저자: 미상 · 외국인
요약 보기
결론: 캐시 우드의 ARK 상위 10개 보유 종목은 적자·고부채 구조라 위험이 크므로 투자하지 말라는 주장. 영상은 가치투자와 달리 ARK의 혁신 기업들은 수익성 없는 '검증되지 않은 모델'이라고 비판한다. 상위 10종목 중 Twilio(TWLO, 비중 3.9%)는 1년간 약 70% 하락, 고점 대비 85% 이상 하락했으며 수익성 회복 신호가 없다고 평가. Teladoc Health(비중 4.55%)는 1년간 -58%, 고점 대비 90% 이상 하락했고 고부채·주식발행 증가·무수익으로 과대평가라고 주장. Coinbase(비중 4.55%)는 2021년 잠깐 흑자였으나 수익성이 붕괴했고 1년간 -70%, 고점 대비 -83%. Shopify(비중 5.27%)는 1년간 -45%, 고점 대비 -70%. UiPath(비중 5.35%)는 1년간 -57%, 고점 대비 -80% 이상. Block(비중 5.76%)은 1년간 -30%, 고점 대비 -70% 이상. Roku(비중 6.49%)는 1년간 -66%, 고점 대비 -90%. Exact Sciences(비중 7.5%)는 1년간 +18%로 상위권 중 최고 성과지만 고점 대비 -57%. Zoom(비중 8.34%)은 1년간 -47%, 고점 대비 -87%. Tesla(비중 10.77%)는 1년간 -30%, 고점 대비 -50%이며 영상은 테슬라를 전기차·재생에너지 선도 기업으로 소개. 결론적으로 영상은 상위 종목 전반에 대해 '투자 비추천' 입장이며 면책 문구를 덧붙임. 영상에서 언급된 대상 자산 중 직접적인 가격 방향 예측 발언은 없음(종목 하락 과거 수치 설명 위주).
다듬은 글
In this video I’ll go through Cathie Woods top 10 Investments. Cathie is the founder of the ARK Innovations ETF which is the may ETF when it comes to more futuristic investments. Before we begin I must admit I am definitely not a fan of this type of investment approach. The companies that Cathie Wood invests in are not profitable and this stands against the value investing mantra which has proven to be the best when it comes to above market results over multiple decades.
The value investing methodologies are the essence of the Buffet, Lynch, Munger, Gratham, Graham and Dodd ways of investing. When a company has high debt and no profits like most of the companies in the ARK Innovations fund they can be called businesses with an unproven model. As any person with some sane logic let me ask you, is the risk high or low when we invest in companies which do not make a profit and have high debts.
Am I sure you instinctively know the answer and it is that the risk is much higher. As now I have stated that we can begin with the top 10 stocks of the portfolio, before I begin let me say that as always all is said with educational purposes and it is not meant to be taken as financial advice. The number 10 stock in the portfolio is Twilio with ticker TWLO.
It is a 3.9% share of the portfolio. Twilio Inc., together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.
The company was incorporated in 2008 and is headquartered in San Francisco, California. Over the past year the company has fallen by almost 70%. While since it's all time high it has fallen by more than 85%. This is the perfect example of a business which has an unproven business model. It does not have any sign of future upcoming profitability and it has high debt levels.
Although the first out of all top 10 investments it for sure is not the only one. The number 9 stock in his portfolio is Teladoc Health. The portfolio share is 4.55%. It provides virtual healthcare services in the United States and internationally. The company offers a portfolio of services and solutions covering non-urgent, episodic, chronic, and complicated medical conditions, including diabetes, hypertension, chronic kidney disease, cancer, congestive heart failure, and mental health conditions.
Over the past 1 year the stock has fallen by -58% Since it's all time high the stock has fallen by more than 90%, which shows again another stock which still for me is considered to be incredibly overvalued, as it has high debt, high share issuance and no profitability. The 8th top stock is Coinbase Global, Inc.
provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment.
Coinbase is again a 4.55% share of the portfolio. For a brief moment during 2021 the company was profitable and actually it had quite a good profitability ratio in comparison to its price, but since that time over the past 1.5 years the company’s profitability has eroded completely. In the case of Coinbase over the past 1 year the stock has fallen by 70%.
Since it's all time high the stock has fallen by 83%. The 7th biggest stock position is Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The stock position size equates to 5.27%.
Over the past 1 year the stock has fallen by 45%. Since it's all time high the stock has fallen by 70%. The 6th biggest stock position is in UIPath with a 5.35% share. UiPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan.
The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Over the past 1 year the stock has fallen by 57%, but since it's all time high the stock has fallen by more than 80%. The 5h biggest stock position is in Block with a 5.76% share.
Which was previously called Square. Block, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa.
The stock has fallen by 30% over the past 1 year, but yet again it is another stock which has fallen with a massive percent since its all time high. In this case the fall equals 70+%. The forth stock position is in Roku with a 6.49% allocation. Roku, Inc., together with its subsidiaries, operates a TV streaming platform.
The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts. It also provides digital and video advertising, content distribution, subscription, and billing services.
Over the last 1 year the stock has fallen by 66%, but over its all time high the fall is 90%. The third top stock is Exact Science. Exact Sciences Corporation provides cancer screening and diagnostic test products in the United States and internationally. The company offers Cologuard, a non-invasive stool-based DNA screening test to detect DNA and hemoglobin biomarkers associated with colorectal cancer and pre-cancer.
The stock over the last 1 year is 18%, which is the best performing stock in the top positions of Cathie Wood, but since it's all time high it has fallen by 57%. It is a 7.5% share of the portfolio. The second biggest position is Zoom with a 8.34% share. Zoom Video Communications, Inc. provides unified communications platforms in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
The company offers Zoom Meetings that offer HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems. The fall is -47% over the past 1 year but since it's all time high the fall is 87%. We are coming to the top 1 stock which of course for Cathie Wood and ARK Invest this is Tesla which is the only stock with above a 10% share, 10.77% to be precise.
Tesla is the leading EV maker and the leader in renewable energy tech. Over the past 1 year its stock is down by 30%, while from it's all time high it is down by 50%. All in all as a conclusion I must say that I would not invest in any single of these top 10 stocks as the risk for me is incredibly high, and I caution everybody who is thinking of investing in highly unprofitable companies.
For proper stock analysis videos make sure to watch my other videos here on the channel, goodbye for now and until next time.
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