Cathie Wood is actively working to turn things around. Despite many of Ark Invest’s exchange-traded funds being in the red in the thriving 2024 market, she remains undeterred in making bold moves on innovative companies. She believes that the current lack of popularity is only temporary.
Wood transparently shares all of Ark’s daily transactions, giving us insight into her investment decisions. Among her recent notable purchases are DraftKings (NASDAQ: DKNG), Shopify (NYSE: SHOP), and Tempus AI (NASDAQ: TEM), where she increased her stakes in these companies.
1. DraftKings
While DraftKings saw significant growth last year, its momentum has slowed down as competition in the online sportsbook industry intensifies. Despite this, the company still managed to achieve a 26% revenue increase in its latest quarter after several years of robust growth.
For sports enthusiasts looking to…
2024-08-27 10:40:00
Originally posted on finance.yahoo.com