Trending Cathie Wood Stocks This Week
Highlights
- Cathie Wood stocks are trending in the market after previous gains.
- Coinbase trades negatively amid the belief that the crypto rebound will affect the asset.
- The wider market anticipates a stock climb similar to Q1 2024 volumes.
Cathie Wood stocks recorded some upticks as investors await a turnaround in macro factors. Some tech stocks notched inflows on the back of Nvidia’s rally to become the largest complaint by market capitalization. Despite this, assets are still steps behind the Q1 2024 inflows that led to better-than-expected earnings.
ArkInvest’s Cathie Wood became popular for her stock portfolio which gets updated daily. In 2021, Cathie Wood stocks surged gaining mainstream traction and building a community, however, recent years have not been as successful. Crypto stocks in the mix dropped due to the wider market downturn. Here are trending Cathie Wood stocks this week.
Coinbase (COIN)
Digital asset exchange Coinbase is trending Cathie Wood stock this week. COIN has plummeted due to the crypto market decline but holds lots of optimism with the rebound. The asset is down 3.90% and trades at $255.86. This week COIN plummeted a massive 8% as crypto volumes declined across Bitcoin and altcoins. Bulls eye a change of events as cryptocurrencies mark a rebound recording slight gains in the market. This could spell positives for the asset in the short term.
Tesla Inc (TSLA)
Electric car manufacturer, Tesla went up 0.79% to trade at $183. TSLA continues to attract inflows as investors move towards renewable energy solutions. The surge in electric vehicles has spurred the growth of the stock in recent years. However weekly number fell like other assets due to macroeconomic factors. In the last seven days, TSLA saw a 1% decline lowering previous gains.
Robinhood (HOOD)
Robinhood Markets Inc. is among tending weekly Cathie Wood stocks. HOOD is up this week amid the market correction as inflows continue. Weekly volumes are down 3% while monthly numbers increase to 13%. Robinhood attracts wider market participation based on recent deals and partnerships announced. This year, the stock is up over 70%.
Also Read: Defiance Capital Flags Ecosystem Compromise, What Is Happening?
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