Did You See What Cathie Wood Bought on Wednesday?
Rock-star money manager Cathie Wood makes it easy for the rest of us to see what's in her shopping bag. She posts nightly buy and sell transaction reports across all of her ARK Invest exchange-traded funds, and it's always interesting to see which names are becoming a bigger part of her firm's portfolios and which names are going the other way.
On Wednesday, she added to her existing positions in DraftKings (NASDAQ:DKNG), Fate Therapeutics (NASDAQ:FATE), and Zoom Video (NASDAQ:ZM). Let's see why these are three stocks worth getting excited about.
Sports fans are generally overconfident about two things. They think that this will be the year when their favorite team wins it all. They also think they're better than the average spectator at sizing up individual performances and determining which team will come out on top in any given contest.
DraftKings has historically focused on player-centric scenarios. It's a leader in fantasy sports, where its users compete for cash prizes by attempting to single out the top daily performers among athletes. But that's a natural gateway to offering …
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