S2 EP18:The CoinBase IPO Flop, Stock Market Pop, and The Contest
Episode description
The three main Wall Street indexes ended Friday higher for the day and week, with the S&P 500 and the Dow breaking closing records, as investors took strong economic data and bank earnings as signs of momentum in the U.S. pandemic recovery.
The Federal Reserve’s pledge to keep interest rates low despite higher inflation has also revived demand for richly valued technology stocks, although bond yields edged higher again on Friday after hitting multi-week lows a day earlier.
ARK on Friday bought 187,078 shares of Coinbase, which debuted on the Nasdaq earlier this week, in a purchase worth nearly $64 million at the day’s closing price of $342.
The funds added to were the flagship ARK Innovation fund, the Next Generation Internet ETF and the Fintech Innovation ETF.
The Coinbase purchases add to the 341,186 shares purchased on Thursday and 749,205 purchased on Wednesday.
$ARKX $XOM $TSLA $AAL $BNGO $MARA $O $CRWD $FB $AAPL $FCEL $MGM $GOOGL $EZGO $SHOP $MTCH $DIS $PDD $ $TWTR $MVIS $PLTR $BFLY $ENZC $GM $ABNB $BUZZ $PTON $TDOC $DDD $U $COIN
Congrats to the Winners of the Compounding Lifestyle Contest! AL and Pete!!! Way to go guys!
Control the Cash balance today and position yourself accordingly. Let's GO!!!!!
Research Links:
Learn more about options:
https://tinyurl.com/Compounding-Lifestyle
Music-Bob Ross goes to Hollywood- Boratic
Voice Mail link, show us some love, call in to ask questions: https://anchor.fm/compounding-lifestyle/message (copy/paste the URL)
Robinhood link: https://join.robinhood.com/arristw
DISCLAIMER: These Podcasts are for educational purposes only. Nothing in this podcast should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions. Do your research and due diligence.