5 Repeat Stocks Cathie Wood's ARK EFTs buy Again on the Dip
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Cathie Wood says ARK ETFs will Triple over the Next 5 Years
CEO Cathie Wood, ARK Invest
Cathie Wood's ARK Invest ETFs are some of the hottest funds after 2020's massive stock market gains. Five stocks the Ark team are buying we should watch are Coinbase, DraftKings, Teladoc Health, Tesla, and Zoom Video. Cathie Wood, CEO of Ark Invest, suggests a return of a minimum of 25% per year over the next five years, with a highly probable doubling of returns for investors considering buying Ark ETFs.
““ We believe our portfolios will more than triple over the next five years, so that’s more than a 25% annual rate of return. These innovation platforms have hit escape velocity. There is no turning back. ”
If you are the type of investor that can buy and hold for 3-5 years, these stocks offer an attractive entry point for a significant gain. June proved to be challenging for this collection of Ark Invest stocks, with all taking a significant downward dip. Buying the dip is a favorite strategy for the Ark Invest team.
Who Is ARK Invest?
Not familiar with Ark Invest ETF’s? The ARKK ETF focuses on companies that exhibit "disruptive innovation," — technologically enabled new products or services that potentially change the way the world works.
The ARK Innovation ETF surged more than 152% in 2020, handily beating the Nasdaq's hefty 43.6% return.
ARKK TOP 10 HOLDINGS CHART
ARKK Innovation Top Stock 10 Holdings as of June 25, 2021 - Click image above for latest update
Other ARK ETFs include Autonomous Technology & Robotics (ARKQ), Next Generation Internet (ARKW), Genomic Revolution (ARKG), Fintech Innovation (ARKF) and the recently debuted Space Exploration and Innovation (ARKX).
Cathie Wood is a Rock Star when picking stocks that are innovative and she often gets in early, and averages down with significant purchases on dips. Many analysts don’t share her views — especially when it comes to forecasting future stock prices.
““Disruptive innovation is often not priced correctly by traditional investment strategies because people may not understand how big the ultimate opportunities are going to be. They aren’t sizing the opportunity and they aren’t analyzing the disruption,” ”
THE WOOD STOCKS TO WATCH
Several Ark Invest stocks are breaking out past buy points and include Coinbase Global (COIN), DraftKings (DKNG), Tesla (TSLA), Teladoc Health (TDOC) and Zoom Video (ZM).
TOP STOCKS TO WATCH ¹
| Company | Close | Weight |
|---|---|---|
| Tesla | 625.22 | 9.78% |
| Teladoc | 150.58 | 5.89% |
| Zoom | 376.92 | 4.5% |
| Coinbase | 226.01 | 3.45% |
| Draftkings | 50.53 | 1.9% |
¹ Source: ARK funds data as of June 24, 2021
Teladoc Health Stock
Teladoc Health provides on-demand health care services, such as non-emergency doctor's appointments, online. In 2020 it merged with Livongo, a holistic program that empowers people with health challenges to live better and do more. It has management plans for Diabetes, High Blood pressure, Weight and Diabetes Prevention.
Teledoc is 50% off its 52 week high. Shares are starting to move up.
Teladoc Health Inc Performance Report for Thu, June 24th, 2021
Zoom Video Stock
Zoom Video is the leader in modern enterprise video communications, with a cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems.
After soaring nearly 400% in 2020, Zoom Video stock is up about 8.5% year to date. Shares of Zoom stock are about 40% off their 52-week high.
Coinbase Stock
The new stake in Coinbase is one of the Ark Invest stocks that offers exposure to cryptocurrencies.
Coinbase rose 21% Wednesday.
DraftKings Stock
Draftkings is an online sports platform that allows users to play daily fantasy games and win cash prizes. The company is positioned to take advantage of the expanding legalization of digital sports betting across the U.S. The stock is down about 40% year to date.
Tesla Stock
Tesla is a Cathie Wood favorite with over 10% weight in her Innovation fund. Tesla has momentum this week as the last gain was close to 5% on the day with pre-market up again. The team at Ark Invest has a 2025 price target of $3,000 per share for Tesla.
Recent Tesla news includes Plaid S a super-fast car and broke 2 seconds per lap at Laguna track. The Model 3 is sold out for the quarter in China. Opened a solar-powered charging station in Tibet and car deliveries for the 2nd quarter are rumored to be very strong, most likely a new record number of deliveries for the Tesla.
The Tibet charging station is a reminder that Tesla Solar business may be a significant source of growth for the company in the near future.
Tesla trades more than 25% below highs that were reached at the beginning of this year. This might be a good time to consider Tesla.
Tesla Roadster. Tesla smashed through a new record number of 2nd Quarter cars delivered
All investment strategies discussed are for informational purposes only and can involve risk or loss. Nothing contained in this website should be construed as investment advice.
