2 Growth Stocks ARK Investment Bought Last Week — Should You?

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In today’s video I look at fundamentals and recent news for Kanzhun (NASDAQ:BZ) and Vuzix (NASDAQ:VUZI). ARK Investment has recently purchased these two growth companies. Below I share a few highlights from the video. 

  1. Vuzix smart glasses sales are up 177% year over year. A strong reason for the growth can be the overall adoption of augmented reality (AR) tools available in the market today. In the video I discuss how software tools like Autodesk (NASDAQ:ADSK) and Unity (NYSE:U) could be accelerating the adoption of AR content.
  2. During the weekend it was reported that the Cyberspace Administration of China is currently reviewing Kanzhun. During the review period, new user registration has been suspended. ARK Investment had been purchasing this company before the news, and it is unknown how the investment firm will handle the situation.
  3. Vuzix and Kanzhun have a strong balance sheet with substantial cash and short-term investments and no debt. 

Click the video below for my full thoughts and analysis. 

*Stock prices used were the closed prices of July 2, 2021. The video was published on July 5, 2021.

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