Cathie Wood Gets Back on Track; Here Are 2 Stocks She’s Snapping Up

Cathie Wood made her name by backing growth-oriented and cutting-edge stocks with her Ark Innovation ETF delivering huge returns for investors before and during the Covid-era. That all changed, however, as market sentiment shifted, and the past two years have seen the once-lauded investor’s reputation take a hit with the ARKK fund posting huge losses.

But, so far, 2023 is turning out to be a turnaround story. ARKK is up nearly 20% since the turn of the year.

Meanwhile, Wood has been loading up on the equities she sees as game-changers. With this in mind, we decided to track down two stocks she’s been snapping up in recent times. With help from the TipRanks database, we can also gauge general Street sentiment toward these names. Here are the details.

Ginkgo Bioworks Holdings (DNA)

Innovation, you say? Well, Ginkgo Bioworks is a good place to start. Touting itself as the “Organism Company” and likening DNA to computer code, the company’s synthetic biology platform is designed to allow the programming of cells to be as easy as programming computers. The objective is for the company’s cell programming platform to facilitate the growth of biotechnology across a host of different markets, from pharmaceuticals to food to tech and cosmetics.  

Synthetic biology is a fast-growing emerging segment with myriad use cases. Between 2030-2040, from bioengineered products used across different end-markets, the company anticipates an aggregate ~$4 trillion yearly direct economic…

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