In contrary to the customs sale, these two stocks have now been added by Cathie Wood.
In a surprisingly bullish move, star investor Cathie Wood continues to dance to her own beat, unfazed by the steep tariffs that have sent shockwaves through global stock exchanges. Leaving many financial experts dazed and deserted, Wood bypassed the fallout and doubled down on two stocks instead.
According to a trading update from her firm ARK Invest, on Wednesday, she snapped up over 7,000 shares of Robinhood, amounting to nearly $300,000, and more than 2,600 shares of tech company GitLab, roughly worth $130,000. Despite the grim economic landscape, the investor repeated this daring move a day later, beefing up her positions in Robinhood with over 36,000 shares, totaling about $1.4 million, and adding another nearly 30,000 shares of GitLab.
Adhering to her usual rigor, Wood chooses stocks displaying comeback potential or boasting strong undervaluation. Both Robinhood and GitLab have recently faced sell-offs, but the tariffs are likely to cause less chaos for these stocks compared to their peers.
The investor didn't just play the addition game; she also took some chips off the table, selling shares of Prime Medicine, Repare Therapeutics, and UiPath on Wednesday and Thursday. Investors should remember that ARK funds have been underperforming lately, so one should tread carefully before following Wood's stock tips.
Wood's approach is built on a rock-solid conviction that investing during market dips can reap rewards, especially for undervalued innovations. She hunts down companies at the vanguard of technological and biomedical innovation, betting on long-term growth rather than short-term market oscillations.
Though the enrichment data doesn't reveal the specific details of Wood’s early May 2025 transactions for Robinhood and GitLab, they align with her strategy to invest in progressive tech firms exhibiting the potential for remarkable innovation-driven growth. For those seeking precise transaction details, it's advisable to check ARK Invest’s latest filings or daily trade disclosures, readily available for transparency.
- Star investor Cathie Wood, undeterred by tariffs, bought more than 7,000 shares of Robinhood on Wednesday, worth nearly $300,000, and over 2,600 shares of GitLab, roughly worth $130,000.
- In defiance of the grim economic landscape, Cathie Wood also added over 36,000 shares of Robinhood and nearly 30,000 shares of GitLab to her portfolio the day after.
- The investor typically chooses stocks that demonstrate comeback potential or strong undervaluation, such as Robinhood and GitLab, which have recently faced sell-offs, but are expected to face less chaos from tariffs compared to their peers.
- Despite ARK funds' recent underperformance, Wood's approach is grounded in a belief that investing during market dips can generate significant returns, especially for undervalued technological and biomedical innovations.
- For those interested in the specific details of Wood's early May 2025 transactions for Robinhood and GitLab, it is recommended to check ARK Invest’s latest filings or daily trade disclosures for transparency.
