2024-07-07 05:37:00 ET
Cathie Wood, the founder of Ark Invest, is one of the market's most closely followed growth investors. But over the past five years, her flagship Ark Innovation ETF (NYSEMKT: ARKK) has declined nearly 6% as the S&P 500 rallied 85%.
Nevertheless, Wood contends that her focus on long-term secular trends will pay off for patient investors who can tune out the near-term noise. So let's look at three of her recent purchases -- Roku (NASDAQ: ROKU) , Roblox (NYSE: RBLX) , and PagerDuty (NYSE: PD) -- and see if they're worthwhile buys for growth investors.
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought