Before You Buy the Invesco QQQ ETF, Here Are 3 Others to Try First
The high-flying Nasdaq-tracking ETF isn't always the best choice for most investors.
The high-flying Nasdaq-tracking ETF isn't always the best choice for most investors.
OpenAI recently raised $6.6 billion in a new funding round, giving it a valuation of about $157 billion. One firm that has been investing in OpenAI is Ark Invest. Cathie Wood, ARK Invest's CEO and CIO, is betting big on AI. She says OpenAI, along with Anthropic, xAI, Google (GOOG, GOOGL), and Meta Platforms (META) are "stealing the march" in the space. While many investors are concerned about when companies will start seeing returns on their AI investments, Wood is hopeful. When asked about when OpenAI will start to turn a profit, she points to the development of agentic AI, which she thinks will open the door to more profitability, given that companies will be able to charge more for it. Despite some recent executive departures at OpenAI, Wood is confident in the startup's leadership, praising both CEO Sam Altman and CFO Sarah Friar. She notes that "what we witness in companies that are growing very quickly from startup into scaling is you need a different kind of management team." When it comes to competition between AI firms, Wood likes it. "Competition is good. It's going to make this space more competitive and more effective, I think, longer term," she says. On the possibility of a company like OpenAI going public, Wood argues "a lot of companies are staying private longer. They just don't want to deal with the regulation in the public equity markets. And they also don't want to deal with the very short-term oriented or short-term investment time horizon of shareholders in the public equity markets." However, she does think the public market could become more appealing with interest rates coming down and if investors were willing to stomach the longer-term time horizons some of these companies are working with. Watch the video above to hear Wood discuss Tesla (TSLA) and its upcoming robotaxi event. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich.
Chinese stocks jumped after China’s central bank announced a stimulus package last week. Yan Wang, Alpine Macro chief emerging markets & China strategist, joins Julie Hyman and Josh Lipton on Market Domination to discuss how investors should be thinking about this rally. Wang says the “flurry of measures [announced] over the past couple of days” make it “ even difficult for us to keep pace with” and show the central bank is “ in a state of panic. They are clearly feeling the pressure that the economy is in a very deep, very stressed level. So they want to try to push the economy to accelerate.” He notes that the recent stimulus announcement is an important step for China’s monetary policymakers because it signals “they no longer see massive stimulus as a taboo,” as it had been since the global financial crisis. “I think that's one of the reasons why they hesitated so much in the past couple of years, even though the economy was slowing down. So now, clearly, kind of what I call an ideological straight jacket has been taken off. So that would allow them to be more preemptive in driving the economy.” “They made the policy statement, and the market has responded,” Wang says, explaining, “We need to begin to monitor whether these kinds of policy measures will have some kind of positive impact on the economy. That's something that, as a strategist, I think we need to realize that whatever they announce is one thing, but also whether the economy is able to respond is quite another.” Wang says for investors looking to benefit "the best bet is just to buy the benchmarks. Buy the domestic benchmark (000300.SS, 930748.SS) and also buy the MSCI (MME=F)... because the rising tide will lift all boats.” He adds, "if I have to pick some sectors, I would say to buy the laggards, the sectors that have been really beaten down in the past couple of years. For example, consumer discretionaries, tech sector, even the property developers. They are trading at such depressed levels, I think they may benefit the most from this revolutionary process.” For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.
September interest rate cut by the Fed and expectations of further fall in 30-year mortgage rate paints an optimistic picture for the housing market, making investing in housing ETFs appealing.
Smart Beta ETF report for RSPF
An escalation in Middle East tensions stoked oil supply worries, building up positive momentum in the energy space.
China resurges while oil takes a hit due to increased output and waning demand.
The financial services giant has completed 12 mutual-fund-to-ETF conversions.
The September jobs report comes as investors debate whether the labor market is cooling quickly enough that the Federal Reserve will opt for a larger interest rate cut in November.
The U.K financial services regulator issued the payments provider a 166 notice late last year