Cathie Wood: This one simple tailwind will push the bull market to 2038 — here are 3 stocks to ride it

With inflation running hot, interest rates on the rise, and valuations stretched, even mainstream Wall Street strategists are predicting major corrections.

But one super investor remains bullish — Ark Invest founder Cathie Wood.

In an interview with Yahoo Finance Live last month, Wood referenced research by Fundstrat’s Thomas Lee that suggests millennials could power the stock market rally until 2038.

“So this is the echo of the baby boom,” she said in reference to the rapid rise of millennial investors.

The top holding of Ark’s flagship ETF — ARK Innovation (ARKK) — is Tesla, a millennial favorite.

But Wood has plenty of other big bets, too.

Here’s a look at ARKK’s three largest holdings besides Tesla — one of them might be worth purchasing with some spare pennies.

Teladoc Health (TDOC)

Teladoc Health is one of the leading telemedicine companies in the U.S. It has a consistent track record of revenue growth and margin improvement.

Not surprisingly, the company benefited from the extraordinary environment brought on by COVID-19.

When non-life-threatening, in-office medical care was put on hold during the peak of the pandemic, telehealth adoption exploded.

Teladoc’s revenue increased 98% in 2020 to $1.09 billion, with total visits surging 156%.

For 2021, management is projecting a top-line of between $2.0 billion and $2.025 billion.

Teladoc is currently the second-largest holding at ARKK, accounting for 6.2% of the fund’s weight. But the stock is actually down 30% year to date.

If you’re on the fence about buying Teladoc while it’s out of favor, some investing apps might give you a free share of Teladoc just for signing up.

Coinbase Global (COIN)

If you’ve ever bought bitcoin from an exchange, you’ll know that there’s typically a transaction fee involved. And these transaction fees quickly add up.

That’s how Coinbase makes its money.

As the largest cryptocurrency exchange in the U.S., it earns a transaction fee every time someone buys or sells cryptocurrency on its exchange.

In Q2, Coinbase’s retail monthly transacting users grew 44% sequentially to 8.8 million. It earned $1.9 billion in transaction revenue and over…


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