ARKW ETF

Passive investors with too much cash glued to the sidelines may wish to deploy some capital as the S&P 500 makes new highs, with the tech-heavy Nasdaq 100 not too far behind.

ARKW started 2024 strong, reaching a 23-month high of $85 in March, and shares are up lately, boosted by Tesla's rally. The fund's high concentration in Tesla and growth stocks, along with a focus on next-generation internet companies, makes for a risky strategy, but shares remain trending up. Ahead of earnings season in the tech space, I highlight key price levels to monitor.

ARK Next Generation Internet ETF has outperformed tech benchmarks over the past year. The fund has benefited from the rally in Bitcoin and digital assets through its overweight position in top holdings like Coinbase Global Inc. Despite the recent momentum, ARKW remains high-risk and will need to rebuild a volatile historical returns record.

JD Henning discusses his approach to the market and emphasizes the importance of timing and using momentum gauges to avoid major market downturns. Investing vs trading portfolios.

Bitcoin and the Information Technology sector boasted strong total returns and risk-adjusted returns in 2023. The ARK Next Generation Internet ETF is a solid play for momentum investors in 2023 given its technical strength. ARKW is concentrated in the tech and fintech sectors, with the top 10 positions comprising 63% of the portfolio while its P/E ratio is elevated.

If you're after a list of high-yield ETFs, you've come to the right place. Buying units in these units may provide diversification benefits and lead to high total returns over the long run.

ARK Next Generation Internet ETF focuses on investing in pioneering technologies like cloud computing, blockchain, and AI. The fund is actively managed and selects stocks based on research and analysis of industries, technologies, and market trends. ARKW's portfolio is diversified across sectors and geographies, but investing in disruptive technologies can be volatile and unpredictable.

The ARK Next Generation Internet ETF has been identified as a buy, despite its high valuation, due to its robust growth outlook and strong momentum. The fund, which primarily invests in next-generation internet companies, has recently benefited from positive news around Bitcoin ETFs and strong sales from Tesla. I assert the ETF may see 10% to 15% more upside before potential selling pressure, with the long-term 200-day moving average showing a positive slope.

With the U.S. inflation cooling and the possibility of the Federal Reserve slowing or pausing rate hikes, the stage is set for growth ETF investing.