2023-05-02 09:00:00 ET
Cathie Wood became a growth investing legend three years ago when her family of Ark Invest exchange-traded funds more than doubled. Her aggressive style backfired in 2021 and 2022, but she's beating the market again. Wood makes her daily transactions public at the end of every trading day, giving investors a glimpse of what she's buying and selling.
What's she picking up these days? The Ark Invest co-founder and CEO added to her existing positions in Teladoc Health (NYSE: TDOC) , Joby Aviation (NYSE: JOBY) , and Coinbase Global (NASDAQ: COIN) on Monday. Let's look at a closer look at the stocks she is buying.
Wood has a knack for buying into some of her larger positions on pullbacks after a rough financial update, but that's not the case with Teladoc. The telehealth pioneer has plummeted 91% since peaking more than two years ago, but it's up 5% in the three trading days since announcing its first-quarter results last week.
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought