The stock market saw overall outflows today with reduced sentiments however, here are five best Cathie Wood stocks to buy.
Cathie Wood, the CEO of ArkInvest updates her stock portfolio daily and has gained a large following since 2020. Although huge inflows were recorded that year, recent years have seen negative returns. As stocks rebound, investors are drawn to the market seeking to record quarterly inflows. The stock market plummeted today ahead of the Nvidia Q1 earnings release but investors remain on the watch. Here are the top five Cathie Wood Stocks but this month.
Tesla (TSLA)
Cathie Wood holds Tesla stock in her portfolio with the asset surging in recent weeks amid increased sentiments. The electric car company is down 3 in the last 24 hours as many stress entry points considering previous movements. TSLA trades at $180, a 5% weekly jump and a 24.49% growth this month.
Coinbase (COIN)
The largest cryptocurrency exchange in the United States has seen significant inflows on the back of a Q1 rally and increased Bitcoin prices. COIN exchanges at $231.51, a 5.7% growth in the last 24 hours. This week the asset has attracted over 7% inflows.
Block (SQ)
Jack Dorsey-backed payment company Block continues to expand in terms of adoption. At press time, SQ exchanges at $67.3, a 5% decline but continues to be a highly ranked asset in the market. The company formerly known as Square reported $5.96 Q1 revenues slightly over expectations and remains in Cathie Wood’s portfolio.
Meta (META)
Meta Platforms flipped green and maintained inflows recently after a strong Q1 2024 performance that led to increased revenues and projections for the rest of the year. The stock price stands at $467.78, a 0.68% increase today. This week, the asset plummeted 1% but maintained a 38% rally in the last six months.
Robinhood (HOOD)
Robinhood has attracted inflows this year despite trading in the red zone in the last 24 hours. The asset trades at $16.96, a 6.2% decline in the past 24 hours. This week, HOOD has recorded an impressive 7% growth, taking monthly flows above 11%. The company reported better-than-expected results last quarter.