Missed Out on Tesla? Cathie Wood Has a New Top Growth Stock
Ark Invest CEO Cathie Wood has long been bullish on Tesla (NASDAQ: TSLA), and that certainly hasn't changed. The electric car maker still accounts for more than 8.2% of Ark's flagship investment product, the Ark Innovation ETF (NYSEMKT: ARKK). But it has slipped to second place in the portfolio, and Roku (NASDAQ: ROKU) now occupies the top spot, accounting for 8.4% of the ETF.
Of course, it doesn't really matter whether Roku ranks first or second. Wood clearly has conviction in the company. Does that make the stock a buy?
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Source Fool.com
