As bad a year as the Nasdaq Composite is having (it's down 31.6%), that's still nothing compared to Cathie Wood's Ark Innovation ETF (NYSEMKT: ARKK), which has collapsed 65%. The fund is full of growth stocks, which investors shunned in 2022, and many of the stocks in the ETF are at or near their lows. The Cathie Wood stocks I see as the most likely to make big comebacks next year include Roku (NASDAQ: ROKU), Teladoc Health (NYSE: TDOC), and CRISPR Therapeutics (NASDAQ: CRSP). Read More...
Motley Fool
Why CrowdStrike, Palo Alto Networks, and Fortinet Fell Today
Shares of cybersecurity software stocks CrowdStrike (NASDAQ: CRWD), Palo Alto Networks (NASDAQ: PANW), and Fortinet (NASDAQ: FTNT) were falling today, down 2.1%, 1.1%, and 1.3% as of 1:49 p.m. ET, even though the broader Nasdaq Composite was up by about 1.5% at that time. Yesterday, Palo Alto announced the closing of its acquisition of Cider Security, a leader in software application protection. On Tuesday night, cybersecurity peer BlackBerry had its fiscal third-quarter earnings report, in which management noted some caution in closing large cybersecurity deals in the near term, as sales cycles have become “elongated,” which is a fancy term for customers being slower to sign off on purchases.
