3 Stocks That Cathie Wood Is Buying During the Stock Market Sell-Off
The aggressive growth investor kicked off the new trading week with a few notable purchases.
There is opportunity in the volatility. Cathie Wood is a widely watched growth investor who has steered her Ark Invest family of exchange-traded funds to success when equity prices are rising. She's also not afraid to put money to work when stocks are sliding.
Wood added to her stakes in Nvidia (NASDAQ: NVDA), Baidu (NASDAQ: BIDU), and Iridium Communications (NASDAQ: IRDM) on Monday, a day that featured the market's widest swing in the last five years. The three stocks are trading well below their recent highs. Let's take a closer look at the growth prospects from these three investments at current levels.
Shares of Nvidia have cooled down after more than tripling in 2023, and tacking on another 171% jump last year. The chipmaker has fallen 27% this year as of Monday's close, down a blistering 36% since hitting an all-time high just three months ago.
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