From Nasdaq:

Cathie Wood stocks are down 14%, contrasting the market’s modest rise.Among new purchases are Toast (NYSE:TOST), Genius Sports (NYSE:GENI), and Coinbase Global (NASDAQ:COIN). Toast’s shares have been cut by more than half, despite rising revenue. Genius Sports’ Q4 revenue rose 29%, and Macquarie Group believes its stock can double in the next year or two. Coinbase Global, Wood’s largest position, has lost a third of its value amidst concerns about high interest rates.

Toast’s revenue grew 37% while warning that transaction revenue per location was flat. Wall Street believes there is roughly 20% annualized growth for the next four years. Revenue at Genius Sports has been rising sharply amidst escalating guidance numbers. This business is still a newcomer with a single-digit price tag. Macquarie Group believes that Genius Sports stock can double in the next year or two.

This year, Coinbase and its fellow survivors have struggled under the weight of spot exchange-traded funds and a potential interest rate hike. Wood’s top holdings have fallen 33% and 27%. The company has had a significant downturn following the strong performance of last year.

The Motley Fool has recommended against investing $1,000 in Toast. The Motley Fool Stock Advisor team has identified what they believe are the 10 best stocks for investors to buy now and Toast wasn’t one of them. They provide investment advice and guidance on building a portfolio.



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