Seeking Alpha 2021-11-28 22:50:56

SA readers bullish on Avalanche, Niccolo de Masi; trim holdings of Cathie Wood's genomics ETF

The King of SPACs drew attention last week, as Niccolo de Masi's pending deal to take Planet Labs public generated significant interest among SA readers, according to a review of proprietary data of portfolio adds and removals. Meanwhile, cryptocurrencies remained a hot asset class as well. This was especially true of Avalanche (AVAX-USD), as a new high brought many readers to the Ethereum competitor. Crypto.com (CRO-USD) also found converts, as its continued marketing campaign widened its name recognition. SA readers also snapped up recent IPOs, like WalkMe (NASDAQ:WKME), Sweetgreen (NYSE:SG) and GlobalFoundries (NASDAQ:GFS). On the other side of the spectrum, Cathie Wood met with some skepticism last week. More SA readers chose to dump her ARK Genomic Revolution Multi-Sector ETF (BATS:ARKG) than picked it up. Niccolo de Masi and Planet Labs Buzz has been building about the pending public debut of Planet Labs, which is slated to join the Wall

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