2 Cathie Wood Stocks to Consider if the Stock Market Crashes

Cathie Wood, founder and CEO of ARK Invest, has gained popularity in the past few years as an investment manager behind a well-performing group of exchange-traded funds (ETF’s) that are followed closely by folks on Wall Street and Main Street alike. The fund posted excellent performance in 2020…

Interestingly, Cathie Wood posts a daily update about her portfolio of holdings, which makes it easy for those at home to follow her moves. Two stocks in Cathie Wood’s top 25 holdings are Roku (NASDAQ:ROKU) and DraftKings (NASDAQ:DKNG). These two companies are near the top of the field in their respective categories and they could become good stocks to buy in the next stock market crash.

Let’s take a look at why that’s the case.

1. Roku

Roku, the streaming content platform pioneer, benefits from a long-run secular tailwind as consumers watch more streaming content and less linear TV. In fact, in Roku’s first quarter, folks watched 18.3 billion hours of content through its platform, increasing 49% from the 12.3 billion hours in the same quarter last year.

Certainly, some of that increase was fueled by the effects of the coronavirus pandemic. Even though economies are reopening and vaccination campaigns are well underway, people still spend more time at home than before the pandemic onset. Still, the secular shift away from linear TV appears to be the stronger factor in the company’s prospects…

Continue reading at THE MOTLEY FOOL

Leave a Reply

Your email address will not be published.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