Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

Tuesday was a good day for the kind of growth stocks that Cathie Wood likes to buy. The co-founder and CEO of ARK Invest saw her largest exchange-traded fund (ETF) soar 9% on the first trading day of the holiday-abridged trading week. She also added to some of her beaten-down positions.

ARK Invest added to her stakes in Twilio (NYSE: TWLO), Velo3D (NYSE: VLD), and Coinbase Global (NASDAQ: COIN), stocks that are down 78%, 89%, and 84%, respectively, from their 52-week highs. Let's see why she added to her positions in all three investments on Tuesday.

Image source: Getty Images.

Continue reading

Source Fool.com