Cathie Wood Bets $19 Million on 5 Beaten-Down Stocks
In a volatile market, savvy investors like Cathie Wood take the opportunity to accumulate shares of companies with long-term potential. As the founder and CEO of ARK Invest, Wood is known for her high-conviction strategy centered on disruptive innovation. Her fund invests in fintech, genomics, artificial intelligence (AI), and other disruptive technologies that she believes will provide exponential growth in the long run.
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Read MoreCRISPR Therapeutics (CRSP) Stock Plunges 10% as Cathie Wood’s ARK Invest Scoops Up Shares
Key Highlights
- ARK Invest acquired approximately 281,000 shares of CRSP valued at roughly $14.82M following a 10% price decline
- A $350M private placement announcement by CRISPR Therapeutics sparked the selloff
- CRSP ranks as ARK’s second-biggest position across all ETFs,
Cathie Wood Bets On Joby As Sean Duffy's Advanced Air Mobility Push Targets Air Taxis, Medical Transport
Investor Cathie Wood-led ARK Invest has bought additional shares of Joby Aviation Inc., as the company announced it was partnering with the Federal Aviation Administration (FAA) amid the Department of Transportation‘s (DOT) eVTOL push.
Read MoreCould Investing $10,000 in NuScale Power Make You a Millionaire?
Key Points
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NuScale is one of handful of companies that could revolutionize and rekindle the nuclear power industry.
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For all the hype, however, this particular aspect of the nuclear power business isn’t going to be enormous compared to this company’s current market cap.
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While there’s reward potential to be sure,
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Read MoreSOXL vs. SSO: What Type of Investor Should Consider These Leveraged ETFs?
ProShares – Ultra S&P500 (SSO +0.62%) and Direxion Daily Semiconductor Bull 3X ETF (SOXL +4.63%) both use daily leverage resets, but SSO delivers 2x exposure to the S&P 500, while SOXL offers 3x exposure to a concentrated semiconductor portfolio,
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Read MoreThe Burst
Will Archer Aviation Make Flying Taxis a Reality?
For decades, flying cars have been the stuff of science fiction. But now, they’re inching closer to becoming part of our everyday lives and Archer Aviation (NYSE: ACHR) is one of the startups trying to make that future take off.
Archer is building what’s known as eVTOLs, electric vertical takeoff and landing aircraft.
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Read MoreThe Ivy
1 Science Powerhouse To Own for the Next Decade
Thermo Fisher Scientific has a knack for thriving even in challenging markets. While the company isn’t entirely immune to today’s global headwinds, slower biopharmaceutical spending, tighter budgets in academic labs, and muted demand in China, it has weathered the storm far better than most of its peers.
The reason?
A combination of unmatched scale,
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Read MoreThe Spotlight
Is Jessica Alba’s Stock Set For 50% Pop?
The Honest Company (NASDAQ:HNST) is a lifestyle brand most famously associated with founder Jessica Alba that sells a variety of personal care and beauty products, as well as diapers and other baby care products.
It primarily sells online through its own website and other eCommerce channels, though its brand also has a presence in brick-and-mortar retailers.
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