2 Discounted Stocks Cathie Wood Is Buying Aggressively Right Now
These stocks have lost 30% in a month.
Overview
Cathie Wood is known for ignoring short-term obstacles and instead focusing on a company's long-term picture. That has allowed her to get in on some of the world's most exciting and innovative companies at fantastic prices. The chief executive officer of Ark Invest doesn't wait for everyone else to get excited about a stock and pile in; she's known to buy during low periods, when other investors are hesitant, and the particular stock is in the doldrums.
With this in mind, it's no surprise that, as many artificial intelligence (AI) and technology stocks fell in recent days, Wood has been on a buying spree. She recognizes the potential of certain players a few years down the road, so she views today's declines as a key buying opportunity. Wood has picked up shares of a number of stocks over the past few weeks, and two names in particular have shown up more than once in her list of purchases. In fact, she just bought more of the following two discounted stocks on July 17. They've each fallen more than 30% over the past month.
Details
Let's check out the two potential long-term winners that Wood is aggressively buying right now.
Source
Originally published at www.fool.com.