1 Cathie Wood Stock Crushing the Market That's a Screaming Bargain Right Now

Renowned investor Cathie Wood -- the founder, chief investment officer, and CEO of asset management firm Ark Invest -- is a widely followed figure on Wall Street thanks to her focus on finding disruptive companies that could change the world.

(NYSE: TWLO) is one such company that has found a place in Cathie Wood's portfolio. It is the 11th-largest holding in the ARK Innovation ETF, accounting for 4% of the fund's holdings. The fund invests in companies capable of disruptive innovation, and it is not surprising to see Twilio find a place in it given the way it is changing the contact center industry. What's more, Wood has been buying more shares of Twilio since May, taking advantage of the fact that it still sports an attractive valuation despite its solid gains in 2023.

Shares of the company have gained an impressive 25% in 2023, outpacing the S 500's gains of 13%. Let's look at the reasons why this cloud stock is headed higher, and why buying it is a no-brainer right now.

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Source Fool.com