud communications stock is down 20% in 2024.</p>



<p>The company is under pressure from activist investors to explore strategic alternatives. This usually means selling the whole company, or at the least divesting its data and applications business.</p>



<p>It&rsquo;s a surprising turn of events for a company that Wood hailed last year as a part of &ldquo;<a href="https://ark-funds.com/articles/commentary/investing-in-artificial-intelligence/">AI&rsquo;s sleeper wave</a>&rdquo; (UiPath was part of it too). By that she meant stocks flying below investors&rsquo; radar. She said, &ldquo;Twilio seems best positioned to introduce artificial intelligence into customer communication channels.&rdquo;</p>



<p>Wood was expecting the normalization of corporate spending patterns to help fuel AI&rsquo;s growth in communications. It&rsquo;s why she said Ark Invest had &ldquo;long-term conviction in Twilio.&rdquo; Apparently the long-term was about six months. With sharks circling the water on Twilio, though, it&rsquo;s not surprising to see Wood sell out of this stock.</p>



<p><em>On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-cathie-wood-stock-shuffle-4-names-shes-loving-3-shes-leaving/">The Cathie Wood Stock Shuffle: 4 Names She&#8217;s Loving, 3 She&#8217;s Leaving</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>As the technology sector rolls across a bumpier part of the road, investors eager to top-up may have a chance to get some better prices as the choppy second quarter of the year continues. Undoubtedly, it&rsquo;s easy for a new investor to lose their cool as the results from some of the market&rsquo;s hottest <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> begin to come in. That said, it&rsquo;s never a good idea to let emotions drive your investment decisions.</p>



<p>Big bounce-back days like the one enjoyed on Tuesday show many investors why it&rsquo;s often a bad idea to throw in the towel after stocks run into a losing streak. For long-term investors who want to capitalize on the best emerging ideas in the tech sector, there are a handful of interesting exchange-traded funds (ETFs) and closed-end funds (CEFs) to get the job done. </p>



<p>So, whether or not a wrecking ball is headed for <a href="https://investorplace.com/industries/technology/">tech stocks</a>, I find it worthwhile to stash the following funds on one&rsquo;s radar.</p>



<h2><strong>Destiny Tech100 (DXYZ)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/space-spacs-1600-300x169.jpg" alt="Rocket launching into space"><div>Source: 3Dsculptor / Shutterstock.com</div></div><p>It&rsquo;s hard to name another fund that&rsquo;s been nearly as action-packed, exciting and volatile as the <strong>Destiny Tech100 </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/dxyz-stock-quote/"><strong>DXYZ</strong></a>). This closed-end fund (not to be confused with ETFs) allows everyday retail investors to invest in some of the hottest innovative private companies today. </p>



<p>Indeed, it can be tough not to get a bit enthused after seeing the types of private firms underneath the hood. From Elon Musk&rsquo;s private space company SpaceX (the largest holding in the DXYZ) to OpenAI and some smaller firms we have yet to appreciate, the DXYZ certainly seems to be a pretty exclusive club. </p>



<p>Chatting about DXYZ is sure to win you some ears at the dinner table. However, you will pay a colossal premium to net asset value (NAV) to punch your ticket. That is even after the recent collapse in shares from its near-$100 peak to $28 trough. That&rsquo;s a one-way ticket down of more than 70%. </p>



<p>Many pundits have the <a href="https://www.morningstar.com/funds/dxyz-not-destinys-child">NAV pinned at just shy of $5</a>. Indeed, paying north of $28 per share for $5 of value doesn&rsquo;t seem to make a whole lot of sense. Not even if you expect fireworks should SpaceX decide to have an IPO in the future.</p>



<p>With the IPO environment blazing hot, it certainly seems exhilarating and exclusive to have a stake in a private firm like SpaceX before it has a chance to go public. It&rsquo;s not hard to imagine many Elon Musk fans wanting to invest in SpaceX, regardless of the price.</p>



<p>Personally, I&rsquo;m sitting on the sidelines until the premium to NAV slims further. Much further. Who knows? Perhaps the DXYZ will hit single digits if the market sell-off intensifies.</p>



<h2><strong>ARK Next Generation Internet ETF (ARKW)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/logo-ark-invest-cathie-wood-1600-300x169.jpg" alt="Logo for Ark Invest displayed on phone with logo in background as well, symbolizing Cathie Wood stocks"><div>Source: shutterstock.com/viewimage</div></div><p><strong>ARK Next Generation Internet ETF</strong> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/arkw-stock-quote/"><strong>ARKW</strong></a>) stands out as far less speculative than the DXYZ. The fund, which is managed by Cathie Wood, holds shares of some high-tech growth stocks that show disruptive potential.</p>



<p>The stock imploded back in 2021 and 2022, eventually bottoming out to start 2023 fresh. Since those lows, ARKW has been rallying with fury. More recent momentum seems worth getting behind, with shares now up over 55% in just the past year.</p>



<p>Even as <a href="https://www.wsj.com/finance/investing/ark-funds-cathie-wood-investors-56e2950c">many investors pull money out</a> of Cathie Wood&rsquo;s <strong>Ark Invest</strong> funds, the ARKW ETF still looks compelling. That&rsquo;s especially the case for investors seeking disruptive growth at relatively reasonable prices of admission. </p>



<p><strong>Coinbase</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/"><strong>COIN</strong></a>) is a top holding and a major contributor behind the fund&rsquo;s past year of relief gains. With a good mix of stocks playing on fintech, the metaverse and AI, I wouldn&rsquo;t be afraid to keep the fund. It is my favorite of the Ark line and on my radar going into summer.</p>



<h2><strong>iShares Cybersecurity and Tech ETF (IHAK)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cybersecurity1600c-300x169.jpg" alt="A digital illustration of a hacker in a blue sweatshirt. Cybersecurity Stocks to Sell"><div>Source: Shutterstock</div></div><p>If you want to take thematic investing to the next level, a cybersecurity ETF like the <strong>iShares Cybersecurity and Tech ETF</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ihak-stock-quote/"><strong>IHAK</strong></a>) is worth considering. Amid the rising global risk of cyber threats, it&rsquo;s unsettling to learn of a new company being compromised by cyber attackers.</p>



<p>Even a company as large as <strong>Microsoft</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a>) needs to stay vigilant in the face of <a href="https://www.wired.com/story/russia-hackers-microsoft-source-code/">rising cybersecurity risks</a>. With the rise of artificial intelligence (<span>AI</span>), I believe the severity and frequency of major breaches stand to be amplified. And with that, everybody will need to spend big money to bolster their cybersecurity defenses.</p>



<p>Indeed, the cybersecurity tech theme is one that I expect to lead to solid results over the long run. With the recent correction in the IHAK ETF, investors may wish to make a move. Either way, the thematic ETF is worth watching very closely as the cybersecurity good guys strive to stay ahead of the hacker bad guys.</p>



<p><em>On the date of publication, Joey Frenette owned shares of Microsoft. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/YUYqC31vVVI7KAkriDfKi6?domain=investorplace.com/">Publishing Guidelines</a>.</em></p>
<div><p>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/dxyz-arkw-ihak-3-hot-tech-funds-for-your-summer-watchlist/">DXYZ, ARKW, IHAK: 3 Hot Tech Funds for Your Summer Watchlist</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>