Connect with us

Business

Jim Cramer Says ‘Ark Invest Phenomenon’ Seems To Be Over For Now

Published

on

 


CNBC’s Jim Cramer said on Friday that Ark Invest’s stock market influence appears to be waning at least for now.

Ark Invest’s family of exchange-traded funds were among the top performers on Wall Street last year, but did not fare well in 2021 as investors turned away from high-growth stocks to look to the economic recovery .

The host of “Mad Money” said that as funds managed by star fund management firm Cathie Wood struggled, the amount of cash outflows began to rise. This has implications for stocks that are part of ETFs, Cramer said.

“It seems pretty clear that the Ark Invest phenomenon is no longer in play,” Cramer said. “We don’t see any major releases here, but the era of Cathie Wood supporting these stocks with her own buying bazooka, I think it looks like it’s over.”

The reverse was true last year when investors began to notice the performance of the Wood family of funds, Cramer said, causing the company to see a massive wave of influx and new firepower to be deployed on the market. market.

Cramer noted that Ark’s flagship ETF, ARK Innovation, has started to perform better recently as growth stocks have returned in favor. Indeed, the fund is up around 2.4% in the last 5 days, while the S&P 500, by comparison, is down 1.9%.

ARK Innovation also grew by 6% between June 7 and June 11.

“Here’s the gist: When you look at fund flows, Ark Invest is no longer supporting turbocharged growth stocks, which makes their recent rebound much bigger for me,” Cramer said.

“Maybe if this group continues to climb, Cathie Wood can get her bazooka back, but by then the ‘WoodStocks’ will rise or fall on their own.”

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]