Tech Sell-Off: 2 Stocks Cathie Wood Is Buying Now
Fund manager Cathie Wood, the CEO of Ark Invest, has earned a reputation as one of Wall Street's best stock pickers. Despite underperforming this year, Ark's flagship ETF has crushed the market since its inception in 2014, rising 495% versus the 168% total return of the S&P 500. What's the secret behind those returns?
Ark's portfolio is built around disruptive innovation. Technologies like artificial intelligence (AI) have the potential to reshape the world, and companies that put those disruptive technologies to work stand to benefit greatly. At the same time, Wood isn't afraid to buck the prevailing sentiment on Wall Street. For instance, Snap (NASDAQ: SNAP) and Twitter (NYSE: TWTR) have seen their share prices plunge lately, but Wood has been a buyer in both cases.
Here's what you should know.
Source Fool.com
