SHOP - 1 Cathie Wood Stock to Buy in December That Dominated Black Friday and Cyber Monday
2023-12-07 06:00:00 ET
Ark Invest founder and CEO Cathie Wood is known for investing heavily in emerging technology companies. One of the top holdings among her exchange-traded funds (ETFs) is e-commerce platform Shopify (NYSE: SHOP) . If you've ever made a purchase from an ad on Facebook, Instagram, or other social media platforms, chances are you've used Shopify.
The company supports both large retailers and small- to medium-sized enterprises (SMEs) by helping them sell products, market the business, and manage customer expectations. Given that the holiday season is underway and consumers are out shopping, this is an important time for Shopify.
Though the stock has more than doubled year to date, it's still trading nearly 60% off its all-time high . This presents investors with a long-term opportunity in a leading e-commerce company.
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1 Cathie Wood Stock to Buy in December That Dominated Black Friday and Cyber Monday