📈 Ark's Favorite Growth Stock

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Good Morning!

We've got the scoop on Bitcoin cozying up near $41K after a surprise 8% drop kicked off the week—talk about drama! And then there's Oracle, taking a tumble of over 12% thanks to a pesky revenue miss in their Q2 report. Cloud sales didn't quite make the cut either.

But wait, there's a ray of hope shining through—Cathie Wood's Ark Invest has a hot tip! They're predicting a whopping 435% surge for a top-notch growth stock.

Grab your Starbucks Venti Latte and let's get into it! ☕️👇️
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Markets

The Fed Takes Center Stage (5 minute read)
Today at 2 PM ET, the Fed's wrapping up its much-anticipated December pow-wow. While the Fed's likely to keep the Fed funds rate as is, the grapevine's buzzing about them maybe hinting at rate cuts in 2024. Cue the big question: how many cuts are we talking next year? According to the CME Fed Watch Tool, folks are eyeing 4 to 5 cuts in the next 12 months.

If the Fed throws a curveball with new comments or projects fewer cuts, it might just rock the boat for the stock market, which has been riding high lately. Buckle up, the rollercoaster might be in for a twist or two!

Investing

Bitcoin Consolidates Near $41K After 8% Drop Kicks Off Weekly Trading (2 minute read)
Bitcoin? Still kicking it, up a whopping 150% for the year! Picture this: Bitcoin, after a chilly dive of 8%, huddled close to that $41,000 mark on Wednesday. Why the dip? Well, seems like folks decided it was time for a bit of profit-taking after the recent hype around the super-cool spot Bitcoin ETF. BTC stepped back from its recent peak of $44,700, but let’s not sweat it too much – that's still the highest it’s been since April 2022. So, if you hopped on the Bitcoin train early this year, no need to stress. It’s still strutting its’ 150% gain, leaving most other big-shot assets in the dust!

Oracle Stock Tumbles Over 12% on Fiscal Q2 Revenue Miss, Cloud Sales Hit (1 minute read)
Oracle’s cloud unit took a 29% sales hit in the last quarter, and the cloud infrastructure? Ouch, that saw a whopping 66% decline. No wonder Oracle's stock (ORCL) took a bit of a nosedive, down 12% on Tuesday. Surprise, surprise! Their fiscal second-quarter earnings didn’t quite match up to the market's expectations, missing the mark on revenue and net income for the second time in a row. But hey, here's a silver lining – despite this stumble, the company’s still up 20% for the year.

1 Top Growth Stock to Buy Before it Soars 435%, According to Cathie Wood's Ark Invest (5 minute read)
Cathie Wood, the brain behind Ark Invest, is all in on Block in the fintech realm. She's waving the bullish flag, foreseeing a potential 435% upswing for Block shareholders by 2025. What's got them excited? Block, under CEO Jack Dorsey, is doing some serious expansion magic with Square and Cash App. And guess what? Dorsey’s feeling a growth spurt coming along. Even better, Block's shares are sitting at a pretty reasonable valuation considering the growth plans management's tossing around. Looks like they're paving the way for some exciting times ahead!

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