Cathie Wood’s ARK Invest firm has a reputation for scoring big wins with explosive growth plays — and it’s no secret the famous investor is bullish on Bitcoin .
For those seeking stocks with similar market-crushing potential, ARK Invest also has big holdings in some very promising growth stocks that could level up your portfolio.
Keith Noonan: Unity Software stands as the fourth-largest overall holding in Cathie Wood’s Ark Innovation ETF, and I think the interactive-software development company stands a good chance of crushing the market over the long term.
The growth story here is likely just getting started, and I expect the company to deliver more strong results through the rest of the fiscal year.
The software specialist is providing a foundational framework and tools that allow its customers to build highly engaging interactive experiences, and the long-term demand outlook for these services is very promising.
Jamal Carnette: Shares of Coinbase Global sold off last month upon news Cathie Wood sold nearly 100 thousand shares of the crypto-focused brokerage.
However, many investors are looking at increased adoption — particularly as a means of exchange — as the next evolution in crypto.
However, this is a chicken-and-egg problem: Companies need to see crypto adoption increase before they invest time, money, and effort in their operations, but more investment is needed for adoption to increase.
In the second quarter Coinbase reported having more than 9,000 institutional buyers and this group traded $317 billion in transactions on its platform, which was nearly 70% of total trading volume.
Additionally, the company formed the Crypto Council for Innovation along with Square and Fidelity to shape regulatory efforts in the space.
Jason Hall: The past week has been brutal for shareholders of online-housing-finder platform Zillow Group .
Why should investors even consider Zillow right now? After all, Zillow Offers is a huge failure for the company, and will end up costing hundreds of millions of dollars to exit on top of massive losses over the past three-plus years to build it up.
But I also think Zillow’s CEO, Rich Barton, made a painful decision that Zillow doesn’t hold any competitive advantages in this low-margin, high-risk business, and the cost of Zillow Offers was pulling resources away from other — very profitable — segments.
Zillow’s real competitive advantage is the network effect of its popular platform, and it no longer competes with the agents who are its most important customers.