ARK Invest’s Cathie Wood ups the ante on DraftKings

DraftKings soars as Cathie Wood doubles down on the stock. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Jeff Mills. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

Shares of the sports betting company rose more than 4% after Cathie Wood’s ARK Invest loaded up on 1,073,171 shares of the stock across various funds on Tuesday. The position is worth roughly $60 million based on Tuesday’s closing price.

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20 gedachten over “ARK Invest’s Cathie Wood ups the ante on DraftKings”

  1. They are all afraid to say it like it is: Cathie Wood had a great 2020, but she has had a very poor 2021

  2. Melissa, don't you understand long term investing? If not, you shouldn't have a job.

  3. SQUARE, really? Talking about exuberantly overpriced stocks.

  4. ,.,.AMAZON:
    Yep, I bought a ton on the dip. It's getting cheaper relative to its current earnings (half compared to last year).

    Amazon invested $14 billion in the last quarter alone, the same as it spent in 6 months before that. It is a do not sell stock.

    …With the Delta virus coming at full speed ahead, pandemic sales will make a comeback.

    Amazon is investing so much money, that no competitor will ever be able to catch up.

    Amazon's not going anywhere so I know that eventually it will come back.
    Fidelity considers Amazon as a large growth company (probably because as big as it is, it still only has 7% of the retail market)

    buying via Amazon Smile donations donates some money to my favorite charity too!

    Get on board or be runover, it's up to you.

  5. The market is driven by: Narratives and emotions on the short run, fundamentals and truth in the long run. Use this to your advantage.

  6. Buy and hold for a few years. 👍☀️👍 Peace y’all!

  7. sadly the banks are not going anywhere with yields dropping even in the face of fed taper … woweeeee!

  8. Cathie Wood…Ha! Ha! Ha! Ha! Any idiot could make $ in the 2020 market and she proved it.

  9. This woman is delusional, scary to think she's managing other people's money. The same woman who values Tesla at $4000. If you think it's bad now, wait until she starts selling.

  10. Cathie please sell DKNG! you are killing the stock. Let it go so it can run. You know Goldman is after you.

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