As the stock market experiences fluctuations, investors turn to Cathie Wood’s stock portfolio for potential opportunities. Here are five top picks to consider this month.
Tesla (TSLA)
Tesla, a cornerstone of Cathie Wood’s portfolio, has witnessed recent surges amid growing investor sentiment. Despite a slight dip of 3% in the last 24 hours, TSLA boasts a 5% weekly increase and a remarkable 24.49% growth this month, trading at $180.
Coinbase (COIN)
The leading US cryptocurrency exchange, Coinbase, has garnered significant attention following a Q1 rally and the surge in Bitcoin prices. With a 5.7% growth in the last 24 hours, COIN trades at $231.51, attracting over 7% inflows this week.
Block (SQ)
Backed by Jack Dorsey, Block, formerly known as Square, continues to witness expanding adoption. Despite a 5% decline, SQ trades at $67.3 and maintains its position as a highly ranked asset in the market. The company reported $5.96 billion in Q1 revenues, slightly exceeding expectations.
Meta Platforms (META)
Meta Platforms, previously Facebook, has seen recent green flips and sustained inflows following a strong Q1 2024 performance. With a stock price of $467.78 and a 0.68% increase today, META maintains a 38% rally in the last six months, despite a 1% dip this week.
Robinhood (HOOD)
Despite recent declines, Robinhood has attracted significant inflows this year, with a 6.2% decline in the past 24 hours. Trading at $16.96, HOOD has recorded a noteworthy 7% growth this week, supported by better-than-expected results last quarter, pushing monthly flows above 11%.
Also Read: Robinhood’s Remarkable $157 Million Profit in Q1 2024
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