3 Bargain Stocks Cathie Wood Loves
When Cathie Wood makes big stock purchases the market pays attention. The well-known investor has a long track record of picking disruptive companies that have high growth potential. Now that the market is down, some of those stocks are looking like good values. Three of her holdings stood out to me.
Zoom Video Communications (NASDAQ: ZM) accounts for 8.9% of ARK Innovation ETF's (NYSEMKT: ARKK) portfolio, Block (NYSE: SQ) makes up 5.4%, and Coinbase (NASDAQ: COIN) is 3.5% of what the ETF holds. Here's why I like these as not only growth stocks, but also as value stocks.
I have not been a fan of Zoom Video Communications stock for most of the past three years. But with the stock trading 87% off all-time highs, the sell-off seems a little overdone. You can see below that Zoom's net income fell over the past year, which is understandable given much of the world has reduced pandemic restrictions. But the company is still profitable and it's still growing.
Source Fool.com
