Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
ARK Invest is hoping that 2022 is more like 2020 and less like last year. Cathie Wood -- the CEO, chief investment officer, and founder of ARK Invest -- became a rock star among growth stocks with monster returns two years ago. But the ARK Invest family of exchange-traded funds (ETFs) lost sorely to the market in 2021.
A neat thing about ARK Invest is that it publishes its buys and sells daily a few hours after the market closes. What is Wood buying these days? Is she trying to take advantage of last year's decline in many of her disruptive growth stocks to build up larger positions?
DraftKings (NASDAQ: DKNG), Coinbase Global (NASDAQ: COIN), and Robinhood Markets (NASDAQ: HOOD) are trading 65%, 45%, and 81% below last year's all-time highs, respectively. ARK Invest added to all three positions on Wednesday. Let's see why Wood likes these three former darlings now.
Source Fool.com
