Cathie Wood Is Loading Up on Cash: 3 Stocks She Just Sold
Key takeaways
- NVDA ACHR HOOD Cathie Wood wasn t in a mood to shop on Thursday.
- Is she raising money because she s expecting the market to get cheaper in the coming weeks?
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
NVDA ACHR HOOD Cathie Wood wasn t in a mood to shop on Thursday. The founder CEO of Ark Invest did nothing but sell securities. She reduced her stake across more than 20 stocks within Ark s five aggressive growth exchange-traded funds (ETFs). She didn t buy a single thing.
Is she raising money because she s expecting the market to get cheaper in the coming weeks? The more likely rationale is that she s raising money to make sure she can participate in the big initial public offerings (IPOs) that are hitting the market in the next few weeks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »