Catherine Wood, the CEO of New York-based Ark Investment Management, has had it rough. The value of many of her company’s technology-related growth stocks has plummeted. The most popular cryptocurrency, Bitcoin, slipped below $30,000 earlier this week. After Tesla, Inc. CEO Elon Musk questioned the crypto industry’s energy-intensive mining processes, the tide flipped. Square, Inc. owns a crypto portfolio worth more than $400 million. Ark Investment Management’s digital payments company accounts for about 5% of its investment portfolio. Teladoc Health, Inc., a telehealth company situated in New York, is another company worth mentioning in Cathie Wood’s investing portfolio. Despite broad regulatory concerns about her large investments, Wood has remained enthusiastic about the crypto market. She’s also worked with Amun Holdings, a Swiss company that provides investors with exchange-traded funds.
Here is Insider Monkey’s list of the 10 best stocks to buy in 2021 according to Cathie Wood. CRISPR Therapeutics AG is a biotechnology firm based in Switzerland that was created in 2013. According to Cathie Wood, it ranks tenth on our list of the top ten stocks to purchase in 2021. Over the last year, CRISPR stock has returned more than 68 percent to investors. Spotify Technology S.A. was founded in 2006 and is a Swedish audio streaming and media services company. According to Cathie Wood, it is ranked ninth on our list of the top ten stocks to purchase in 2021. The company operates in dozens of countries and has offices in more than 15 of them. Baidu, Inc. is a worldwide technology company based in Beijing that was created in 2000. It comes in eighth place on our list of the top ten stocks to buy in 2021. Wood’s hedge fund, Ark Investment Management, has more than 5 million Baidu shares worth more than $1.1 billion. Shopify Inc. is a 2006-founded Canadian e-commerce startup. According to Cathie Wood, it ranks seventh on our list of the top ten stocks to purchase in 2021. With a market capitalization of about $150 billion, Shopify is one of the largest online retailers in the world. Exact Sciences Corporation is a molecular diagnostics company situated in Wisconsin that was founded in 1995. According to Cathie Wood, it is ranked sixth on our list of the top ten stocks to purchase in 2021. In the last year, investors have received a return of more than 26% on their investment in Exact stock. Read more details in the article 10 Best Stocks To Buy in 2021 According to Cathie Wood.
