Cathie Wood: This one simple tailwind will push the bull market to 2038 — three stocks to ride It
Forget your inflation fears. Wood sees decades of big gains ahead
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With inflation running hot, interest rates on the rise, and valuations stretched, even mainstream Wall Street strategists are predicting major corrections.
But one super investor remains bullish — Ark Invest founder Cathie Wood.
In an interview with Yahoo Finance Live last month, Wood referenced research by Fundstrat’s Thomas Lee that suggests millennials could power the stock market rally until 2038.
“So this is the echo of the baby boom,” she said in reference to the rapid rise of millennial investors.
The top holding of Ark’s flagship ETF — ARK Innovation (ARKK) — is Tesla, a millennial favourite.
But Wood has plenty of other big bets, too.
Here’s a look at ARKK’s three largest holdings besides Tesla — one of them might be worth purchasing with some spare pennies .
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Coinbase Global (COIN)
If you’ve ever bought bitcoin from an exchange, you’ll know that there’s typically a transaction fee involved. And these transaction fees quickly add up.
That’s how Coinbase makes its money.
As the largest cryptocurrency exchange in the U.S., it earns a transaction fee every time someone buys or sells cryptocurrency on its exchange.
In Q2, Coinbase’s retail monthly transacting users grew 44 per cent sequentially to 8.8 million. It earned $1.9 billion in transaction revenue and over $100 million in subscription and services revenue.
The company represents just over 6 per cent of ARKK’s portfolio.