If you’re looking for the best stocks to buy right now, you’ll want to check out this list of Cathie Wood stock picks.
As one of the most successful investors of our time, Cathie Wood has a proven track record of making money in the stock market.
So if you’re looking for investment opportunities, you’ll want to consider the top Cathie Wood stocks.
Check out the best Cathie Wood stocks to buy right now.
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5 Cathie Wood Stock Picks To Add To Your Portfolio
Cathie Wood is a highly successful investor who has made a fortune by correctly predicting some of the biggest economic trends of the past few decades.
A native of California, Wood studied economics at USC under Art Laffer, the creator of the Laffer Curve.
As a successful investor, Cathie Wood has made a name for herself by spotting trends early and capitalizing on them.
She was one of the first to invest in Tesla and was also an early investor in Netflix.
Over the last five years, her firm, ARK Invest, has averaged an annual return of nearly 45%.
If you’re looking for successful stocks to invest in, check out the top 5 Cathie Wood stocks below.
5. Teladoc Health, Inc. (NYSE: TDOC)
TDOC is a healthcare technology company that provides cloud-based software to help manage patient medical records. The company has been growing rapidly, with revenue increasing by 37% last year.
TDOC is also profitable, with earnings per share of $0.71 in the most recent quarter.
This Cathie Wood stock is currently trading at around $33 per share, down from its 52-week high of $47. But with strong growth prospects and a reasonable valuation, TDOC is a stock worth considering for your portfolio.
According to securities filings, ARK Investment Management owned 19.4 million shares of Teladoc Health, Inc. (NYSE: TDOC) at the end of the first quarter of 2022.
This stake was worth $1.40 billion and accounted for 2.61% of ARK’s total portfolio value.
4. Zoom Video Communications, Inc. (NASDAQ: ZM)
Zoom Video Communications, Inc. (NASDAQ: ZM) provides video-first communications solutions. The company offers a cloud-native video, voice, chat, and content-sharing platform.
Zoom has seen explosive growth in recent months due to the COVID-19 pandemic as more people are working and attending classes remotely.
The company reported revenue of $328.2 million in the first quarter of 2020, up 169% from the first quarter of 2019.
Despite the strong growth, the stock is down 38% from its 52-week high as investors worry about Zoom’s valuations. But with a strong product and a growing market, This Cathie Wood stock is worth considering for your portfolio.
According to securities filings, ARK Investment Management owned 8.4 million shares of Zoom Video Communications, Inc. (NASDAQ: ZM) at the end of the first quarter of 2020.
This stake was worth $986.3 million, representing 4.11% of the total holdings.
3. Bill.com Holdings, Inc. (NYSE:BILL)
Bill.com Holdings, Inc. (NYSE: BILL) is a California-based company that provides accounts payable and receivable management solutions.
The company went public in December 2020 and has since seen its share price decline by 50%.
Despite this Cathie Wood stock decline, Bill.com is a company with strong growth prospects.
The company reported revenue of $67.5 million in the first quarter of 2020, which was up 46% from the first quarter of 2019. Bill.com is also profitable, with earnings per share of $0.04 in the most recent quarter.
According to securities filings, ARK Investment Management owned 158,482 shares of Bill.com Holdings, Inc. (NYSE: BILL) as of Q1 2022.
These shares were worth approximately $36 million and represented 0.15% of the total 13F portfolio.
2. Sea Limited(NYSE: SE)
Sea Limited (NYSE: SE) is a technology conglomerate based in Singapore with e-commerce, digital entertainment, and cloud services businesses.
The company’s shares have declined sharply this year, down 67.81% as of June 28.
Despite the stock’s recent decline, this Cathie Wood stock has strong growth prospects.
The company reported revenue of $3.13 billion in the first quarter of 2020, which was up 61% from the first quarter of 2019.
Sea Limited is also profitable, with earnings per share of $0.21 in the most recent quarter.
According to securities filings, In Q1 of 2022, Cathie Wood’s fund showed a 302% increase in its Sea Limited stake by containing 2.6 million shares worth $315 million.
1. Block, Inc. (NYSE: SQ)
Block, Inc. (NYSE: SQ) is financial services and mobile payment company based in San Francisco, California.
The company’s shares have declined sharply this year, down 60.01% as of June 28.
Despite the stock’s recent decline, Square is a company with strong growth prospects. The company reported revenue of $5.06 billion in the first quarter of 2020, which was up 49% from the first quarter of 2019.
Block is also profitable, with earnings per share of $0.36 in the most recent quarter.
According to securities filings, ARK Investment Management increased its Block, Inc. (NYSE: SQ) position by 35% in Q1 2022, holding 8.30 million shares worth $1.12 billion.
The stock represents 4.70% of the total 13F holdings and is one of ARK’s top holdings overall.
Final Thoughts
These five Cathie Wood stock picks are worth considering if you’re looking for strong growth prospects. And remember, past performance is no guarantee of future results.
BILL, SE, and SQ are all down for the year but have reported strong earnings and revenue growth. Cathie Wood still sees potential in these companies and has increased her positions despite declining stock prices.
Ark Investment Management’s 13F portfolio is available publicly, so it’s easy to track her investment decisions.
However, it’s important to remember that she may sell or buy stocks at any time without disclosing it publicly.
So, always do your research before making any investment decisions.
