Several ETFs at Wood’s firm, ARK Invest, bought a variety of tech stocks after they fell alongside a broader market drop. ARK Invest, which has $6.7 billion in assets under management, is an influential firm whose funds have fallen on hard times. Reports earlier this year showed investors pulled a total of $2.2 billion from
(Bloomberg) — Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy. Most Read from Bloomberg Money managers in Asia are on the hunt for their next purchase even after the region’s tech stocks recorded their steepest ever two-day drop this
We recently compiled a list of the 10 Best Bank Stocks with High Dividends. In this article, we are going to take a look at where Discover Financial Services (NYSE:DFS) stands against the other bank stocks with high dividends. Bank stocks are having a moment. The S&P Banks Select Industry Index, which tracks the performance
Burt Malkiel, the author of the bestselling investing book A Random Walk Down Wall Street, tells Fortune that trying to get in on individual AI stocks now could be a big mistake for the average investor. Just look at the shakiness of the markets over the past few weeks. “There is such clear evidence by looking
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Small caps are solving Wall Street’s concentration problem. Though small caps stumbled Wednesday, in the five prior trading days, the Russell 2000 (^RUT) rocketed an eyewatering 12% as the Nasdaq Composite (^IXIC) barely
We recently compiled a list of the 15 Best Stocks For Dividends. In this article, we are going to take a look at where Automatic Data Processing, Inc. (NASDAQ:ADP) stands against the other dividend stocks. In 2023, dividend stocks underperformed compared to the overall market, which was driven largely by tech stocks. As we move
Since the start of the bull market in October 2022, stocks’ move higher has largely been about artificial intelligence and the outperformance of a few large equities, driving investor concern that gains aren’t widespread enough for the rally to continue. That could be changing. Thursday’s better-than-expected inflation reading has sent the stock market into a
As investment brokerage Robinhood finds its footing as a publicly traded company, its CEO is still trying to figure out how to balance the platform’s roots in day trading with his desire to build a sustainable business. Speaking at Fortune‘s Brainstorm Tech conference on Monday, Vladimir Tenev reflected on his rocky tenure leading the 10-year-old
Pre-market trading in the U.S. will begin Sunday evening, marking Wall Street’s initial attempt to price in how the assassination attempt on Donald Trump will affect markets. Ian Bremmer, president of political risk research and consulting firm Eurasia Group, has said the shooting at a campaign rally makes a Trump win in the presidential election
We recently compiled a list of the 10 Best Tech Stocks to Buy According to Brad Gerstner. In this article, we are going to take a look at where PDD Holdings Inc. (NASDAQ:PDD) stands against the other tech stocks. Gerstner is Bullish on Tech in 2024 On December 1, 2023, Brad Gerstner, the CEO of