ARKK News and Press, ARK Innovation From 06/25/24

2024-06-25 12:50:00 ET Summary Is the breadth of the rally narrowing? Why industrials may be the generals of the current market rally. Market breadth narrowing, but still in a two-year bull market cycle. Is tech the only sector driving the market rally? U.S. mark...

2024-06-25 11:12:13 ET More on Ginkgo Bioworks Holdings Ginkgo Bioworks: Massive Revenue Warning Ginkgo Bioworks: Broken Narrative Ginkgo Bioworks Holdings, Inc. (DNA) Q1 2024 Earnings Call Transcript Ginkgo slips as BTIG cuts to Sell on strategic shift ...

2024-06-25 09:55:00 ET Summary In April 2024, the AIER Business Conditions Monthly Leading Indicator rose back to the expansionary levels where it has lingered since November 2023. The Roughly Coincident Indicator declined to 67, its lowest reading in six months. The Lagging I...

2024-06-25 09:05:00 ET Summary The line between AI opportunity and AI washing is neither clear nor fixed. However, there are some signs the golden age of AI washing is slowing from the spin cycle - coming to an end. Tempus AI’s IPO may be the latest signal that the AI w...

2024-06-25 08:50:00 ET Summary Goldman Sachs recently upped its price target to S&P 6300 for the end of this year, along with Evercore ISI upping its year-end target to 6000. Valuation contractions happen during recessionary and bear market periods. A bullish scenario enti...

2024-06-25 08:10:00 ET Summary The US labor market may be at an inflection point. The high-flying Nvidia has fallen 13% in the past three sessions coming into today. Gold is little changed near $2333 and its trading in the upper end of yesterday's narrow range. Ove...

2024-06-25 07:35:00 ET Summary The future for dividends to be paid during the remainder of 2024 by the firms that make up the S&P 500 dimmed since our previous update. This negative change in expectations took place during the past week, in the days ahead of the effective end ...

2024-06-25 02:40:00 ET Summary The big news last week was that the Commerce Department reported that retail sales rose by only 0.1% in May, below the analysts’ consensus estimate of 0.3%. Like the G7 conference in Italy, the recent Ukrainian peace conference in Switzerland ...

2024-06-25 01:40:00 ET Summary I am beginning to wonder what will happen in a German federal election, due no later than October 2025, if the AfD continues to rise. The German DAX and the French CAC 40 stock market indexes were closely correlated before investors got wind of the p...

2024-06-24 14:05:00 ET Summary While the market has gone up well above expectations in H1 and may be due for a normal pullback or healthy correction, earnings have been stellar, earnings growth well above expectations, and the markets are fully expecting an easing from the Fed, which ...