Cathie Wood Invests $14.1 Million in Megacap Tech Stocks Ahead of Earnings
Cathie Wood, CEO of Ark Investment Management, invested $14.1 million in megacap tech stocks ahead of strong earnings results. Her Ark Innovation ETF (ARKK) has underperformed the S&P 500 this year, but she anticipates a tech-driven economic acceleration. The timing of her investment proved successful as the stock surged after the earnings report.
Tickers: $ARKK $ARKW $GOOG $GOOGL
Topics: Ark Innovation ETF Cathie Wood earnings season investment strategy megacap tech stock