Cathie Wood Can’t Stop Buying SoFi Stock. Should You Buy It Too?
Cathie Wood became an investing hero when her exchange-traded funds (ETF) that focus on disruptive technology stocks zoomed higher early in the pandemic, outperforming the market and delivering incredible gains for shareholders.
That changed in the bear market when investors dumped growth stocks and ran toward safe stocks. But as the market has swung back firmly into bull territory, many of Ark Invest's funds are outperforming again.
Ark has been scooping up shares of digital bank SoFi (NASDAQ: SOFI) stock recently, adding more to two of its ETFs. Should you follow Cathie Wood's lead?
Source Fool.com
