Trending Cathie Wood Stocks This Week
Highlights
- Cathie Wood stocks continue to garner momentum in the market.
- Meta recorded inflows in the last 24 hours following bullish sentiments.
- Coinbase traded on the lines of digital assets with slight outflow.
Cathie Wood stocks are popular following previous market gains although recent years have been less impressive. Today, the stock market attempted a rebound with some tech stocks recording inflows due to increased sentiments. Crypto stocks have also recorded a similar fate to digital assets this week following recent events.
ArkInvest’s Cathie Wood stocks are updated daily with popular demand as investors check on trending assets. This week most trending assets remain in the red zone with bulls expecting a rebound after Feds left interest rates unchanged. While most assets are down, Meta notched slight gains in the last 24 hours. Here are the trending Cathie Wood stocks this week.
Meta Platforms Inc (META)
Meta recorded slight inflows today alongside other tech stocks. The tech giant trades at $504, a 0.11% increase adding to weekly growth. This week, the asset increased over 2% as its bullish trajectory garners steam. Although it trades shy of its first quarter performance, year-to-date flows are at 45% with decent prospects in Q2. Meta’s Reality Labs continue to post quarterly losses with a $3.85 billion operating loss in the first three months.
Coinbase (COIN)
The stock of digital asset exchange Coinbase trades slightly underwater with a 1.27% decline today. At press time, the asset trades at $244.50 with bulls pointing to longer-term gains. Weekly figures are in the green zone after recording over 1.3% inflows. Like Meta, COIN posted surging growth this year after a bullish Q1 performance. Better-than-expected quarterly earnings showed the performance of crypto assets after the approval of spot Bitcoin ETFs.
Despite the drop in Bitcoin price below $70,000, market bulls set sights on upcoming bullish events to rally the asset’s price. COIN remains a trending Cathie Wood stock after its recent market performance.
Robinhood (HOOD)
HOOD is a trending Cathie Wood stock after the company acquired Bitstamp in a $200 million deal. Robinhood is projected to benefit from its crypto investors but also a MiCA licensee that will guarantee ease in Europe. HOOD trades at $22.42 and has surged 22% this month.
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