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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought [Yahoo! Finance]
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The co-founder, CEO, and primary stock picker for Ark Invest is hoping to jump ahead of the market early this year. Ark kicked off the first full trading week of 2025 by making some moves. Wood added to her existing stakes in Amazon (NASDAQ: AMZN) GitLab (NASDAQ: GTLB) , and Pacific Biosciences of California (NASDAQ: PACB) on Monday. Let's take a closer look at Ark's latest purchases. 1. Amazon The leading online retailer may not seem like a bargain. Amazon stock hit an all-time high last month. The shares soared 44% last year, 4 times the 11% advance in net sales that it has posted through the first nine months of 2024. However, recent analyst notes suggest that Amazon is moving even higher. Scott Devitt at Wedbush raised his price target on the e-tailer from $250 to $260, tapping it as a top pick for the new year. Amazon's top line may not seem very impressive, especially with its own guidance calling for net sales growth to slow to 7% to 11% for the holiday quarter that cam
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