PATH - Cathie Wood Is Buying These Top Growth Stocks - and Both Could Make You Rich Over Time
With the S&P 500 falling more than 22% year to date, some investors may find their resolve tested. It can be disconcerting to see your holdings fare poorly, leaving you with little motivation to make additional investments.
But successful investors know that it's times like these when the seeds of future wealth can be planted. It's something Cathie Wood surely recognizes, in gobbling up shares of two stocks that have the potential to prosper prodigiously in the future. Patient investors may want to follow suit and sow growth stocks Rocket Lab (NASDAQ: RKLB) and UiPath (NYSE: PATH) in their own portfolios to reap the rewards down the line.
Rocket Lab first appeared in two of Wood's exchange-traded funds ( ETFs ) in late September, and the buying remained a priority in October. Last month, the ARK Innovation ETF (NYSEMKT: ARKK) and ARK Space Exploration and Innovation ETF (NYSEMKT: ARKX) both grew the positions they initiated in September, adding a combined 919,767 shares.
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Cathie Wood Is Buying These Top Growth Stocks – and Both Could Make You Rich Over Time