Trending Cathie Wood Stocks This Week

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As a researcher with experience in following the tech and crypto markets, I’ve noticed that Cathie Wood’s ArkInvest portfolio has seen some volatility lately. While certain stocks have experienced upticks, such as Coinbase (COIN) and Tesla Inc. (TSLA), others have struggled due to broader macroeconomic factors.

As a crypto investor, I’ve noticed an uptick in Cathie Wood’s stocks recently. This could be due to investors holding out hope for a turnaround in macro factors. On the other hand, some tech stocks have seen significant inflows, with Nvidia’s rally making it the largest tech company by market capitalization. However, despite these gains, assets are still falling short of the inflows we saw in Q1 2024, which led to better-than-expected earnings.

Cathie Wood of ArkInvest gained prominence for her daily updated stock portfolio. In 2021, her stocks witnessed significant growth and attracted widespread attention, fostering a dedicated following. However, the past few years have not been as fruitful. The crypto stocks within her portfolio took a hit due to the broader market decline. Here’s a list of Cathie Wood’s trending stocks this week.

Coinbase (COIN)

Coinbase’s digital asset, COIN, is experiencing a downturn this week, mirroring Cathie Wood’s stock trend. Despite the 3.90% decrease and current price at $255.86, optimism remains for a market rebound. The crypto market decline led to an 8% drop in COIN this week, but bulls anticipate favorable shifts as cryptocurrencies begin to recover with slight gains. This could potentially benefit COIN in the near future.

Tesla Inc (TSLA)

Tesla, a leading electric car manufacturer, experienced a 0.79% increase, closing at $183. The company’s stock has been drawing investment as investors shift their focus towards sustainable energy alternatives. The escalating trend of electric vehicles has significantly boosted TSLA’s growth over the past few years. However, due to macroeconomic influences, its weekly performance saw a 1% decrease, reversing some previous progress.

Robinhood (HOOD)

Robinhood Markets Inc.’s stock, symbolized as Hood, has seen a surge this week despite the market downturn, with inflows being the driving factor. The weekly trading volumes have dipped by 3%, but the monthly numbers have risen to 13%. The broader investor base is becoming more engaged with Robinhood due to recent business deals and collaborations. Since the beginning of the year, Hood’s stock price has climbed more than 70%.

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2024-06-23 02:31