Cathie Wood stocks may not have as many fans today as when Wood’s Ark Invest funds were putting the markets to absolute shame back in 2020. Undoubtedly, Wood may be a seasoned investor with intriguing viewpoints on disruptive innovation and the markets as a whole. There’s no arguing that Ark Investment Management found itself in the right place at the right time in 2020.
The Federal Reserve slashed rates while many people were couped up at home during lockdown, thinking Covid-19 would keep us homebound for the long haul. But as the economy reopened and investors anticipated higher rates, disruptive innovation went out of style about as quickly as it came into fashion. Until now, the Cathie Wood stocks haven’t gained much ground since the market bottomed out around a year ago.
But what about once investors get pumped up about the rate cuts to come? Could we be in for 2020-21 all over again? It’s tough to tell. Either way, the following Cathie Wood stocks seem too cheap to pass up, given the potential catalysts ahead. Coinbase (COIN) Coinbase (NASDAQ: COIN ) is the new captain of the flagship ARK Innovation Fund (NYSEARCA: ARKK ) after doing more than its fair share of the heavy lifting in the past year.
The popular crypto exchange platform has really been enjoying higher Bitcoin ( BTC-USD ) and renewed interest in other crypto assets. At writing, COIN stock is up a jarring 345% in the past year. That explosive momentum tops even the great Nvidia (NASDAQ: NVDA ) for per.
