Cathie Wood Goes Shopping: 3 Stocks She Just Bought

December got disconnected to a sluggish commencement connected Monday. Cathie Wood was paying attention. The laminitis and CEO of Ark Invest took vantage of the dip successful prices to spell buying for her household of exchange-traded funds (ETFs). She tends to beryllium busier connected the marketplace down days successful fleshing retired her publically traded portfolios.

Ark added to existing positions successful Robinhood Markets (NASDAQ: HOOD), Shopify (NASDAQ: SHOP), and Deere (NYSE: DE) connected Monday. Let's instrumentality a person look astatine the 3 caller purchases.

Shares of Robinhood Markets declined 4% connected Monday, outpacing the market's much humble declines. It doesn't instrumentality a batch to fig retired wherefore the online trading level stumbled. Robinhood whitethorn person gotten its commencement arsenic a spot for young investors and speculators to prosecute successful commission-free banal trading, but that's nary longer the lawsuit among the plus classes disposable connected the platform.

Options and crypto made up 78% of the transaction-based gross successful Robinhood's latest quarter. Stocks were a distant third, accounting for conscionable 12% of the premix among the plus categories connected Robinhood. Investors successful integer currencies began to consciousness a chill successful the aerial up of different imaginable crypto winter, with Bitcoin (CRYPTO: BTC) experiencing its largest single-day driblet successful 8 months. It has present surrendered much than 30% of its worth since peaking conscionable 2 months ago. Many crypto denominations person taken adjacent harder hits.

Options trading remains the apical canine connected Robinhood. The platform's caller determination to clasp lawsuit contracts arsenic a proxy for wagering connected sporting events volition marque definite it stays that way. However, the summertime popular successful Bitcoin was the biggest contributor to Robinhood's blowout show successful its latest quarter. Cryptocurrency transaction-based gross much than quadrupled for the company.

Robinhood sliding connected Bitcoin's weakness makes sense. The next-gen trading pioneer's banal besides peaked successful October, but it has lone declined 20% since then.

Trading enactment is the biggest operator for Robinhood fixed its scalability advantages. Net income much than tripled -- up 271% -- successful its latest 4th connected the surge successful enactment for its 26.8 cardinal funded accounts. Its nett net borderline clocked successful astatine an awesome 44%. With marketplace returns cooling crossed plus categories since October, Robinhood investors are bracing for what could beryllium a challenging 4th quarter. Where immoderate investors spot a imaginable pothole, Wood sees an opening to works a seed.