Cathie Wood’s Top Picks: 5 Best Stocks to Consider This Month

As the stock market experiences fluctuations, investors turn to Cathie Wood’s stock portfolio for potential opportunities. Here are five top picks to consider this month.

Tesla (TSLA)

Tesla, a cornerstone of Cathie Wood’s portfolio, has witnessed recent surges amid growing investor sentiment. Despite a slight dip of 3% in the last 24 hours, TSLA boasts a 5% weekly increase and a remarkable 24.49% growth this month, trading at $180.

Coinbase (COIN)

The leading US cryptocurrency exchange, Coinbase, has garnered significant attention following a Q1 rally and the surge in Bitcoin prices. With a 5.7% growth in the last 24 hours, COIN trades at $231.51, attracting over 7% inflows this week.

Block (SQ)

Backed by Jack Dorsey, Block, formerly known as Square, continues to witness expanding adoption. Despite a 5% decline, SQ trades at $67.3 and maintains its position as a highly ranked asset in the market. The company reported $5.96 billion in Q1 revenues, slightly exceeding expectations.

Meta Platforms (META)

Meta Platforms, previously Facebook, has seen recent green flips and sustained inflows following a strong Q1 2024 performance. With a stock price of $467.78 and a 0.68% increase today, META maintains a 38% rally in the last six months, despite a 1% dip this week.

Robinhood (HOOD)

Despite recent declines, Robinhood has attracted significant inflows this year, with a 6.2% decline in the past 24 hours. Trading at $16.96, HOOD has recorded a noteworthy 7% growth this week, supported by better-than-expected results last quarter, pushing monthly flows above 11%.

Also Read: Robinhood’s Remarkable $157 Million Profit in Q1 2024