Cathie Wood Goes Bargain-Hunting: 3 Stocks She Just Bought

Cathie Wood is making the most of the resurgence in growth stock investing. The CEO, founder, and chief investment officer of Ark Invest made some portfolio moves to kick off the new trading week, and she's not afraid to show her receipts.

The more interesting additions to her portfolio on Monday were UiPath (NYSE: PATH), Velo3D (NYSE: VLD), and Coinbase Global (NASDAQ: COIN). Let's look a closer look at why she added to the three existing portfolio positions.

There are plenty of reasons why companies are turning to robotics and automation to get work done these days. The rising cost of human labor, hiring challenges, training learning curves, and shutdowns when too many people get sick are speeding up the migration to high-tech automated solutions. UiPath is a leading provider of enterprise software for companies looking into workforce automation. 

Continue reading


Source Fool.com