2 Stocks in Cathie Wood’s Portfolio to Watch Now
From Nasdaq:
Cathie Wood, an investor who gained popularity for her unique investment approach, saw her Ark Innovation ETF gain a solid 22.2% over the past year. Investing in disruptive innovation, Wood’s portfolio includes technology stocks like Zoom and Coinbase, which are expected to provide attractive returns due to their growth potential.
Zoom Video Communications reported impressive quarterly results with a net income of $298.8 million, a significant improvement from the year-ago quarter’s net loss. Despite facing competition, Zoom’s focus on enterprise customers and technology advancements position it well for future growth.
Coinbase, a crypto-trading platform, also posted promising results with a net income of $273 million in the fourth quarter. The company’s revenue increased to $954 million, driven by the rising prices of cryptocurrencies like Bitcoin. Coinbase’s fundamental strength and expected earnings growth make it an attractive investment option.
Read more at Nasdaq: 2 Stocks in Cathie Wood’s Portfolio to Watch Now