5 Best Cathie Wood Stocks To Buy This Month

23 May, 2024 Updated 27 Aug, 2024

By David Pokima

Crypto Journalist

Expertise : Finance/Crypto Journalist

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Cathie Wood, the CEO of ArkInvest updates her stock portfolio daily and has gained a large following since 2020. Although huge inflows were recorded that year, recent years have seen negative returns. As stocks rebound, investors are drawn to the market seeking to record quarterly inflows. The stock market plummeted today ahead of the Nvidia Q1 earnings release but investors remain on the watch. Here are the top five Cathie Wood Stocks but this month.

Tesla (TSLA)

Cathie Wood holds Tesla stock in her portfolio with the asset surging in recent weeks amid increased sentiments. The electric car company is down 3 in the last 24 hours as many stress entry points considering previous movements. TSLA trades at $180, a 5% weekly jump and a 24.49% growth this month.

Coinbase (COIN)

The largest cryptocurrency exchange in the United States has seen significant inflows on the back of a Q1 rally and increased Bitcoin prices. COIN exchanges at $231.51, a 5.7% growth in the last 24 hours. This week the asset has attracted over 7% inflows.

Block (SQ)

Jack Dorsey-backed payment company Block continues to expand in terms of adoption. At press time, SQ exchanges at $67.3, a 5% decline but continues to be a highly ranked asset in the market. The company formerly known as Square reported $5.96 Q1 revenues slightly over expectations and remains in Cathie Wood’s portfolio.

Meta (META)

Meta Platforms flipped green and maintained inflows recently after a strong Q1 2024 performance that led to increased revenues and projections for the rest of the year. The stock price stands at $467.78, a 0.68% increase today. This week, the asset plummeted 1% but maintained a 38% rally in the last six months.

Robinhood (HOOD)

Robinhood has attracted inflows this year despite trading in the red zone in the last 24 hours. The asset trades at $16.96, a 6.2% decline in the past 24 hours. This week, HOOD has recorded an impressive 7% growth, taking monthly flows above 11%. The company reported better-than-expected results last quarter.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Cathie Wood

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.