With inflation zooming to a multidecade high in June, blue chip stocks, not growth stocks, are in high demand. Savvy investors who know their history, however, recognize that market downturns ease and stocks climb agastocks, including those sitting in Cathie Wood's exchange-traded funds (ETFs), especially have the potential to provide market-beating returns in the long run.

But which names to choose? There are hundreds of tickers found in Cathie Wood's ARK ETFs. Let's simplify the possible selections by taking a look at three names, Joby Aviation (NYSE: JOBY), Magna International (NYSE: MGA), and Nano Dimension (NASDAQ: NNDM), that can provide whopping returns that outpace the overall market.

Occupying space in the ARK Space and Innovation ETF, Joby is working to revolutionize how people move from place to place. Using electric-powered aircraft that take off vertically, Joby will provide a novel type of ridesharing service to customers that allows four passengers to travel up to 150 miles. Having recently received an important certification (Part 135 Air Carrier Certificate) from the Federal Aviation Administration in May, Joby expects to commence operations of its air taxi service in 2024. But it's not only in the U.S. where Joby hopes to take flight; the company is also in communication with regulatory agencies in the United Kingdom, South Korea, and Japan.

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Source Fool.com