- Cathie Wood’s Latest Moves: What You Need to Know
- Discover Her Top 3 Market Bets for Big Returns
- Uncover AI-powered Stock Picks for Less Than $8/Month!
Cathie Wood, the renowned investor known for her aggressive investments in disruptive innovation, made waves in 2020 with a 150% return on her ARK Innovation ETF. Despite facing challenges in recent years, she bounced back in 2023 with a 68% return, riding the tech boom. Looking ahead, she promises investors an average annual gain of 15% over the next five years.
Cathie Wood’s Strategic Moves
Wood’s latest investments focus on biotechnology, artificial intelligence, and electric vehicles. She has shown confidence in companies like Intellia Therapeutics and Recursion Pharmaceuticals by purchasing significant shares. Additionally, Wood has acquired stakes in Pacific Biosciences, Blade Air Mobility, 10X Genomics, Tempus AI, and Veracyte.
On the flip side, she has reduced her positions in companies like Incyte Corporation, AeroVironment, Verve Therapeutics, and Zoom Video Communications. However, her biggest bet remains Tesla, as she believes the company’s upcoming Robotaxi fleet will drive a bull run for the stock.
1. Tesla
In July, Tesla’s sales in China saw a 15.3% year-over-year increase, with further growth expected. Wood recommends Tesla as the top stock for benefiting from artificial intelligence, given its leadership in electric vehicles and advancements in AI technology.
Despite a 20% decline in Tesla shares this year, Wood sees it as a buying opportunity for medium-term investors. The stock’s high volatility makes it prone to intense price movements, with a fair value estimated at $243.26.
2. Pacific Biosciences
Pacific Biosciences, a DNA sequencing company based in California, is compared to Amazon’s early days by Wood. Expectations for a 22.5% increase in EPS have positioned the stock for significant growth, with a market value of $4 to $4.25.
3. Crispr Therapeutics
Crispr Therapeutics, a biotech firm focused on curing diseases like diabetes, has strong financials and a promising product portfolio. Wood sees it as a disruptive player with substantial upside potential, with a fair value estimated to be 15% above its current share price.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Any investment decision carries risks that remain with the investor.