Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Iconic growth investor Cathie Wood is hoping to bounce back this year. The largest of her funds at Ark Invest -- where she's a co-founder and CEO -- is down 7% this year, a contrast to the markets trading slightly higher in 2024. She's not standing still but rather continuing to make opportunistic buys and sells across her portfolios.
Wood bought shares of Palantir Technologies (NYSE: PLTR), Teladoc (NYSE: TDOC), and (NASDAQ: ROKU) on Tuesday, building up some of her largest positions. Palantir has slipped a bit since hitting a two-year high last month, but Teladoc and Roku are trading well below their earlier peaks. Let's take a closer look at these three purchases.
Palantir was one of last year's biggest market gainers, and it didn't slow down in early 2024. The software developer for the intelligence community saw its stock nearly quadruple in the 14 months through the end of February. The shares would go on to hit a fresh two-year high in early March, but Palantir is now trading lower for the second month in a row.
Source Fool.com
Roku Stock
Currently there is a rather positive sentiment for Roku with 26 Buy predictions and 7 Sell predictions.
With a target price of 93 € there is a hugely positive potential of 69.34% for Roku compared to the current price of 54.92 €.
