In an interview with Bloomberg, ARK Investment Management CEO, Cathie Wood expects 20% returns after 2020. According to Cathie, ARK’s primary goal is to set an example in disruptive innovation after planning and adding new and advanced dimensions to the research. “COVID-19 created financial havoc across the globe, and it has created several problems for the stocks business,” Cathie said. According to Cathie, there are five technological platforms that are reshaping the entire financial world. These 5 platforms include robotics, artificial intelligence, DNA sequencing, blockchain and energy storage. The 6th, according to Cathie, could be quantum computing. “We are observing developments in the field of quantum computing very closely,” continued Cathie. Cathie based this judgement after meeting several professors around the world, who are focusing on quantum computing, which is the next major thing during the next decade. Cathie was also asked whether she was enjoying the celebrity status to which she responded that “I like what I’m doing, It is really something fun to do what you think. I love my work. I love my team. I love everyone doing research. I like to depict the world from a different angle. Life is all about choosing the best for ourselves, our children and everyone else.” In this article we will discuss the Top 10 Stocks to Buy by Cathie Wood as shared by Insider Monkey.
One of the suggested companies by Cathie Wood is Proto Labs, Inc. It is a 3D printing company. Cathie possesses around 3.1 million shares of this company and Cathie ranks this stock at position number 10 to buy on long-terms basis. Currently, the value of Proto Labs is worth $470 and it is likely to hover around this figure. Besides Proto Labs, CRISPR Therapeutics AG is another company to buy stocks of and hold for the next 5 years. The stocks of this company are also of great interest for Billionaire investor Joe Edelman. CRSP stocks did not respond much to investors’ expectations. Meanwhile, the share price of CRISPR tripled during 2020. Despite going high during 2020, the investors could have held more to earn more profit. The selection of Cathie Wood does not end here. The list comprises several other companies for the readers. Go to 10 Best Stocks To Buy and Hold For 5 Years According to ARK’s Cathie Wood and read more about the other companies on the list.