Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
After back-to-back years of crushing returns, Cathie Wood and the Ark Invest family of exchange-traded funds (ETFs) she runs are bouncing back in 2023. Her most popular ETF is up 5% after the first five trading days of the year. It may not seem like a lot, but Wood is beating the market for a change.
Ark Invest went shopping on Monday, adding to some of Wood's hardest-hit stocks. Adobe (NASDAQ: ADBE), Tesla (NASDAQ: TSLA), and Global-e Online (NASDAQ: GLBE) are three of the existing positions that she added to on Monday. Let's take a closer look.
You don't need Photoshop to make Adobe look good. It is an unfiltered portrait of steady growth, recently wrapping up its eighth consecutive fiscal year of double-digit revenue growth. A healthy trickle of subscription revenue will work that kind of smoothing magic.
Source Fool.com
