3 Cathie Wood Stocks That Could Make Big Comebacks in 2023
As bad a year as the Nasdaq Composite is having (it's down 31.6%), that's still nothing compared to Cathie Wood's Ark Innovation ETF (NYSEMKT: ARKK), which has collapsed 65%. The fund is full of growth stocks, which investors shunned in 2022, and many of the stocks in the ETF are at or near their lows.
In some cases, the price drop could set these stocks up for big rallies and recoveries in 2023. The Cathie Wood stocks I see as the most likely to make big comebacks next year include Roku (NASDAQ: ROKU), Teladoc Health (NYSE: TDOC), and CRISPR Therapeutics (NASDAQ: CRSP). Let's find out a bit more about these three comeback-worthy stocks.
Shares of streaming company Roku are down 81% this year. The stock hit a new 52-week low this week as its tailspin doesn't look to be over just yet. It hasn't been trading at these levels since early 2019. The drop represents a massive overreaction in the markets, one that could set up Roku for a very low price point to start 2023 and a strong rally.
Source Fool.com
