Cathie Wood Adds to Her Position in 3 Promising Stocks

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

The popular growth investor added to these three existing positions on Tuesday. Cathie Wood has cooled her buying activity in recent days. The co-founder and CEO of Ark Invest lightened a few positions on Monday, but she didn't add to a single stake. It's rare for her not to make any additions, but she was light on the trigger finger last week, too. She only bought shares of one company in two of the final three trading days of last week.

1. Palantir

The good news is that shares of Palantir have more than tripled since the start of last year. The bad news for recent investors is that the stock had more than quadrupled when it peaked two months ago. The software developer for the intelligence community took a big step down on Monday, after posting poorly received financial results.

2. Datadog

Another company that put shareholders through a double-digit percentage hit after announcing fresh financials on Monday was Datadog, the cloud-based platform for delivering an enterprise with early downtime reports and other analytic essentials. Datadog trounced expectations on both ends of the income statement. And unlike Palantir, Datadog offered up rosy guidance. Yet the shares still took an 11% hit.

3. Rocket Lab USA

Another company that didn't take off after announcing quarterly results this week was Rocket Lab USA, but unlike Palantir and Datadog these shares suffered only a 2% move lower on Tuesday. The provider of space launch services and other out-of-this-world solutions saw its revenue skyrocket 69%, but that was just below expectations.