ARK Invest's Stock Trades; Edelman Warns on Crypto ETFs
Key Takeaways
- ARK Invest bought Shopify, Illumina; sold Palantir, Natera on 2025-05-10.
- Edelman warns retail investors against crypto ETFs, especially leveraged ones.
- Debate: Fed rate cut too slow? Trump criticizes Powell's 'no rush' stance.
- Flex CEO Revathi Advaithi sold $5.03 million in shares.
- Softbank Group Capital sold $9.8M in Lemonade shares.
Top Stories
Cathie Wood's ARK bought Shopify, Illumina; sold Palantir, Natera
On 2025-05-10, Cathie Wood’s ARK Invest bought shares of Shopify and Illumina, while selling shares of Palantir and Natera.
Edelman warns against crypto ETFs for retail investors
On 2025-05-10, Edelman cautioned that most retail investors don't understand crypto ETFs, particularly leveraged ETFs with daily resets, which he likened to buying a lottery ticket.
Fed rate cut debate: Too slow or no rush?
On 2025-05-10, Joseph LaVorgna (SMBC Nikko Securities) suggested the Fed isn't forward-looking enough regarding rate cuts. Following the Fed's decision to hold rates, Trump criticized Jerome Powell, while Krishna Guha (Evercore ISI) suggested Powell's 'no real cost to waiting' stance on rate cuts may be regretted.
Flex CEO Revathi Advaithi sells $5.03 million in shares
Softbank Group Capital sold $9.8M in Lemonade shares
Financial Market Insights
Investors warn of longer-term shift from dollar assets
Market Snapshot
Stocks rise on trade deal optimism despite export slump
On the morning of 2025-05-10, oil prices rose ahead of US-China trade talks, contributing to stock gains fueled by optimism around a potential trade deal, even as Chinese exports to the US slumped.
Stocks rose as Bank of England expected to cut rates
Company Spotlight
Shopify to join Nasdaq-100 Index on May 19
On May 09, 2025, it was announced that Shopify Inc. will join the Nasdaq-100 Index ® beginning May 19, 2025.
Sivers Semiconductors renews debt financing for growth
On 2025-05-10, Sivers Semiconductors announced the renewal of its debt financing with a U.S. Headquartered Bank to support its growth strategy.
Investment Strategies
Glass Lewis supports Elliott's board change case at Phillips 66
Executive Moves
Red Violet CIO Jeffrey Dell sold $231,018 in stock
ServiceNow president and CFO sells $287,620 in stock
OSI Systems CHRO sells $154,724 in stock
On 2025-05-09, the Chief Human Resources Officer of OSI Systems sold $154,724 in stock.