SQ

Block, Inc.

63.90
USD
3.97%
63.90
USD
3.97%
56.01 289.23
52 weeks
52 weeks

Mkt Cap 25.51B

Shares Out 399.18M

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Cathie Wood Provides Lesson Of The Day: Don't Invest In Fairytale Stocks

Tesla Loses Top Spot in Cathie Wood’s Flagship Fund Bloomberg reports Tesla Loses Top Spot in Cathie Wood’s Flagship Fund Elon Musk’s firm was top ARKK position on most days since 2017 Roku pips Tesla to take the pole position in ARKK’s holdings ARK Investment and its flagship fund have been selling Tesla shares for at least four quarters in a row, according to Bloomberg-compiled data. The firm owned nearly 1.59 million Tesla shares as of the end of March, down from nearly 5.79 million shares a year earlier. ROKU Weekly Chart (Click on image to enlarge) Tesla TSLA Weekly Chart (Click on image to enlarge) ZOOM ZM Weekly Chart (Click on image to enlarge) Exact Sciences EXAS Monthly Chart (Click on image to enlarge) Block SQ Weekly Chart (Click on image to enlarge) Teledoc TDOC Monthly Chart (Click on image to enlarge) CRSP Weekly Chart (Click on image to enlarge) Notes The above charts show technical support levels. I used weekly charts unless there was little or no support left. If so I switched to monthly charts. is not new enough to have much monthly history. The above line shows the only long-term support remaining. Fundamentally speaking, Tesla and Zoom have real products. They should survive, but at what price. I am not familiar with all of the companies above, but It would not surprise me in the least to see some go to zero or close, and stay there. Lesson of the Day If you invest in big bubbles and believe in fairy tales this is what eventually happens. Top Idea of the Month: What Needs to Happen Before Stocks Bottom? History suggests markets bottom after the yield on the 10-year treasury note drops significantly. The implications are ominous. For further discussion, please see Top Idea of the Month: What Needs to Happen Before Stocks Bottom?

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