Along with the markets’ recent pullback, so has Cathie Wood’s flagship Ark Innovation ETF (ARKK) handed back some of the year’s prior gains. Nevertheless, it has still outpaced the broader markets this year. And despite growing bearish macro concerns, looking at how Wood expects the landscape to shape up, the ARK Invest CEO is optimistic her innovation-first approach will continue to deliver.
“I do think that what’s happening this year is that the market is starting to look over the Fed’s moves… into falling interest rates,” Wood recently said. “I think we’re on the other side of that massive interest rate increase, which did destroy a lot of performance. That’s the most important thing. And we are ready for prime time.”
In anticipation of that “prime time,” Wood has been busy loading up on the stocks she believes are set to outperform. Amongst them are 2 equities priced under $5 that might just be too cheap to ignore right now, so we’ve decided to give…
2023-09-28 08:54:26
Article from finance.yahoo.com
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