Cathie Wood Is Buying Disney Stock and Maybe You Should, Too
ARK Invest is as transparent as investment management firms go, and the same can be said about founder and ace stock picker Cathie Wood. The firm publishes nightly reports of all of the buys and sells Wood completed earlier in the day, and sometimes a name jumps out at you.
ARK Invest bought shares of Walt Disney (NYSE: DIS) on Monday, impressive largely because Wood hadn't nibbled on the House of Mouse in nearly two months. With the stock pulling back after a poorly received quarterly update last week, one can argue that Wood is being opportunistic. Let's see if you should follow suit.
Image source: Walt Disney.
Source Fool.com