Last week was a rollercoaster in the markets. While the major averages remained steady, there was a whirlwind of volatility underneath the surface. The week saw both the biggest single-day drop and rise of the year, keeping investors on their toes. Cathie Wood, the powerhouse behind Ark Invest, was particularly active in response to this turbulence.
Wood made strategic moves in her portfolio last week, notably increasing her positions in Amazon.com, Roku, and Guardant Health. Let’s delve into the details.
1. Amazon
Amazon, the e-commerce giant, was a standout in Wood’s buying spree. She upped her investment in Amazon across five out of six Ark Invest growth ETFs. Despite a recent dip in stock price following disappointing Q2 results, Amazon has shown signs of recovery in the past few trading days.
Following the positive momentum, Amazon made significant announcements towards the end of the week, indicating…
2024-08-12 10:45:00
Source from finance.yahoo.com