According to Cathie Wood, we recently compiled a list of the 10 Best Stocks to Buy and Hold For 5 Years. This article will examine where Roku, Inc. (NASDAQ: ROKU) stands against the other stocks.
As the saying goes, time and time wait for nobody. This also holds for Wall Street, where not only are fortunes made in the blink of an eye, but things can take a 180-degree turn the next moment. The same appears to be true for Cathie Wood of Ark Investment.
While most hedge funds focus on creating balanced portfolios that seek to leverage all kinds of stocks, Wood's firm focuses exclusively on high-growth sectors that it believes will disrupt the future. Wood is one of Tesla's biggest bulls, and her insights have proven to be correct as the electric vehicle maker has defied all predictions of doom and gloom and managed to deliver hundreds of thousands of vehicles globally.
Since Insider Monkey tracks hedge fund data and investments to provide readers with the best stock picks, we've been following Wood for quite some time now. We looked at her long-term stocks as part of our coverage of 10 Best Stocks To Buy and Hold For 5 Years According To ARKâs Cathie Wood in 2021.
Back then, Wood was a celebrity as her high-profile bets on the technology industry were paying off as the sector surged due to the booming demand in tech resulting from lock downs and stay at home mandates. Wood's fund returned 20% in 2020, and it led to a long interview with Bloomberg. In this talk, she stressed that Ark's investment horizon was five years, reassuring investors that any temporary corrections left her unfazed since the firm was in for the long haul.
She added that while big-ticket technology names were good stocks, her firm aimed to identify the next FANGs (now FAANG), and one sector ripe for growth was the DNA sector. She highlighted sectors ripe for growth in 2021: artificial intelligence, energy storage, robotics, and…