Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood hit the new trading week running. The Ark Invest co-founder, CEO, and chief stock picker added to seven of her existing positions on Monday. She didn't sell a single stock.
What is she buying right now? Three of the names that I find interesting are Block (NYSE: SQ), Markforged (NYSE: MKFG) and Archer Aircraft (NYSE: ACHR). What does Wood see in these three growth stocks that are trading well below their previous highs? Let's take a closer look.
There hasn't been a lot of love for fintech stocks in general and Block in particular. The parent company of Square and Cash App finds its shares trading 85% below the all-time high it hit more than two years ago. Most analyst updates have been disappointing as Wall Street pros cut their price targets on the way down or justify the pessimism that's coating the sector. Block caught a break last week.
Source Fool.com
