4 of ARK Invest's Top 5 Stocks Are Down More Than 20% Since This Happened
There isn't a wide-scale crash taking place in the markets right now, but individual stocks are falling hard. In particular, growth stocks are hurting badly of late. The best barometer of that is Cathie Wood's ARK Innovation ETF (NYSEMKT: ARKK), which focuses on disruptive businesses.
The fund holds many of the top growth stocks you might want in your portfolio, including its top five holdings: Tesla, Teladoc Health (NYSE: TDOC), Zoom Video Communications, Roku, and Coinbase Global. Excluding Tesla, which has a huge fanbase, all of those stocks (and ARK itself) have crashed by more than 20% since Nov. 9 while the S&P 500 has declined just 2%. What happened? And could any be a good addition to your portfolio now?
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Source Fool.com
