3 Cathie Wood Tech Stocks Down 25% That I'd Still Buy
As the founder, CEO, and lead portfolio manager for ARK Invest, Cathie Wood is one busy person. Wood has excelled in each of these roles, and was named the best stock picker in 2020 by Bloomberg News. Last year, Ark's flagship ARK Innovation ETF trounced the greater market by posting a mind-boggling 148% return.
A return to the mean was always likely, and ARK Innovation is slightly in the red year to date and down 20% from highs established in February. Investors have rotated to value stocks like banks and energy, and sold disruptive technology stocks Wood favors.
However, that hasn't changed Wood's long-term focus, and she's doubled down on many names. Here are three growth stocks from her portfolio down 25% (or more) from their 52-week highs that are positioned for long-term success.
Source Fool.com
