Palantir mit Börsengang

in commodities

By David Randall

NEW YORK (Reuters) - The sell-off in high-growth stocks since the beginning of the year does not signal the end to the tech rally that began during the coronavirus pandemic in 2020, said Ark Invest's Cathie Wood, whose ARK Innovation ETF was the top-performing U.S. equity fund last year.

Wood, whose flagship fund suffered its largest outflows on record last week, said in a webinar Tuesday that she sees spiking commodity prices as a sign that businesses are double or triple ordering supplies as they try to restart their global supply lines.

Fears of inflation have weighed heavily on growth stocks since the start of the year and helped bolster value stocks, which tend to benefit from rising commodities and higher interest rates. The Russell 1000 Value index is up 16.3% for the year, while the Russell 1000 Growth is up 3.9% over the same time.

"The scramble is more today than what we've seen in any other cycle," Wood said, predicting that "we will have a very serious correction in commodity prices" once the global economy fully reopens.

Deflation, rather than inflation, will likely be the dominant theme in global markets in the years ahead due to technological innovation, Wood said. Yields for the benchmark 10-year Treasury will likely stay within a range between 1.5% and 3%, she said, while oil prices are unlikely to go above $70 per barrel.

U.S. crude rose 0.5% to slightly more than $65 in midday trading Tuesday.

While the investor rotation into value stocks has been "powerful," high-growth stocks remain attractive, Wood said.

"kann man noch ergänzen um die ebenfalls nicht so völlig überzeugenden Antworten zu den Verkäufen vom CEO und zur Verwässerung durch das SBC"

Was genau findest du daran nicht überzeugend?

Die Verkäufe von Karp haben steuerliche Gründe, was genau ist da anzuzweifeln?

"Jason B. asks, why does Pop Karp keep selling its shares?"

"Jason, thanks for the question, and nice Pop Karp reference. We'll call him Alex here. So first off, Alex is one of our largest stockholders, but he has two large option grants that are expiring at the end of December that can't be extended. And so when he goes and exercises these options, it's going to create a very, very large stock build just to exercise in holding shares.

And as a result, we've seen tax motivated sales as well as many corresponding exercises for shares that he will continue to hold. And even after this, he'll continue to be one of our largest stockholders. If you're interested in the nitty-gritty, you can check our filings if you want more detail."

Die Begründung für die SBC fand ich ebenfalls einleuchtend.

"Dave Glazer -- Chief Financial Officer

Thanks, Louis. We have very low dilution when looking at a fully diluted share count. So far this year, our share -- fully diluted share count has increased less than two-tenths of a percent so really, really low. With respect to SBC, it will normalize over the next couple of years as we're working through this outstanding overhang.

And at the same time, when you couple that with the top-line growth, we're going to continue to make progress toward profitability."

Sarcos