Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
It's been a bit of a tough year for Cathie Wood, the maverick fund manager and chief of Ark Invest. She forged a reputation as a risk taker and won a lot of followers over the years -- and some naysayers. This was in part due to her penchant for huge claims, like her $2.3 million price target for Bitcoin, and in part because of her track record over the last few years.
Wood's flagship fund, the Ark Invest Innovation ETF, missed out on much of what has been the defining innovation of the last few years, artificial intelligence (AI). She was an early skeptic on Nvidia and a huge proponent of . Ark's flagship ETF is down roughly 19% in 2024, while the Nasdaq Composite is up more than 13% in the same time period.
Just because Wood hasn't done a stellar job picking stocks recently doesn't mean her streak will continue. Her run in 2021 was pretty impressive. And maybe that Tesla bet really will pay off someday.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 28 Sell predictions.
With a target price of 248 € there is a positive potential of 30.02% for Tesla Inc compared to the current price of 190.74 €.
