7 in its holdings. "You have to have a very collegial and collaborative group," Wood said. "You know how kids ask, 'Why? Automaker Extending Strong 2021 Gains, Dow Rallies After Pelosi Makes Stimulus Pledge; Nasdaq Surges As Yields Slide; Apple Stock Jumps, Dow Jumps 300 Points, While Tech Stocks Soar As Yields Fall; Tesla Surges 14%, ARKK Stock: How To Trade ARK Innovation With Options. "If you are buying into a vacuum of conventional wisdom ... the potential to capitalize is enormous," Wood told Investor's Business Daily. The success of ARK Invest, the firm she founded in 2014, proves Wood's method works. "You can think big when you're thinking about macroeconomics.". That made Regeneron the fourth-most popular stock in the portfolio, with total holdings of more than $530 million. You can't succeed on your own, Wood says. Overcame: Hurdles for women in the investment industry. Surround yourself with people trying to shape the future, she says. Its holdings include stocks in the CRISPR, molecular diagnostic, and bioinformatics niches, and this week, Regeneron Pharmaceuticals (NASDAQ:REGN) got a lot of interest from the ETF. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. "In the sharing economy world and the networking world, if you don't give, you don't get," Wood said. "That's going to become more and more true, because so much is changing," she said. How Much $10,000 Invested At The Financial Crisis Low Is Worth Now, After 183% Run, GNRC Stock Peer Revs Up New Buy Point As Market Corrects, Chinese Stocks Emerge Stronger, Post COVID, Futures Up As Consumer Price Data Eases Inflation Fears, best known for passive, index-style investing, funded payroll with money from her checking account, tough to beat a blank sheet of paper for innovation, EV Stocks Rebound As Tesla Rival Rivian Eyes This 'Huge Step', Tesla Stock Jumps As China Sales Show Changing Market Dynamics, Nasdaq Spikes 500 Points, Led By Tesla, Peloton, DocuSign; 3 Bitcoin Stocks Score Bullish Gains, Dow Jones Rallies On Apple, Intel As Tech Stock Rebound Fuels Nasdaq; Bond Yields Fall, Is Ford Stock A Buy Now As It Flashes This Bullish Signal? ARK Invest looks for big stock success stories in cutting-edge tech areas: DNA sequencing, robotics, artificial intelligence, energy storage and blockchain technology. Hence, her fascination with Tesla. ARK Autonomous Technology & Robotics (NYSEMKT:ARKQ) aims to profit from companies that are automated the world, with stocks in areas like self-driving vehicles, 3-D printing, and space exploration. Cathie Wood's Keys At Ark Invest Founder and CEO of ARK Invest, one of the fastest-growing and successful asset managers and ETF providers. She posted her firm's Tesla valuation analysis online. Exchange-traded funds were initially designed to offer a low-cost way to invest in the whole stock market. Returns as of 03/10/2021. "I think I understand how it works now. Market data powered by FactSet and Web Financial Group. In 1977, when she was a junior, he got her an internship at Capital Group, an investment firm known for research and long-term view. Get these newsletters delivered to your inbox & more info about our products & services. Investors interested in the internet have gravitated to ARK Next Generation Internet (NYSEMKT:ARKW), with more than $5 billion in assets under management. Double-down on innovation. Laffer further switched her on to economics. The traditional investment portfolio diversification is getting less relevant. But what she did do was start a money-management firm that invests in companies with therapies that "will potentially cure cancer.". Lesson: Make your boss look great. Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler. As chief investment officer of ARK Invest, Wood … Cathie Wood, the founder of global asset management company ARK Investment, says Bitcoin has more upside potential as the leading crypto asset is a much bigger idea than tech giant Apple or Amazon. "My faith was a big part of it," Wood said. "Those were the most exciting times for me because I always believe truth wins out.". "I didn't do either," she said. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Four purchases from Feb. 8 to 11 added a total of more than 61,000 shares, or almost $90 million. Wood's disruptive emblem of success? ", Eventually, two financial firms partnered with Wood to help distribute ARK's ETFs. Overcame: Hurdles for women in the investment industry. "We didn't stop. Moreover, Ping An Insurance owns a 41% stake, and its focus on healthcare insurance is squarely within the fintech ETF's purview. But two massive buys on Feb. 10 and 11 added nearly 2.6 million shares of the Chinese company, representing close to 1% of the ETF's $2 billion in assets. "They are bringing the most interesting, provocative or controversial ideas they've heard all week," Wood said. Finding emerging technologies and budding inventors who will change the world takes vision. Drowning out naysayers and staying focused is a prerequisite for success, she says. Serving more than 1.5 million game creators, more than half of video games on mobile devices, computers, and game consoles relied on Unity for their initial build. ARK offers three reason why we believe innovation should be represented in an investor’s portfolio: Invest In The Future Today. The whole asset management industry is trying to catch up. Yet although the pandemic has hit sales, the rising prospects for automated healthcare equipment make the stock look more attractive than it has in a long time. ARK Invest's ETF assets are accumulating at a record pace. "I thought I'd go into geology, astronomy, engineering," she said. Catherine Wood also famously known as Cathie Wood is CEO & CIO of the ARK-Invest. And in a world driven by disruption, "make sure you're on the right side of change," Wood said. Back in 2014, that blank-slate thinking highlighted the belief autonomous cars were the future, she says. People who want to succeed should think like a disrupter, Wood