Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood kicked off the new trading week looking to shake things up. The co-founder and CEO of Ark Invest added to 11 of her existing positions. She's had a rough start to 2024, but anyone who saw her breakthrough performance in 2020 knows that you never count Wood out.
Wood bought shares of Palantir Technologies (NYSE: PLTR), Meta Platforms (NASDAQ: META), and (NASDAQ: QCOM) on Monday, building up some of her largest positions. Let's take a closer look at these three purchases.
One of last year's hottest stocks got off to a strong start through the first two months of 2024. Palantir was nearly a four-bagger in those 14 months, up a wealth-altering 291%. With shares of the software developer for the intelligence community moving lower for the second month in a row, Wood is a buyer.
Source Fool.com
Qualcomm Inc. Stock
The stock is one of the favorites of our community with 36 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 178 € is below the current price of 181.7 € for Qualcomm Inc., so the potential is actually -2.04%.
