Latest News

Cathie Wood talks about her top disruptive ideas, including Netflix and Tesla


A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York.

Lucas Jackson | Reuters

Star fund manager Cathie Wood on Friday discussed a few of her top disruptive stock ideas, including Netflix and Tesla.

Wood’s flagship fund, Ark Innovation, has had a tough 2021 as investors have favored value and cyclical stocks amid the reopening of the U.S. economy and the rollout of the Covid-19 vaccines.

While the fund gained 1.2% on Friday, the “disruptive innovation” ETF only one day prior bounced off its 2021 low, a level that many investors are watching as a barometer for the larger tech sector.

The ETF is down 11.8% since the end of 2020 and fell just shy of 9.2% on the week.

Still, Wood told “Closing Bell” she loves the current set-up and doubled down on some of her top ideas. She began be defending her practice of keeping Netflix and Deere in her space-oriented ETF.

Tesla can’t promise driverless cars in 2021, engineer tells California DMV

Previous article

Cramer’s week ahead: The stock market can keep climbing ‘now that the Fed remains our friend’

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News