Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood began 2023 with a bang. She's hoping to end it that way, too. The co-founder, CEO, and ace stock picker for the Ark Invest family of exchange-traded funds was busier than usual on the final trading day of last week. What's she buying now?
Wood added to her existing stakes in Toast (NYSE: TOST), Unity Software (NYSE: U), and The Trade Desk (NASDAQ: TTD) on Friday, part of the five established positions that she was buying. Let's take a closer look.
Toast has given its investors some indigestion this month. The shares are down 18% since the company posted poorly received third-quarter results on Nov. 7. The popularity of Toast as a point-of-sale platform for restaurants is booming. It served up $33.7 billion in gross payment volume for the quarter, a healthy 34% increase over the past year.
Source Fool.com
