Ark’s Cathie Wood Makes the Case for Her Stocks

Star investor Cathie Wood of Ark Investment Management has been adamant in recent weeks that the decline of tech stocks represents a buying opportunity rather than a sign of distress.

She defended her holdings of streaming platform Roku  (ROKU) – Get Roku, Inc. Class A Report, online videogame platform Roblox  (RBLX) – Get Roblox Corp. Class A Report and video meeting service Zoom Video (ZM) – Get Zoom Video Communications, Inc. Class A Report in an interview with CNBC Thursday.

On Wednesday, Ark purchased 454,667 shares of Roblox, recently valued at about $24.7 million. Ark bought on a day when Roblox stock fell 27%, after it reported worse-than-expected earnings.

Source: https://www.thestreet.com/investing/wood-case-for-her-stocks?puc=yahoo&cm_ven=YAHOO&yptr=yahoo