The stock market is usually driven by a variety of factors, such as capital inflows, demand trends, and institutional investor sentiment. At the same time, the cryptocurrency market is experiencing a moderate recovery, with asset prices rising in the past week.
In recent years, the investment of Ark Invest and Cathy Wood has attracted considerable attention, especially considering the positive returns generated by these measures. The transparency of their holdings, trades, and related activities has piqued the interest of many traders. So far this year, the technology sector has provided a boost to the stock market, driving stock prices significantly higher. Here are some notable stocks worth watching from Cathy Wood:
Square Inc. (SQ)
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Supported by Jack Dorsey, Block Inc. is one of the most popular stocks under Cathy Wood. The company’s efforts to expand its user base are a key factor. In the past 24 hours, Block’s stock price has risen by 1.10%, trading at $64.49. Despite midweek volatility, the stock’s performance last week remains optimistic.
Coinbase (COIN)
Leading digital asset exchange Coinbase remains Cathy Wood’s top choice and has seen bullish activity over the past six months. This week, with the stability of the cryptocurrency market, Coinbase has shown hope of recovering losses. Despite recent declines, the stock price has risen by 5% over the past 5 days. Year-to-date, Coinbase has risen by 28%.
Coinbase’s performance is closely related to the price of cryptocurrencies such as Bitcoin and other digital assets. If macroeconomic factors improve, the stock may once again show an upward trend.
Tesla (TSLA)
Tesla’s stock price has been rising in recent months as they aim to recover from the earlier downturn this year. On the last trading day, Tesla’s stock price rose by 0.46%, with a 12% increase over the past week. With a rebound in capital inflows after the bear market, monthly performance has grown by 19%.
