2 Cathie Wood Stocks That Are Major Bargains
ARK Invest and Chief Executive Officer Cathie Wood have had a rough year. The company's ARK Innovation (NYSEMKT: ARKK) exchange-traded fund (ETF) skyrocketed in 2021, peaking in February. Since then, however, this ETF has crashed, and it is now down about 64% from those all-time highs. Additionally, the ETF is just 20% above its price three years ago.
But Cathie Wood is a visionary investor, and she has simply fallen victim to market volatility that has rocked nearly all tech stocks. Wood is still investing for the long term, however, and her funds have been aggressively buying some of their favorite companies at major discounts.
These two companies in particular are leaders in their respective industries, and while short-term headwinds might slow growth in the coming year, the next decade looks very bright for both. Wood has been loading up on Coinbase Global (NASDAQ: COIN) and Roku (NASDAQ: ROKU), and you might want to follow suit.
Source Fool.com
