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4 Stock Positions Cathie Wood Added to With Size Recently -Breaking

by Mike Robinson

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© Reuters. Four Stock Positions Cathie Wood Recently Added to with Size

Renowned investor Cathie Wood’s risky investment bets delivered substantial returns in 2020. Roblox (RBLX), UiPath(PATH), Robinhood, PagerDuty and Robinhood (NASDAQ.:) were recently added to her portfolio. She believes these stocks will combat the current macroeconomic headwinds as well as deliver long-term double-digit returns. Continue reading. Ark Invest founder Kathie Wood recently purchased several stocks which have underperformed the market. Yet, her flagship fund, ARK Innovation ETF (ARKK), gained 1.1% in the last week. Regarding this, Wood said in an interview, “With a five-year investment time horizon, our forecasts for these platforms suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years.”

Wood currently bets on Roblox Corporation, UiPath Inc. and PATH Robinhood Markets , Inc.

Wood believes these companies possess immense growth potential and will combat current market headwinds and capitalize on the industry’s tailwinds in the long run.

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