Should You Follow Cathie Wood Into This Coronavirus Stock?

Copying someone else's actions isn't always bad, at least when it comes to investing. We have a lot to gain by studying the moves of super-investors, and in some cases, following along. So who should we be looking at these days? Cathie Wood, founder, CEO, and chief investment officer (CIO) of ARK Invest. Wood's exchange-traded funds (ETFs), which include a Genomic Revolution ETF, Fintech Innovation ETF, and a general ARK Innovation ETF (among others), have handily outperformed the S&P 500 over the past year. The funds specialize in innovation in various areas -- from genomics to next-generation internet technologies.

Earlier this month, the ARK Genomic Revolution fund purchased more than 100,000 shares of Regeneron Pharmaceuticals (NASDAQ: REGN). Regeneron, maker of an antibody cocktail to treat COVID-19, is the fund's fourth-biggest holding. Let's take a closer look at Regeneron to see if we should follow superstar investor Wood into this biotech stock.

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Source Fool.com