Investors hunting for bargains in the stock market’s carnage are scooping up shares of an old favorite: Cathie Wood’s ARK Innovation exchange-traded fund. Many analysts say they expect conditions will remain difficult for stocks like those in the ARKK fund. Even after falling sharply, some ARKK holdings still carry lofty valuations. For other ARKK holdings that aren’t yet consistently profitable, price-to-earnings ratios can’t be tracked. Financial advisers say some investors are interested in picking up shares of the ARKK fund at what look like bargain prices compared with the previous two years.

Source: Wall Street Journal June 05, 2022 13:00 UTC