The New York Stock Exchange floor is filled with traders just before the closing bell as the market takes a significant dip in New York.
Lucas Jackson.
Ark Invest's flagship fund has suffered a year-to-date decline of 24% as investors shy away from unprofitable tech companies.
Despite the decline, Cathie Wood still believes that innovation stocks are worth more.
Ark Invest's flagship Disruptive Innovation ETF has 10 beaten-down stocks.
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The Ark Invest flagship portfolio has suffered a tough year to date, with the S&P 500 up 23% and the Cathie Wood's ETF down 24%.
The reversal in the once-hot exchange traded fund has occurred due to a rotation out of unprofitable high-growth tech stocks in favor of more stable companies that have a proven history of delivering profits despite economic uncertainty.
The tech trade nosedived more than 80% from record highs after the positive momentum for the trade turned to negative. The Federal Reserve's guidance for multiple interest rate hikes in 2022, as well as its decision to speed up the tapering of its monthly bond purchases, have contributed to the sell-off.
Wood's investment strategy is to buy companies with little to no profits. Wood said in a Friday post that the stocks ARK Invest owns are now in deep value territory and predicted monster returns over the next five years.
As of December 20, these are the 10 most beaten-down stocks in the Disruptive InnovationETF. The data was from Koyfin.
10. 2U, Inc.
Twou is the number.
The high of the week was -66%.
Market capitalization is $1.6 billion.
There is a method for this.
Markets Insider.
There is a method for this.
9. Signify health.
There is a ticker that says: SGFY.
The high of the week was -66%.
Market capitalization is $3.2 billion.
There is a method for this.
Markets Insider.
There is a method for this.
8. Teladoc Health.
T DOC is listed.
The high of the week was -69%.
The market capitalization was $15.3 billion.
There is a method for this.
Markets Insider.
There is a method for this.
7. The medicine is called Editas Medicine.
The ticker is EDIT.
The high was - 70%.
Market capitalization is $2.0 billion.
There is a method for this.
Markets Insider.
There is a method for this.
6. Compugen.
CGEN is on the list.
The high was -71%.
Market capitalization was $380.0 million.
There is a method for this.
Markets Insider.
There is a method for this.
5. Materialise.
MTLS is a ticker.
The high of the week was -72%.
Market capitalization is over $1 billion.
There is a method for this.
Markets Insider.
There is a method for this.
4. Invitae is a song.
The person has a ticker.
The high was $3.8 billion.
Market capitalization is less than 70%.
There is a method for this.
Markets Insider.
There is a method for this.
3. There is a market called Robinhood Markets.
HOOD is a ticker.
The high of the week was -79%.
The market capitalization was $15.2 billion.
There is a method for this.
Markets Insider.
There is a method for this.
2. The company is called Skillz Inc.
SKLZ is on the list.
The high of the week was -83%.
Market capitalization is $3.2 billion.
There is a method for this.
Markets Insider.
There is a method for this.
1. Berkeley lights.
The ticker is BLI.
The high of the week was -83%.
Market capitalization is over $1 billion.
There is a method for this.
Markets Insider.
There is a method for this.
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