Cathie Wood’s Top 5 Stock Picks Based on ARK’s Latest Portfolio Update

In this article, we discuss Cathie Wood’s top 5 stock picks. You can read our analysis of Cathie Wood’s recent losses, ARK’s performance and some of the most important comments from Cathie’s latest talk on her YouTube channel in our article Cathie Wood’s Thoughts on the Future, ARK’s Portfolio and Latest Stock Picks.

5. Proto Labs, Inc. (NYSE: PRLB)

3D printing company Proto Labs, Inc. manufactures 3D-printed computer numerical control (CNC) machined and injection-molded custom parts for prototyping. Its customers include companies that use 3D computer-aided design (3D CAD) software to design products. Some of its key products include Injection Molding, CNC Machining, 3D Printing and Sheet metal fabrication.  The company was founded by computer geek Larry Lukis.

4. Iovance Biotherapeutics, Inc. (NASDAQ: IOVA)

Iovance Biotherapeutics Inc. is a California-based startup that is developing T cell-based immunotherapies for the treatment of patients with solid tumors and blood cancers. The company is making cancer therapies using tumor infiltrating lymphocytes (TIL).

3. Iridium Communications Inc. (NASDAQ: IRDM)

Cathie Wood is also bullish on Iridium Communications, which operates the Iridium satellite constellation of 66 active satellites. This constellation is used for enabling worldwide voice and data communication. ARK increased its hold in the company by 60% in the fourth quarter, entering 2021 with 7 million shares of the company, worth $274.1 million.

2. Veracyte, Inc. (NASDAQ: VCYT)

In the genomics space, Cathie Wood is also bullish on Veracyte, Inc, which is primarily a genomic diagnostics company. The company is researching on treatments related to thyroid cancer, lung cancer, and idiopathic pulmonary fibrosis. Its products include Afirma analysis, Percepta and Envisia.

1. Palantir Technologies Inc. (NYSE: PLTR)

Cathie Wood’s ARK also loaded up on billionaire Peter Thiel’s Palantir Technologies in the fourth quarter, receiving much praise from Reddit investors as Reddit threads “Investing” and “Wall Street Bets” love PLTR.  Palantir CEO Alex Karp said during a recent event that those who are buying Palantir for speculations and short-term gains should “buy some other stock.”

“We’re in this for the long haul. If you are speculating or you’re thinking about this short-term, there are plenty of other things to invest in. If you want something else, it’s a huge world. Buy some other stock. You don’t have to buy Palantir. No one is forcing you.”

You can also take a peek at Billionaire Jeffrey Talpins’ Top 10 Stock Picks and Billionaire Steve Cohen’s Top 10 Stock Picks.

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