3 Cathie Wood Stocks That Could Deliver Superior Returns
Cathie Wood's ARK Invest group of exchange-traded funds lost substantial value in 2021, but it's not hard to see why. The famed stock investor's funds are heavily invested in growth stocks, and there has been a steady flight of money out of high-flying growth stocks into value stocks in recent months.
Cathie Wood, however, remains unperturbed and continues to buy shares in disruptive companies. Wood has, in fact, often stressed, especially during volatile times like these, how ARK Invest invests with a five-year investment horizon in mind and how it takes advantage of market corrections to buy strong conviction stocks. Given the long-term focus and the underlying growth catalysts, here are three solid Cathie Wood stocks that could deliver big returns over time.
Shopify (NYSE: SHOP) shares have been hammered and are down a whopping 41% in 2022 alone so far, as of this writing. Aside from the broader market pressures, critics have also raised concerns about decelerating growth at Shopify. The thing is, e-commerce boomed during the COVID-19 pandemic as more people bought goods and services online, and many fear Shopify may not be able to sustain its growth momentum as the world returns to normalcy. Granted, Shopify said last quarter it expects revenue in 2021 to grow at a slower pace as compared with 2020, but that still doesn't justify the sharp drop in the stock price.
Source Fool.com
