5 New Cathie Wood Stocks to Watch Right Now

Cathie Wood continues to be optimistic about stalwart ARK stocks like Tesla and Teladoc.

Nevertheless, the fund manager has expanded her ETFs with a number of new companies. More I'm using InvestorPlace

The ARK Innovation exchange-traded fund (ETF), Cathie Wood's flagship investment, has lost more than 50% of its value since the year started.

Investors appear to remain faith in ARK Invest's active funds, though.

ARKK saw eight days of continuous inflows from June 19 to June 27 totaling $639 million

The largest single-day inflow of $323 million in the past two months occurred on Friday for ARKK.

Increasing rates and issues with the supply chain have hurt Wood's ETFs this year. However, it seems that in her most important holdings, her belief is unwavering.

These include UiPath, Teladoc, and Tesla (NASDAQ:TSLA) (NYSE:PATH).

Wood makes investments in a number of underperforming names that have the potential for future growth but are currently losing money

Higher rates have particularly harmed these businesses as future cash flows are discounted back to the present