Call it Cathie Woods' comeback.<\/p>\n
ARK Invest's ARKQ autonomous technology and robotics ETF, one of her funds, has seen a turnaround in the past month, rallying by roughly 12%. Those gains were largely driven by top holding Tesla.<\/p>\n
But, it's not the only stock in the ETF that has caught investors' attention. CNBC's \"Trading Nation\" asked two of its traders which name deserves a second look.<\/p>\n
\"One holding that's actually a small market cap company is Vuzix,\" Todd Gordon, founder of Inside Edge Capital Management, said Tuesday. \"It popped 40% since Facebook's Oct. 28 announcement, going Meta. It's [now] pulling back. Support is around $10. If you actually look at a month-over-month rotation of all the holdings of that ARKQ, Vuzix is actually the strongest.\"<\/p>\n
Vuzix develops and designs wearable augmented and virtual reality displays for industries ranging from manufacturing to telemedicine. Shares have surged 268% off a low set last November. The stock is up 38% this year.<\/p>\n
\"They also just got a big flood of orders from Australia and New Zealand, so you're getting repeat business. Company is negative; it's not making money right now. They have high SG&A expenses, but they're estimated to grow revenues from $15 million this year, $30 million next year and $40 million by 2023. Watch this one,\" said Gordon.<\/p>\n
Eva Ados, chief investment strategist at ERShares, highlights data analytics software company Palantir as the stock she's backing.<\/p>\n
\"I like it for three reasons,\" Ados said during the same interview. \"First of all, it has a great charismatic entrepreneur, [founder] Peter Thiel. Secondly, I like it because I can't think of a better defense company that will benefit from the new infrastructure bill. And the third reason why I like it is today's environment has a big emphasis on counterterrorism and defense, and that's the best platform to serve the intelligence community.\"<\/p>\n
Palantir has underperformed markets this year, rising by just 10% compared with the ARKQ ETF's 15% gain. It went public in September last year, and at roughly $25, it still trades well above its reference price of $7.25.<\/p>\n
\"I think it's going to be a big winner for the rest of the year and into 2022,\" she said.<\/p>\n
Disclosure: ERShares holds shares of Palantir.<\/p>\n
Disclaimer<\/p>\n
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ARK Invest's robotics ETF has made a comeback, and these 2 stocks could drive the next leg of the rally - CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Call it Cathie Woods' comeback. Continue reading