Cathie Wood’s Top 5 Stock Picks and ARK Portfolio Updates

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Cathie Wood’s ARK Investment had a rough March as growth stocks receded following a sharp rise in government bond yields. As investors started losing money and patience, Ms. Wood called for patience and it seems she has got a loyal investor base.

Here are her stock picks.

Aerojet Rocketdyne Holdings, Inc makes aerospace and defense products and systems; they also are the main suppliers of Raytheon. Virgin Galactic Holdings, Inc. is a spaceflight company, while the next company BYD Company Limited is in the electronic vehicle sector.

Iridium Communication’s Inc. ARK Investment Management owns 6.97 million shares of IRDM worth $274.1 million. IRDM accounts for 0.72% of ARK’s total portfolio. Baidu, Inc. a Chinese internet giant company is getting a lot of attention as it plans to launch EVs in partnership with Geely over the next 3 years.

PayPal launched Checkout with Crypto, allowing users to check out by using cryptocurrency during transactions. The feature gained a lot of attention because it allows users to convert cryptocurrency holdings to fiat currency at checkout. Twist Bioscience Corporation makes synthetic DNA for clients in the biotechnology industry. It is also known for an advanced liquid handling robot technology that builds DNA in the microplates. In March, the FDA approved the company’s SARS-CoV-2 next-generation sequencing assay.

Square, Inc. is another payments company that analysts believes  is a “long-term” winner in an “undeserved” market. The analyst especially likes the company’s Seller and Cash App systems. Teladoc Health Inc. is one of the most popular telehealth companies in the U.S., with over 52 million paying members. The company has a network of over 50,000 licensed physicians globally, and saw huge growth in 2020 as people started using its platform to seek medical treatment during stay-at-home orders.

CRISPR Therapeutics AG is one of the most popular telehealth companies in the U.S., with over 52 million paying members. The company has a network of over 50,000 licensed physicians globally, and saw huge growth in 2020 as people started using its platform to seek medical treatment during stay-at-home orders. Tesla, Inc remains unwavering for Cathie Woods even if several other analysts are beginning to question the company’s hype and valuation.

Read an in-depth analysis of Cathie Wood’s Top 5 Stock Picks and ARK Portfolio Updates here.

 

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