Cathie Wood Goes Bargain Hunting - Part 1

[rollandthomas]

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ARK Invest CEO Cathie Wood turned heads last year after the breakthrough performance of the money manager's exchange-traded funds. This year has proven a bit more challenging, but volatility in some of her favorite names is creating buying opportunities.

We love sports, and we tend to overestimate our ability to predict outcomes of games and individual performances. DraftKings is cashing in as a leader in fantasy sports and now traditional wagering.

Growth has been stellar here. Revenue soared 320% in last week's second quarter, accelerating from the 253% year-over-year top-line pop it posted for the first quarter. Monthly unique payers on the DraftKings platform have soared 281% over the past year, and it continues to strike new deals with networks, leagues, and individual teams to make sure the brand is prominent in the sports world.

Despite DraftKings' growth and its dominant position, the stock is still trading 30% below its springtime highs. With DraftKings raising its guidance last week and making another smart acquisition earlier this week you can't blame Wood for placing some more chips on her DraftKings bet.

Source: https://www.fool.com/investing/2021/08/11/cathie-wood-goes-bargain-hunting-3-stocks-she-just/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

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Comments

[trumpman2]

5 posts a day again? You are the second biggest whale on Leo and a curator. Stop being so fucking greedy on the rewards pool and your autovotes.

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[rollandthomas]

Trumpman2...no longer a Leo Whale and no longer post for rewards...I post to journalize the Markets for my trading/investing objectives and help anybody that could benefits from my insight.

If you find a worthwhile charity to donate to let me know, otherwise, I will continue to help out Leo community members in need of funds.

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[erikah]

The only one you're helping out is yourself.

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[trumpman]

You are bullshit as always. If you dont care about rewards set null as beneficiary

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