Why This Cathie Wood Stock Is a Buy

Industrial technology company Trimble (NASDAQ: TRMB) is the largest holding in Cathie Wood's ARK Space Exploration & Innovation ETF (NYSEMKT: ARKX), and it's the second-largest holding in the ARK Autonomous Technology & Robotics ETF. Given that the much-admired fund manager has put that level of support behind it, it's worth taking a closer look at the stock and why it might suit growth-orientated investors right now.

The company sells hardware, software, and services that use satellite technology to help clients position and model their physical assets or activities. Trimble's roots lie in global positioning systems (GPS), but its ambitions have expanded over the years. With the advent of more sophisticated technology, Trimble's solutions have become productivity enhancers that help clients create an "integrated work process."

Image source: Getty Images.

Source Fool.com