3 Top Stocks Cathie Wood Couldn't Stop Buying Last Week
Last year, Cathie Wood was able to break away from the pack. The founder and CEO of ARK Investment Management made a name for herself when her five flagship exchange-traded funds (ETFs) crushed the returns of the broad market, each returning more than 100% during 2020. Her focus on emerging technologies and disruptive companies has fueled impressive results, attracting a cult-like following for the fund manager.
Since mid-February, however, the tide has turned and technology stocks have fallen out of favor as investors searched for companies that would benefit from the ongoing pandemic-related recovery. The tech-heavy Nasdaq Composite initially climbed more than 9% to start the year, before giving back all of those gains -- and then some. Since then, some of Wood's favorite stocks have been selling at a significant discount.
Let's take a look at the stocks Cathie Wood was scooping up last week as many technology issues continued to languish.
Source Fool.com
