As of Thursday, the ARK Innovation ETF (ARCA: ARKK) held 31 stocks. But there's only one name in the entire basket that appeals to Jay Woods, chief market strategist at Drive Wealth and NYSE executive floor director.
Bed Bath & Beyond Inc (NASDAQ: BBBY) shares tanked Thursday morning after the home furnishings retailer warned investors of a significant slowdown and possible bankruptcy.
Cathie Wood-led ARK Investment Management bought 21,050 shares of Tesla Inc (NASDAQ: TSLA) on Wednesday at an estimated valuation of over $2.39 million.