Got $500? Consider These 2 Cathie Wood Bargain Stocks
Cathie Wood and ARK Invest haven't had a fantastic year. Year to date, shares of the staple ARK Innovation ETF (NYSEMKT: ARKK) have dropped over 50%. Over five years, the Innovation ETF is now only beating the market by 3%, whereas it was thumping it by roughly 400% in early 2021.
However, Wood is still doubling down on quality stocks. Some of these high-flying tech stocks might be out of favor now, but the businesses are still posting durable results, giving long-term investors like Wood great opportunities. Specifically, she has recently loaded up on shares of Roku (NASDAQ: ROKU) and Unity Software (NYSE: U). Here's why you might want to follow suit.
Roku is one of ARK Invest's largest holdings across all its ETFs. When combining the firm's six ETFs, Roku is its third-largest position. This position is growing, too. Since June 10, ARK Invest has bought more than 184,000 shares of Roku, signaling its conviction in the long-term future of this streaming platform.
Source Fool.com
