Cathie Wood's Ark Invest is buying the dip on tech stocks

Ark Invest CEO Cathie Wood has bought into the dip, adding positions in Amazon (AMZN), Tesla (TSLA), and Tempus AI (TEM) across the invest firm's ETF portfolios. In addition, Ark Invest added positions on Reddit (RDDT) and Meta Platforms (META) to its fintech fund.

Catalyst Anchors Madison Mills and Seana Smith break down the latest developments around Cathie Wood's "buy the dip" approach amid market volatility.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino

Video Transcript

Kathy Wood and Arc invest, buying the dip.

The investor is using the current market reset to add over two dozen of her current positions, including more investments in Amazon and Tesla just to run through a couple more.

So the Arc Innovation ETF that is ticker A RKK.

Uh You can see that on your screen right now up a little over 3% today.

But uh purchasing Amazon A MD and Roku now a fin tech focused Fund of the Firm Arc Investment Management, also reddit and meta that is according to some tabulations that are put out by the firm on a daily basis and these purchases happened at the beginning of the week.

So that is interesting and indicative of uh woods firm kind of buying the dip when it was at its strongest earlier in the week on Monday here.

Uh And it's interesting though to compare and just give a little bit of size and scope because we know that ARC is down more than 20% this year.

Uh Some 75% of its value has been wiped off since the peak in early 2021.

So it is interesting that we continue to monitor this ETF as much as we do.

But, uh, the street loves to look at Kathy Woods investment moves as potentially an indi indicator of something to come.

Yeah, exactly.

And I, and I think she's going in buying the dip and a lot of these, uh, tech favorites or some of them have been tech favorites in the past when you take a look at Amazon and also that recent run up that we had seen in Tesla before the recent pressure, not necessarily a huge surprise, but again, many people are closely tracking Cathy Wood given her track record over the past several years, some of the success that she has had, but it is important to say that her arc uh arc had hit the lowest level of the year here going into that.

A lot of that due to the broader pressure that we've seen across the markets here.

But again, Kathy Wood seeing a reason to buy some of these names and Amazon, I believe adding that to three of her funds.

So again, see real opportunity there on, on the heels of some of the pull back that we have seen in Amazon Stock.