2 Beaten-Down Cathie Wood Stocks That Could Be Bargain Buys for 2022
Cathie Wood knows growth stocks. And although some of her holdings aren't performing terribly well of late, that doesn't mean they have suddenly become bad buys. In the wake of interest rate increases possibly coming next year and COVID-19 cases spiking yet again, investors have put the brakes on growth stocks. The ARK Innovation ETF, which is synonymous with disruptive growth companies, has fallen 21% this year while the S&P 500 has jumped by 27%.
But the Innovation fund contains many top stocks that I wouldn't bet against over the long haul. Two of the most promising ones to consider as we head into 2022 are Teladoc Health (NYSE: TDOC) and DraftKings (NASDAQ: DKNG). At their current prices, these stocks could be bargains right now, and investors should take a close look as these levels might not last for long.
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