Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

1 week ago 4

Unlock banal picks and a broker-level newsfeed that powers Wall Street.

Rick Munarriz, The Motley Fool

Mon, Apr 7, 2025, 4:30 AM 5 min read

It's shaping up to beryllium different rocky week of trading, and the volatility volition astir apt support Cathie Wood busy. The co-founder, CEO, and ace banal picker for Ark Invest tends to beryllium progressive erstwhile the market's moving 1 mode oregon another. She bought shares successful 4 antithetic companies crossed her household of growth-focused exchange-traded funds during Friday's sell-off. I privation to speech astir 3 of them.

Wood added to her existing positions successful Amazon (NASDAQ: AMZN), Coinbase Global (NASDAQ: COIN), and CRISPR Therapeutics (NASDAQ: CRSP) connected the last trading time of past week. Let's instrumentality a person look astatine Ark's latest purchases.

The starring online retailer saw its shares descent 13% during the melodramatic sell-off connected Thursday and Friday, astir successful enactment with the wide market's pullback. Amazon has present shed astir 30% of its worth since hitting an all-time precocious conscionable 2 months ago.

Amazon peaked 2 days earlier posting better-than-expected fourth-quarter financials. Net income roseate 10% to $187.8 cardinal for the holiday-spiked quarter. The way down the income connection was adjacent better. Amazon's operating nett soared 61% to $21.2 billion. Net income astir doubled to $20 billion. It was a seemingly beardown fiscal performance, but there's a crushed things person been mostly going downhill since the Magnificent Seven workhorse announced its results.

Guidance was the archetypal dagger. The 4th fourth was great, but the outlook for the archetypal 4th that ended past week was little than encouraging. Amazon is eyeing conscionable $151 cardinal to $155.5 cardinal successful nett income for the archetypal 3 months of this year. The sequential dip isn't a problem; it's what happens to astir retailers aft the vacation income subside. The occupation is that this is conscionable a 5% to 7% summation from wherever it landed a twelvemonth earlier for the aforesaid quarter.

Amazon is targeting $14 cardinal to $18 cardinal successful operating income, a specified 5% summation astatine the midpoint from the $15.3 cardinal the institution rang up successful the anterior year's archetypal quarter. But analysts proceed to beryllium optimistic. They spot nett income rising 8% with bottom-line results rising astir 40% erstwhile Amazon reports successful a mates of weeks. With Amazon banal selling disconnected with the marketplace successful caller weeks, it isn't a astonishment to spot Wood broadside with the upbeat Wall Street pros and bargain much of the banal during its 29% drawdown.

It's not conscionable stocks that are falling these days. Crypto has besides proved mortal. Like Amazon, Bitcoin (CRYPTO: BTC) has surrendered astir 30% of its worth since peaking earlier this year. A batch of the lesser known integer currencies person taken adjacent bigger hits.