Cathie Wood bought only three stocks on Wednesday.
The co-founder, CEO, and chief investment officer at Ark Invest added to existing positions in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), and Alibaba Group (NYSE: BABA)
Why did she buy into a pair of “Magnificent Seven” stocks and the leading Chinese e-commerce company? That’s a good question. Let’s size up where all three companies are now, and maybe that can shed some light on why the widely followed growth investor chose these three stocks to load up on at the midpoint of this week. 1.
Alphabet Don’t fall for the myth that large stocks can’t deliver monster returns. Alphabet stock is one of just three stocks with a market cap above $4 trillion, but it has soared 116% over the past year. Google’s parent company is experiencing a renaissance for growth investors.