Cathie Wood bought 2 shares for less than $10

Cathie Wood Tesla


  • Cathie Wood decided to bet on two little-known companies on Wall Street, while the market is in a bullish rally.
  • In addition, the investor is bullish on stocks in the short and long term because she believes that inflation is “falling apart.”
  • The two stocks that the director of Ark Invest chose are: Markforged (MKFG) and Rocket Lab (RKLB). At the Market Times we tell you the details.

The stock market has been in an uptrend, with the S&P 500 up 27% from its low last October. And Cathie Wood is taking advantage of this.

The director of Ark Invest has been optimistic about the current situation on Wall Street: “The market is beginning to look at inflation that is falling apart,” she said.

While Cathie Wood has bought big-name stocks like Coinbase, Nvidia, and Tesla, among others, she has also loaded companies that are somewhat unknown and worth less than $10.

These two companies, which we’ll discuss in detail below, are rated a “strong buy” by most Wall Street analysts.

Markforged (MKFG)

This company was founded in 2013 and has revolutionized the world of industrial grade 3D printing by introducing metal and composite 3D printers. 

By using materials such as carbon fiber, fiberglass, and metal powders, printers can make components that are significantly stronger and more durable than those created with conventional plastic-based 3D printers. This has made Markforged a partner of choice for industries such as aerospace, automotive, and engineering.

Its sales reached 24 million dollars, which meant a year-on-year increase of 10.2%. In addition, it exceeded analyst estimates.

The Ark director bought 2.6 million shares in the second quarter and in total now owns 21.2 million, for a total value of $24 million.

The company’s titles have shot up almost 45% in the last week, registering an increase of 72.4% in 2023 and are located at 2 USD.

Rocket Lab (RKLB)

Cathie Wood is known to be a lover of innovative and disruptive companies. In this case, Rocket Lab is one of them in the space industry.

Rocket Lab is known for its innovative Electron rocket, a cost-effective, lightweight launch vehicle capable of delivering payloads of up to 300 kilograms into low-Earth orbit. The company is also building its own reusable rocket, the Neutron.

In the first quarter of 2023, the firm reported revenue growth of 35% to $54.9 million, beating analyst forecasts. It also posted a 73% increase in gross profit.

Because of his confidence in the company, Wood increased his stake in Rocket Lab with a view to the long term. The investor bought 638,440 in the second quarter, raising her holding to 3.8 million shares, valued at $28 million.

Rocket Lab shares have accumulated a 102% gain so far this year and are currently trading at USD 7.60.