Cathie Wood is finding it hard-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Cathie Wood is finding it hard to catch 2020 in a bottle again. The growth investor who became a market icon as the co-founder and CEO of the popular Ark Invest exchange-traded funds (ETFs) has been losing more than winning these days. Her investing style seemed to be marching back into fancy earlier this summer, but her most popular ETF has surrendered 22% of its value just over the last three weeks.

She's not one to shy away from fire sales, so it's not a surprise to see her adding to her positions in DraftKings, Zoom Video, and Twilio on Tuesday. Let's see why she's building up her stakes in these three names.

DraftKings

The NFL season kicks off -- literally and figuratively -- this week, so let's talk about DraftKings. The online gambling and fantasy sports specialist is driving down the field these days, even if it may not seem that way with a stock that is a whopping 79% below last year's all-time high.

Last month's quarterly report was a touchdown. Revenue surged a better-than-expected 57%, and the good news didn't stop there. DraftKings boosted its full-year revenue and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) guidance. There are now 1.5 million average monthly unique paying customers, a 30% increase over the past year. Average revenue per paying user is up also up 30% over the past year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

SherlynO
2022-09-11
SherlynO
REad
CherylD
2022-09-08
CherylD
[财迷]
Fangxiang
2022-09-08
Fangxiang
k
Celinejp
2022-09-08
Celinejp
👍
rayjs
2022-09-08
rayjs
aa
Dynamism
2022-09-08
Dynamism
k

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