Forget Electric Cars: Is ARKK's Tesla Future in Software?
Surging Treasury yields are weighing on growth fare, including Tesla and the ARK Innovation ETF (NYSEArca: ARKK), but this recent run of weakness could give way to opportunity with the electric vehicle maker and the famed exchange traded fund. “Companies within ARKK include those that rely on or benefit from the development of new products or services, technological improvements and advancements in scientific research relating to the areas of DNA technologies (‘Genomic Revolution’), industrial innovation in energy, automation, and manufacturing (‘Industrial Innovation’), the increa...
Source: etftrends.com