|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||34.69 - 34.94|
|52 Week Range||28.29 - 37.47|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.52|
|Expense Ratio (net)||0.75%|
ARK Investment Management LLC (ARK), a New York-based adviser focused solely on disruptive innovation, today launched the ARK Fintech Innovation ETF (ARKF)–an ETF that capitalizes on the burgeoning fintech ...
Though Tesla missed earnings estimate, it posted back-to-back quarterly profit for the first time in its history. This has put the spotlight on ETFs having substantial allocation to this luxury carmaker.
In four weeks, Tesla has a $920 million payment in bonds to make as pressures mount for CEO Elon Musk amid a 7 percent reduction in the electric carmaker's workforce. ETFs to watch with the heaviest weightings in Tesla include the VanEck Vectors Global Alt Energy ETF (GEX) , ARK Industrial Innovation ETF (ARKQ) and the First Trust NASDAQ Cln Edge GrnEngyETF (QCLN) . In its 15-year history, Tesla has only been profitable for three quarters.
NVIDIA dampened investors mood after it lowered its fourth-quarter fiscal 2019 revenue guidance amid deteriorating macro fundamentals, hurting many ETFs having the largest allocation to this graphic maker.
Shares of Tesla fell by around 13% on Jan 18, after the company announced that it will cut around 7% of its workforce and lowered its guidance for fourth-quarter profit, putting related ETFs in focus.
The tweet heard around the capital markets regarding Tesla CEO Elon Musk's idea of taking the electric auto manufacturer private is now landing him in hot water as the SEC has filed a civil lawsuit against Musk, alleging he issued "false and misleading" statements and failed to communicate material company events to regulators. Shares of Tesla (TSLA) took a deep dive as the stock plummeted over 12% as of 11:00 a.m. ET, hurting ETFs with heavy weightings, such as the VanEck Vectors Global Alt Energy ETF (GEX) --down 1.24%, ARK Industrial Innovation ETF (ARKQ) --down 1.34% and the First Trust NASDAQ Cln Edge GrnEngyETF (QCLN) --down 1.11%. Downward pressure on Tesla's share price was also applied as investors are positing whether the SEC lawsuit could bring about an abrupt departure of Musk on a temporary or permanent basis.
In an attempt to hone in on the potential opportunities, one should consider the criteria used to identity a disruptive innovation and look to an exchange traded fund strategy that adapts to the changes. On the recent webcast (available On Demand for CE Credit), How Investors Can Identify Disruptive Innovation and What it Can Add to a Portfolio, Catherine Wood, Chief Investment Officer and CEO of ARK Invest, explained three broad criteria to isolate a disruptive innovation platform. Disruptive innovations should enable rapid cost declines and economic tipping points, cut across sectors and geographies, and spawn further innovation.
ETFs with heavy weightings in Tesla stock were mostly down, such as the VanEck Vectors Global Alt Energy ETF (GEX) --down 0.94%, ARK Industrial Innovation ETF (ARKQ) --down 0.22% and the First Trust NASDAQ Cln Edge GrnEngyETF (QCLN) --down 0.61% as of 11:00 a.m. ET. Musk's behavior on the podcast is a culmination of what has been tumultuous times for the electric carmaker founder, which started when he first sent a tweet that he was considering taking the company private at a price of $420 a share, citing that it was "the best path forward." The decision to privatize Tesla halted trading of the company's shares for 92 minutes, leaving Tesla investors in a panic.
As in most cases when you mix social media and market influencers, it took just one tweet to send the capital markets spinning yesterday when Tesla co-founder and CEO Elon Musk announced he was mulling the idea of taking the Palo Alto, California-based company private--a move that would affect exchange-traded funds with the heaviest weightings of its stock, leaving them in limbo as they await Musk's next move. ETFs affected include VanEck Vectors Global Alt Energy ETF (GEX) , ARK Industrial Innovation ETF (ARKQ) and First Trust NASDAQ Cln Edge GrnEngyETF (QCLN) .
Tesla told 9 percent of its 46,000-employee workforce on Tuesday that it will cut salaried positions in a reorganization measure that will affect 4,100 jobs. The cuts were looming as Tesla CEO Elon Musk warned employees in mid-May that the company would undergo a thorough reorganization measure that would include flattening its current management structure. Musk tried to put current employees at ease, promising that company growth lies ahead and hiring will commence.
After the closing bell on Wednesday, Tesla Inc (NASDAQ:TSLA) reported better-than-expected results for the first quarter of 2018. The electric carmaker outpaced the earnings and revenue estimates and promised to be profitable in the second half of the year with the Model 3 production target on track.Source: Windell Oskay via Flickr (Modified)Tesla Q1 in Focus
ETF investors seeking to capitalize on the big investment opportunities resulting from a rapidly developing world can look to some disruptive ETFs to enhance a portfolio. On the recent webcast Thursday, ...
Innovative and new products help shape the road to the future, and as these technologies experience rapid changes, exchange traded fund investors can also focus on these growth opportunities through targeted ...