3 Beaten-Down Cathie Wood Stocks to Buy Right Now

By newsfeedback@fool.com (Keith Speights)8 days ago

AD

Even the best investors can experience tough times. That's happening with ARK Invest founder and CEO Cathie Wood. The share prices of the five largest exchange-traded funds (ETFs) managed by Wood are well off their highs from earlier this year.

However, pullbacks present tremendous opportunities for other investors to scoop up shares of the best companies owned by the ARK ETFs. Here are three beaten-down Cathie Wood stocks that are especially great picks to buy right now.

Image source: Getty Images.

Sea Limited

Sea Limited (NYSE:SE) ranks as the fifth-largest position in Wood's ARK Fintech Innovation ETF. It's No. 10 among the top holdings in the ARK Next Generation Internet ETF. The company's shares have retreated more than 12% from the peak set in February.

Sure, the company announced a steep Q4 loss in early March. However, the stock's decline is more related to a rotation away from growth stocks than anything related to Sea's underlying business. Actually, the company's business is booming.

Continue read on fool.com