Said another way, next week could be a big one for ARKK and ARKW with Apple delivering quarterly results on Jan. 27 followed by Alibaba and Amazon on Jan. 29.
ARKW “invests in companies that are transforming every sector of the economy, thanks to Internet enabled innovation. These changes cut across sectors and are accelerating thanks to social, mobile, and local technological breakthroughs, which are transforming consumer and business behavior,” according to New York-based ARK Investment Management.
In addition to the aforementioned 5.8% weight to Netflix, ARKW’s combined weight to Amazon, Apple and Alibaba is 12.4%. As of Jan. 21, ARKK allocated a combined 9.6% of its weight to Amazon, Apple and Alibaba, on top of the almost 5% weight to Netflix. [ETFs for Game-Changing Stocks]
ARK Web x.O ETF
Tom Lydon’s clients own shares of Apple. Todd Shriber owns shares of Alibaba.