Every week Cathie Wood, Ceo of Ark Invest, shares her weekly commentaries with investors about the performance of stocks and the strategies ARK Invest goes forward within transacting stocks of companies.

Skillz (SKLZ)

   27%

On Wednesday, Skillz (SKLZ) jumped 27% after announcing a deal to buy Aarki, an ad-tech demand-side platform (DSP), for $150 million in cash and equity. Aarki uses machine learning algorithms and data engines to assist advertisers in maximizing client reach and acquisition in over 5 trillion advertising auctions per month. This strategic acquisition should help Skillz achieve its worldwide expansion goals, given Aarki's exposure to the United Kingdom, India, and South Korea. We expect the transaction will cut Skillz's user acquisition expenses and boost the monetization of existing monthly active users by reducing its reliance on third-party DSPs to reach new consumers (MAUs). Skillz is a popular mobile games platform that allows players to compete in esports. Skillz runs billions of casual esports competitions each year using their patented matchmaking algorithm.

DocuSign (DOCU)

    19%

DocuSign (DOCU) rose 19 per cent on Friday after posting solid earnings, exceeding revenue and profitability estimates, and expanding second-quarter and fiscal-year forecast.

The company appears to be gaining headway in foreign markets. Through its Agreement Cloud product is still in its early stages of adoption, we are optimistic that the COVID-induced shift to electronic agreements will not be a one-time event.

Our faith in the company has been boosted by additions to the management team and clear strategic roadmaps.

DocuSign provides cloud-based e-signature and workflow automation, AI-powered analytics, and lifecycle management solutions.