says. In a new Yahoo Finance interview, Wood explains why she believes Bitcoin and other cryptocurrencies have a bright future. By 12, she had moved 10 times. Like many college students, Wood — who paid her own tuition working at supermarkets and restaurants — wasn't sure what she wanted to do. Her five-year price target at the time was nearly 10 times Musk's proposed takeout price. Her $16.4 billion Ark Innovation ETF has returned 152% in 2020. In a Forbes column last summer, Steve Forbes wrote: "Wood has a knack for uncovering unconventional opportunities that will enrich our future, not to mention your long-term portfolio.". As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. ARK's Next Generation Internet ETF holds a … The uncertainty hasn’t stopped Wood from posting some of the best numbers in the history of money management. The information and content are subject to change without notice. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. I was probably one of those kids," Wood said. I said, 'OK, this is what I want to do.'". "That's the key from a cultural point of view. Wood treats research like "open-source software." Wood looks forward to every Friday at 10:30 a.m. That's when Wood and her team of analysts — some half her age — assemble for a brainstorming meeting. Focus on the future. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Cathie Wood Bio – Today. You'd be wise to follow Cathie Wood, founder and CEO of ARK Invest. Looking for a template for winning at work? The new market rally hasn't given this signal yet.... 3/10/2021 "Not blind faith. Yet Regeneron has a much longer history of promising treatments, and Wood likely sees solid growth opportunities well beyond the pandemic's effects. Over her 40-year career, Wood, now in her 60s, rose to the top in the male-dominated world of Wall Street. Dow futures rose but Nasdaq futures fell as Treasury yields... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months weeks of IBD Digital for only $20! This week, the fund added to existing positions in e-commerce enabler Shopify (NYSE:SHOP). It might therefore seem strange to see Ping An Healthcare and Technology (OTC:PANH.F) in a fintech portfolio. Her dad intervened, nudging her toward economics. You need to spend time with innovators to be on the cutting-edge yourself, Wood says. Regeneron has had its prospects connected to the COVID-19 pandemic throughout 2020 and early 2021, with its antibody cocktail treatment having had some success fighting the disease. Investment career. Adapting to change and embracing new things powers her. "Trying to figure how big they are. "The white sheet of paper starts us asking questions," Wood said. BREAKING: Futures Up As Consumer Price Data Eases Inflation Fears, ARK Invest CEO Cathie Wood with her mentor Art Laffer on the NYSE podium on Oct. 21, 2014. While at the University of Southern California, Wood found a mentor in economics professor Art Laffer. So, 20 years away. That's a big secret to success. The company has made it easy for businesses of all sizes to establish a web presence, and that's been critical during the pandemic to help companies stay in business. But even if they fall short, the stocks that the ARK Invest chief investment officer chooses are worth a look from investors looking for great stock ideas. In 2018, she increased it to No. Musk was vastly undervaluing his company and depriving investors of sharing in its success. We’re motley! A light went off when Wood tackled her first assignment. I was going to make my boss look brilliant. After CEO Elon Musk's tweet two summers ago about taking the vehicle maker private for $420 a share, Wood wrote to him. Wood emits boundless curiosity. That brought ARK Innovation's stake in Unity to 1.6%, putting it among the top 25 holdings. Sign up for a free trial today to watch live. Realtime quote and/or trade prices are not sourced from all markets. Putting the pieces of the puzzle together with each other is going to get us to the truth faster.". To be successful, Wood says, you need conviction in your ideas. Bitcoin is approaching the $50,000 level, but Cathie Wood 's Ark Invest says the hype "seems contained." The question isn't if CEO Cathie Wood has made it to the top, but if she can stay there. "I had this wow moment," Wood said. Robotic surgical equipment pioneer Intuitive Surgical (NASDAQ:ISRG) is a natural fit for the fund, and on Feb. 12, the ETF bought nearly 21,000 shares, making up about 0.4% of the fund's assets and working out to about $17 million. The money manager isn't afraid to take risks, either. The fund bought more than 419,000 shares on Feb. 8, worth more than $50 million and representing a third of a percent of the ETF's total assets. Below, you'll learn more about five stocks that got some love -- and a nice chunk of investment capital -- from Wood's five active ETFs. "People would say, 'Oh, my gosh, you were made fun of, you were ridiculed, they treated your research with derision,'" Wood said. But there's an ETF revolution going on, and investing star Cathie Wood's ARK Invest actively managed ETFs are more popular than ever after more than doubling in value in 2020. Get market updates, educational videos, webinars, and stock analysis. Wood funded payroll with money from her checking account. Intuitive Surgical has been a giant in robotic surgery for a long time, but until 2020, the company's stock had largely gotten stuck in a holding pattern. Get top-quality trade ideas at the push of a button with the IBD Stock Screener. A Dive Into IPO Investing, Copyright, Trademark and Patent Information. Wood recalls attending meetings in her 20s and being viewed as the note taker. Making it on Wall Street as a woman 40 years ago wasn't easy. (ARK Invest). Ping An's healthcare services include a customer-facing platform for obtaining medicines and medical equipment, obtaining physical exams and genetic testing, online consultations and referrals, and health management and wellness.