The stock market is usually driven by various factors such as capital inflows, demand trends, and institutional investor sentiment. At the same time, the cryptocurrency market is experiencing a mild recovery, with asset prices rising over the past week.
Over the years, the investments made by Ark Invest and Cathy Wood have attracted significant attention, especially considering the good returns generated by these actions. The transparency of their holdings, trades, and related activities has piqued the interest of many traders. Technology stocks have lifted the stock market this year, leading to significant price increases. Here are some notable stocks worth watching from Cathie Wood:
Square Inc. (SQ)
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Backed by Jack Dorsey, Block Inc. is one of Cathy Wood’s most popular stocks. The company’s efforts to expand its user base are a key factor. In the past 24 hours, Block’s stock price has risen by 1.10%, trading at $64.49. Despite midweek volatility, the stock’s performance last week remains optimistic.
Coinbase (COIN)
The leading digital asset exchange Coinbase remains Cathy Wood’s top choice and has seen bullish activity over the past six months. This week, with stability in the cryptocurrency market, Coinbase shows signs of recovering losses. Despite recent declines, the stock has risen by 5% in the past 5 days. Year-to-date, Coinbase has risen by 28%.
Coinbase’s performance is closely tied to the prices of cryptocurrencies
such as Bitcoin and other digital assets. If macroeconomic factors improve, the stock may show an upward trend again.
Tesla (TSLA)
Tesla’s stock has been rising in recent months as they aim to recover from earlier declines this year. In the previous trading day, Tesla’s stock rose by 0.46%, with a 12% increase over the past week. With capital inflows picking up after the bear market, monthly revenues have grown by 19%.
