Cathie Wood Stocks Trending Up This Week: A Look at the Top Performers

Cathie Wood, the founder and CEO of ArkInvest, has been making waves in the stock market with her daily updated stock portfolio. In 2021, Cathie Wood stocks gained mainstream traction and built a strong community of followers. However, recent years have not been as successful for Wood, with some of her investments facing challenges.

This week, some of Cathie Wood’s stocks have been trending as investors await a turnaround in macro factors. One of the tech stocks that saw inflows was Coinbase (COIN), a digital asset exchange. Despite the recent decline in the crypto market, COIN holds optimism for a rebound. The stock is currently down 3.90% and trading at $255.86. This week, COIN plummeted by 8% as crypto volumes declined, but there is hope for a change in fortunes as cryptocurrencies show signs of a rebound.

Another trending Cathie Wood stock this week is Tesla Inc (TSLA), the electric car manufacturer. TSLA went up by 0.79% to trade at $183, attracting inflows as investors move towards renewable energy solutions. The surge in electric vehicles has driven the growth of the stock in recent years. However, like other assets, TSLA saw a 1% decline in the last seven days due to macroeconomic factors.

Robinhood Markets Inc. (HOOD) is also among the trending weekly Cathie Wood stocks. HOOD is up this week despite the market correction, with inflows continuing. Weekly volumes are down by 3%, but monthly numbers have increased by 13%. Robinhood has attracted wider market participation based on recent deals and partnerships announced, with the stock up over 70% this year.

Overall, Cathie Wood stocks have been in the spotlight this week as investors navigate the market volatility and look for opportunities to capitalize on potential rebounds. With the crypto market showing signs of recovery and the electric vehicle sector continuing to grow, there is optimism for the future performance of these trending stocks.