2023-11-24 09:30:00 ET
Cathie Wood, the CEO of investment management firm Ark Invest, is well-known on Wall Street for investing in disruptive companies. This strategy has reaped rich rewards this year as her firm's flagship ARK Innovation ETF has jumped an impressive 43% so far in 2023.
Here's a closer look at two companies from Cathie Wood's flagship fund that have delivered impressive gains this year. More importantly, Ark Invest continues to put more money into these two names -- Palantir Technologies (NYSE: PLTR) and The Trade Desk (NASDAQ: TTD) . This isn't surprising as they're playing a disruptive role in fast-growing markets.
Let's look at the reasons Wood is buying more shares of these companies and see if they could turn out to be solid long-term investments.
For further details see:
Cathie Wood Is Buying These Top Growth Stocks -- and Both Could Help Make You Rich Over Time