Cathie Wood is a popular portfolio manager who focuses on innovative stocks. In this video, I will highlight my favorite Cathie Wood stock to buy in December. *Stock prices used were the afternoon prices of Nov.
Today's video focuses on Shopify (NYSE: SHOP) and why investors may be excited about the future potential of this e-commerce giant. The company has taken steps to reduce expenses and maintain a strong balance sheet.
A lot of investors will be happy to say good riddance to 2022 in another month, particularly those who invested in tech stocks. While the Dow Jones Industrial Average has clawed its way back to near breakeven (it's down 5% as of this writing), tech stocks are still in a funk. There have been problems with the businesses that indicated the stocks didn't warrant trading at inflated values, since they were no longer on the same growth trajectory.