These 2 Top Cathie Wood Stocks That Are Better Buys Right Now Than AMC
A big trend in the stock market this year has involved so-called meme stocks. Select companies that Wall Street funds bet against as loser stocks saw their shares quickly skyrocket in price thanks to individual investors buying in after teaming up through social media sites like Reddit to hurt the short-sellers.
One stock that got a lot of attention for getting sucked up into this craze was AMC Entertainment Holdings (NYSE: AMC). The struggling movie-theater chain was severely hurt by lockdowns during the pandemic, but somehow its stock price has surged more than 1,600% in 2021.
If you are tempted to jump onto this meme stock bandwagon, I would urge you not to. Late participants are more than likely to wind up losing out in the end. Instead, you might want to consider these two outstanding businesses that famed investor Cathie Wood and her ARK Invest firm have large holdings in. While there are always risks, it's likely a safer and potentially more rewarding approach than buying meme stocks.
Source Fool.com
