When a stock falls out of favor with the general investment community, famous investor Cathie Wood often gives it a second look -- and if the company happens to be an innovator with great long-term potential, she'll jump right in. This strategy has worked for the chief executive officer of Ark Invest, helping her to scoop up top quality players for bargain prices.

Last year, Wood's benchmark Ark Innovation fund climbed 67%, beating the S&P 500. But that may be just the beginning. Wood counts on holding onto her top picks for the long haul to maximize gains. And this past week, she went on another shopping spree, picking up three bargain stocks that could roar higher.

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Source Fool.com