From Nasdaq:



The CEO of Ark Invest, Cathie Wood, is known for investing in businesses with disruptive potential. The Ark Innovation ETF is up 70% in 2023, with Block (NYSE: SQ) being one of the key holdings. Block has shown growth potential in the fintech sector, with its mobile payment solutions and Cash App. Despite being down 73% from its record high, Block has strong financial results and potential for expansion. Ark Invest’s interest in Block indicates its long-term growth potential and compelling valuation. Block’s economic moat and lower price-to-sales ratio make it an attractive investment. However, it’s important to consider other expert opinions and stock picks before investing in Block. Overall, the article argues that Block may be a good investment for 2024, given its potential for growth and current valuation.



Original: 1 Cathie Wood Stock Down 73% to Buy Hand Over Fist in 2024