Got $500? Consider These 2 Cathie Wood Bargain Stocks
Cathie Wood's reputation has been tarnished a bit since her exchange-traded funds performed weakly over the past two years. She rose to investment management stardom at the beginning of the pandemic when her tech-focused funds skyrocketed in value, but she hasn't changed her approach to investing even as tech and growth stocks have plummeted.
The Fintech Innovation Fund (NYSEMKT: ARKF), for example, is down 70% over the past year, and the decline in price completely wiped out the high gains it posted in 2020; it's down 28% over the past three years.
Wood buckled down on her insistence that these stocks are the future of the economy and will recover, offering fabulous wealth generation potential. Whether or not you agree with her assessment, some of her stocks look like great deals right now. I would put Shopify (NYSE: SHOP) and MercadoLibre (NASDAQ: MELI) on your shopping list.
Source Fool.com
