|Bid||0.00 x 1200|
|Ask||0.00 x 1400|
|Day's range||80.67 - 85.50|
|52-week range||51.34 - 149.00|
|Beta (5Y monthly)||2.28|
|PE ratio (TTM)||N/A|
|Earnings date||23 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||90.43|
Cathie Wood, the founder and CEO of Ark Invest, rose to popularity during the coronavirus pandemic thanks to her firm's successful bets on some of the most disruptive tech companies. The tech-heavy Nasdaq Composite Index entered a bear market in 2022, and ended it down 33% for the year. Here are three beaten-down growth stocks that Wood is still bullish on.
The stock market is off to a decent start in 2023, with the S&P 500 up by about 4% with about a week left in January -- not a stellar performance but a welcome change from last year. Block (NYSE: SQ), formerly known as Square, dramatically underperformed the market in 2022, for a few reasons. There are also credit risk fears surrounding the (expensive) Afterpay acquisition, as well as the cooling off in Bitcoin prices, both significant revenue drivers for Cash App.
Making $1 million out of $50,000 isn't easy, but if you have $50,000 to invest, you could make yourself a millionaire with the right combination of stocks. You'll want to find stocks that have a long growth path ahead of them, the ability to increase profits, and, ideally, a reasonable valuation. If you're looking for promising growth stocks, a great place to start your search is in the ad tech industry.