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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

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Wood's ETFs have been surging in recent months, but she still added to three positions on Friday that are trading lower in 2024.
Cathie Wood, the founder of Ark Invest, has recently been actively buying stocks that she perceives as undervalued, focusing on companies with strong growth potential despite market volatility. According to the article from MSN Money, Wood has added shares to her portfolio from three companies: Exact Sciences, which focuses on cancer diagnostics; Beam Therapeutics, a company involved in gene editing; and Ginkgo Bioworks, known for its synthetic biology platform. These investments reflect her strategy of betting on innovative technologies and sectors like genomics and synthetic biology, which she believes will drive future economic growth. The article highlights that these purchases come at a time when these stocks are trading at what Wood considers bargain prices, aligning with her investment philosophy of buying during market downturns to capitalize on long-term gains.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/cathie-wood-goes-bargain-hunting-3-stocks-she-just-bought/ar-AA1wEx65 ]