Cathie Wood: My stocks aren't in a bubble, but yours may be
Cathie Wood said on Wednesday that stocks held by Ark Investment Management "are not in a bubble", but "benchmark" stocks are.
The "benchmark" in Wood's words maybe referring to tech giants like $Meta Platforms(FB.US$ , $Amazon(AMZN.US$ , $Apple(AAPL.US$ , $Alphabet-A(GOOGL.US$ and $Microsoft(MSFT.US$.
Wood said "Our strategies would be flying if we were (in a bubble)."
$Tesla(TSLA.US$, $Coinbase(COIN.US$, $Teladoc Health(TDOC.US$, $Roku Inc(ROKU.US$ and $Zoom Video Communications(ZM.US$ are the biggest holdings of $ARK Innovation ETF(ARKK.US$.
ARKK has slumped 20% this year.
Wood said "we have not begun rewarding innovation for what's about to happen. So that's where our conviction comes from. The bubble is in the benchmark stocks."
Do you agree with her? ![]()
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Source: thestreet.com
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