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The Rise and Rally of Three Stocks Cathie Wood Invested In

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Last week was a whirlwind of activity in the investing world as Cathie Wood, the CEO, co-founder, and primary stock picker of the Ark Invest family of exchange-traded funds (ETFs), was on a buying spree. Wood, known for her transparency in publishing daily portfolio transactions, significantly increased her stakes in three companies: UiPath (NYSE: PATH), The Trade Desk (NASDAQ: TTD), and Nu (NYSE: NU).

UiPath: The Phoenix of Robotics and Automation

The story of UiPath is akin to a phoenix rising from the ashes, trading at less than half of its IPO price from three years ago but showing a sharp upward trajectory recently. Despite facing challenges, UiPath’s financial performance has been commendable, with record revenue growth and improved margins. Wood’s decision to invest in UiPath showcases her confidence in the company’s growth potential, backed by its strong customer base and leadership in incorporating AI in robotics and automation.

Someone with a money bag as a thought bubble.

Image source: Getty Images.

UiPath’s resilience and ability to adapt to market demands have positioned it as a growth stock worthy of Wood’s attention, despite short-term market fluctuations.

The Trade Desk: Sailing Smoothly in the Adtech Waters

In the world of advertising, The Trade Desk stands out as a beacon of stability and growth. With a track record of eight consecutive years of double-digit revenue growth, the company’s leadership in programmatic advertising has garnered investor confidence. The recent financial results, where revenue exceeded market expectations and guidance pointed towards further growth, fueled optimism in The Trade Desk’s future prospects.

Nu: The Latin American Financial Dynamo

Among the three stocks, Nu, the parent company of Nubank in Latin America, shines as a standout performer. With staggering growth numbers, including a nearly tripled stock price since last year, Nu has captured the attention of investors. The company’s rapid growth, coupled with consistent profitability, showcases its potential as a leading fintech player in the region.

Wood’s strategic move to invest in UiPath, The Trade Desk, and Nu underscores her keen eye for promising growth stocks. The rally of these stocks adds another chapter to the evolving narrative of the financial markets.

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Rick Munarriz holds positions in Nu, The Trade Desk, and UiPath. The Motley Fool has positions in and recommends The Trade Desk and UiPath, and recommends Nu. The Motley Fool maintains a disclosure policy.

The opinions expressed here are those of the author and do not reflect Nasdaq, Inc.’s views and opinions.

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