2 Beaten-Down Cathie Wood Stocks That Could Be Bargain Buys for 2023
Investors follow Cathie Wood because her favorite buys have led to big gains. Wood's flagship Ark Innovation ETF soared more than 500% from its 2014 debut through 2020. The famous investor's performance has suffered as of late because her picks tend to be cutting-edge growth companies -- which many have fled during the market downturn.
But Wood's short-term performance and these stocks' declines shouldn't scare us away. Wood bets on the long term, and so should we. Over time, the outlooks for her favorite companies look bright. And today, these beaten-down stocks are trading at bargain prices. That's why now looks like a great time to scoop them up. Let's check out two of these cheap buys for 2023.
Woods has been regularly snapping up shares of Teladoc Health (NYSE: TDOC) over the past month or so. And it's easy to understand why. The telemedicine leader is trading at a record low in relation to sales. That's after plummeting 74% last year.
Source Fool.com
