Cathie Wood, founder and CEO of ARK Invest, recently made some notable trades involving Amazon and Mercadolibre stocks. Wood’s ARK ETF decided to make moves in these two major companies, signaling her confidence in their potential for growth.
Amazon, a giant in the e-commerce industry, has continued to see strong performance despite challenges posed by the pandemic. Wood’s decision to trade Amazon stock likely reflects her positive outlook on the company’s ability to adapt and thrive in the current market conditions.
On the other hand, Mercadolibre, a leading e-commerce platform in Latin America, has also been gaining traction in the market. Wood’s decision to trade Mercadolibre stock suggests her belief in the company’s growth prospects in the region.
Overall, Cathie Wood’s ARK ETF trades in Amazon and Mercadolibre stocks indicate her strategic investment approach and her confidence in the long-term potential of these companies. Investors may want to keep an eye on these trades as they could provide valuable insights into the future performance of these stocks.