3 Cathie Wood Stocks to Buy and Hold for the Long Haul
Ark Investment Management CEO Cathie Wood is often regarded as Wall Street's most bullish technology investor. She manages a group of nine exchange-traded funds (ETFs) focused on various areas of innovation, from financial technology to space exploration.
Those funds have been clobbered amid the broader market sell-off. The flagship Ark Innovation ETF (NYSEMKT: ARKK) has tumbled 75% from its all-time high, but many of the individual stocks it holds still have remarkable long-term potential. Three Motley Fool contributors have identified Unity Software (NYSE: U), Roku (NASDAQ: ROKU), and Nvidia (NASDAQ: NVDA) as some of the best Cathie Wood picks of the bunch to buy now and hold. Here's why.
Anthony Di Pizio (Unity Software): Video games are now among the most popular forms of entertainment globally -- the industry was worth over $180 billion in 2021. And mobile gaming now accounts for more than half of that value thanks to today's powerful smartphones, which allow players to access their favorite titles from almost anywhere. New titles are published constantly as developers reach for a piece of that massive pie. But when everyone's digging for gold, the most lucrative business opportunities often lie in selling shovels, and Unity Software does just that -- providing the world's leading suite of development tools for game creators.
Source Fool.com
