When Non-Innovation Stocks Outperform Innovation Stocks. - News Summed Up

When Non-Innovation Stocks Outperform Innovation Stocks.


gettyWhat can you say about a time in which the non-innovation fund known as the Dow Jones Industrials outperforms hot shot innovation funds — and by far? After breaking above that early September resistance at 290, this Dow Industrials ETF has been making new high after new high. Here’s the ARK Innovation ETF daily price chart, for comparison’s sake:ARK Innovation ETF daily price chart, 3 13 21. stockcharts.comYou can see that the fund started the year at 125 and today is priced at 126. The General Motors daily price chart:General Motors daily price chart, 3 13 21. stockcharts.comIn January you could buy GM for 40 and today it’s reached 59. Here’s the Tesla daily price chart:Tesla daily price chart, 3 13 21. stockcharts.comThe beginning of the year price was 725 and now it’s at 693.


Source: Forbes March 13, 2021 18:22 UTC



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