From Nasdaq: 2024-06-08 14:00:00

In 2020, Cathie Wood’s Ark Invest funds soared, but the hype has died down as the market shifted away from disruptive innovation. Still, upcoming rate cuts could spark a resurgence in Cathie Wood stocks like Coinbase (COIN), which has seen a 345% rise in the past year.

Roku (ROKU), a sizable holding in ARKK ETF, has struggled financially but may benefit from lower interest rates. The streaming company recently began streaming MLB games for free, potentially attracting viewers and competing with cable TV.

Teledoc (TDOC) remains undervalued despite Ark Invest reducing its stake. The telemedicine company is exploring collaboration with Amazon to bring services to Alexa, which could boost TDOC stock. While facing management changes, Teledoc’s low P/S and P/B ratios make it an appealing investment opportunity.

Read more at Nasdaq: 3 Cathie Wood Stocks That Could Be Coiled Springs