Jim Cramer Likes Most of the Top Stocks in Cathie Wood’s Ark Innovation ETF

By CNBC Jim Cramer on Tuesday broke down the top holdings in money manager Cathie Wood’s Ark innovation fund, saying he likes the setup in most of the closely watched fund’s biggest positions.

“Right now, I’d rather own than sell almost all of… Cathie Wood’s portfolio,” “Mad Money” said the presenter. “These growth stocks have dropped enough that they’re attractive enough to buy right here – then you can buy a little more at lower levels if they continue to fall.”

Overall, Cramer considered 12 of the 21 largest holdings in the Ark Innovation ETF as of Tuesday morning; This story will cover his views on the top five positions of exchange-traded funds. The actively managed ETF has gained notoriety on Wall Street after posting massive gains in 2020. However, it didn’t do well last year and continues to struggle into 2022.

“After being relentlessly pulverized, her stock now represents some great opportunities,” says Cramer.

“Even after all these years, Tesla there’s not much meaningful competition. Cramer said its cars sell well everywhere, and called CEO Elon Musk “the best guy there.” Still, Cramer said, “his stock is now down 300 points from its all-time high. That’s a very good level to buy. “

“TeladocIts development is strong, its leading [in telemedicine] is real, and the numbers are staggering: 76 million paid members in the US,” Cramer said. I’m selling stocks here which seems a bit crazy. It’s at $80, for God’s sake, down from $308 a year ago. It was a theft. “

“While stocks have been affected by the pandemic, I think Launch Cramer said there are only a few acquisitions left to dip itself into the business.

“They have sustained power here, but not growth,” added Cramer. “They need both, and I think they will if they do some trades. I like the position.”

“This number has dropped from $490 to $166 because the pandemic winners have fallen out of favor. But RokuIt’s a hugely lucrative business with a great balance sheet, says Cramer, expressing surprise at the magnitude of the drop in stock prices, especially considering a large runway ahead. for international growth.

“I know the next quarter is going to be tough, but so will everyone else, so I like this setup,” Cramer said.

“I’m not a fan of Coinbase, simply because of how they arranged themselves. These guys are too arrogant for me,” Cramer said. However, if you want a publicly traded proxy for cryptocurrencies, you don’t have any other suitable options. “

“It’s not my favorite, [but investors] could do worse,” he said.

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