Cathie Wood Goes Bargain Hunting With These 3 Stocks
During the final months of 2021, the stock market witnessed significant selling activity in many growth companies, particularly in the technology sector. These sell-offs were driven by factors including slowing growth in stay-at-home stocks, lingering fears of inflation, and tax loss harvesting. As valuation multiples have compressed, it's become increasingly challenging for investors to navigate which stocks may be worth exploring for 2022.
Cathie Wood, the CEO of ARK Invest, has made a name for herself for making bold predictions about high-growth, innovative technology companies. As the sell-offs continue into 2022, Wood has shown her conviction as she's been increasing positions in three companies in particular.
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Source Fool.com
