Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Some of the market's hottest growth stocks have been correcting sharply since mid-February, and Wednesday was another rough day for some former highfliers. As investors kept rotating out of disruptive tech stocks, one notable growth investor was catching the falling shares.
Cathie Wood was buying the dip on Wednesday, adding to several of her positions across ARK Invest's high-octane exchange-traded funds (ETFs). Peloton Interactive (NASDAQ: PTON), Skillz (NYSE: SKLZ), and Teladoc Health (NYSE: TDOC) were among her purchases despite surrendering as much as 15% of their value on Wednesday. Let's see why she may be on to something with all three stocks.
Image source: Peloton.
Source Fool.com
