FlowBank

1099 days ago

There's no stopping Ms. Wood--Ark lured $1B Tuesday

The flagship Ark Innovation ETF (ticker ARKK) took in a record $717 million on Tuesday, while the Ark Space Exploration and Innovation fund (ARKX) absorbed $281 million on its debut. Bearish bets have been building in ARKK, with short interest climbing to 4.9% of shares outstanding, according to data from IHS Markit Ltd, nearing the record 5.3% hit in early March. Still, none of that has taken any shine off the space fund, with Wood’s first new ETF in two years seeing $294 million worth of shares change hands on its first day. The product’s top two holdings are Trimble Inc. and another Ark vehicle, the 3D Printing ETF (PRNT).

#Stocks

1099 days ago

April is seasonally a good time for stocks

April is normally a good time of year for stocks ahead of the 'sell in May and go away' adage - but will that apply this year when Jan through March was such a good one?

#Stocks
April is seasonally a good time for stocks

1099 days ago

5G, super computers and general demand sees TSMC pledge $100B investment in semiconductor tech

Taiwan Semiconductor Manufacturing Company (TSM) has pledged a $100 billion investment in advanced semiconductor technologies over the next three years to address rising demand, multiple media outlets reported Thursday. CEO C.C. Wei told clients that the investment would go into supporting its capacity to boost manufacturing and R&D of advanced chips. The COVID-19 pandemic has also accelerated the digitalization trend, Wei said.

#Stocks

1099 days ago

Apple and Square are upgraded to buy from UBS and

Apple was upgraded to $142 by UBS on auto market entry hopes. Analysts at UBS suggest that a Apple branded battery electric vehicles could achieve a 5% market share. Square raised to $250 by Keefe, Bruyette & Woods.

#Stocks

1099 days ago

Energy stocks ripped in Q1, rising +30%

Energy stocks were a big component of the 'cyclical' rebound in Q1 with the sector rising 30%, supported by a 30% gain in the price of crude oil.

#Stocks
Energy stocks ripped in Q1, rising +30%
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