AMZN - Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
2024-06-18 10:15:00 ET
Cathie Wood is trying to get back on track since blowout returns in 2020 that made her one of the most widely followed growth stock investors in the country. It hasn't been easy for the co-founder, CEO, and investor at Ark Invest. Her exchange-traded funds have trailed the market badly in two of the past three years, and she's falling well short in 2024.
Her most popular fund is trading 16% lower year to date, but she's not going down without a fight. She kicked off the new trading week with several portfolio moves on Monday. She added to existing positions in Amazon.com (NASDAQ: AMZN) , Palantir (NYSE: PLTR) , and PagerDuty (NYSE: PD) this week. Let's take a closer look.
The leading online retailer isn't the torrid growth story it was through most of its first two dozen years of public trading. It has posted positive net sales every year since going public in 1997, but the 9% growth it posted in 2022 and the 12% top-line gain it mustered last year are the weakest two years of its 27 years on the market.
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought