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After hours:
- Motley Fool
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
We're a long way from 2020, when Cathie Wood turned heads as the co-founder CEO of the Ark Invest family of exchange-traded funds (ETFs). Most of the Ark funds more than doubled that year, only to fall sharply in 2021 and 2022.
- Investing.com
Fed’s Rate Cut Projections Impact Growth Stocks; ARK Invest’s Portfolio Underperforms
Growth stocks have been affected following the U.S. central bank's recent policy announcement on Thursday. Despite holding interest rates steady, the Federal Reserve has signaled two rate cuts of 25 basis points each in 2024, a decrease from earlier predictions. By the end of 2025, Federal fund rates are projected to hit 3.9%, marking a 50 basis points rise over past estimates, as part of the Fed's ongoing strategy to curb inflation.
- Motley Fool
3 Former High-Flying Growth Stocks Down 89% to 93% That Billionaires Can't Stop Buying
A select group of prominent billionaire investors is unfazed by the roughly 90% plunges in three growth stocks.
