Why This Cathie Wood Stock Has the Potential to Soar in Today's Market
Cathie Wood appears to love positioning and workflow technology company Trimble (NASDAQ: TRMB). The stock is the largest holding in the ARK Space Exploration & Innovation ETF, , and a top five holding in the ARK Autonomous Technology & Robotics ETF. The common theme across Wood's funds is an investment in companies with disruptive technology and secular growth prospects. Trimble certainly offers that, and the recent results highlight the compelling value case for the stock. Here's why.
For those who don't know it well, here's a helpful primer on Trimble. It's a company whose origins lie in precise positioning technology for pinpointing a position on a construction site, a geospatial map, a fleet of transportation vehicles, or farming equipment in the field.
However, we don't live in a static world; we do live in a world where a mass of data is increasingly being generated (by technology such as Trimble's hardware and software) and analyzed to produce actionable insights in real time. For example, construction managers can receive precise real-time data on onsite activity, fleet managers can receive immediate data on trucking fleets, and farmers can use data to better predict where to plant, treat, and harvest crops.
Source Fool.com
