TRMB - 1 of Cathie Wood's Favorite Stocks Is a Great Stock to Buy Now
2024-02-20 05:31:00 ET
Ark Investment Management CEO Cathie Wood appears to like positioning and workflow technology company Trimble (NASDAQ: TRMB) . It's the largest holding in the Ark Space Exploration & Innovation ETF , and the fourth-largest in the Ark Autonomous Technology & Robotics ETF . Wood is known for buying into companies with disruptive technology, and that's certainly the case with Trimble. Here's why Trimble could be a great addition to a diversified portfolio.
Trimble's disruptive technology comes from its growing capability to become a daily part of its customers' workflow. Whereas the company's history lies in hardware solutions that provide precise positioning, its future lies in supplanting that with modeling and data analytics capability to improve its customers' daily activity.
Trimble does more than provide precise points for a road or an infrastructure project. The company's solutions, such as Trimble Construction One (TC1), allow customers to design and precisely manage projects while receiving and analyzing real-time workflow data.
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1 of Cathie Wood's Favorite Stocks Is a Great Stock to Buy Now