Cathie Wood Buys the Post-Earnings Dip in These Stocks – Should You Follow?
Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made strategic portfolio moves on Wednesday, February 11, as revealed in daily fund disclosures. The ace hedge fund manager capitalized on the post-earnings dip in Robinhood Markets (HOOD) and Shopify (SHOP) shares, accumulating millions at a discount.
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Wood also acquired shares of cryptocurrency companies Bullish (BLSH) and Circle Internet (CRCL) as these stocks remain pressured amid the ongoing crypto slump. Additionally, she bought shares of software company Figma (FIG), leveraging the current dip in software stocks.
Most of these purchases were made across the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation Fund (ARKF).
Here’s How Wood Allocated $74M in Stocks
Robinhood Markets – Wood acquired a total of 433,806 shares of this brokerage platform for $33.86 million. HOOD stock plunged 8.8% on February 11 after missing Q4 revenue estimates, though earnings of $0.66 beat the consensus.
Shopify – Wood added 150,421 shares of the Canadian e-commerce portal for $17.89 million. SHOP stock dropped 6.5% yesterday, despite beating sales and earnings expectations for Q4 and announcing a $2 billion share buyback plan.
Other Notable Purchases – ARK Invest bought 364,134 shares of crypto exchange Bullish for $11.60 million. Wood added 75,559 shares of the stablecoin company Circle Internet for $4.37 million, riding a 3.2% dip in its stock price. Wood also acquired 280,138 shares of Figma for $6.32 million, while its shares declined 6.4%.
Why Wood Is Optimistic on these Stocks
With crypto markets still recovering from 2025’s regulatory headwinds and software stocks facing AI-driven margin pressures, these buys signal confidence in long-term growth narratives despite short-term earnings misses, such as HOOD’s revenue shortfall offset by profitability beats.
Wood’s Strategic Portfolio Shuffle
Let’s see how these stocks perform using the TipRanks Stock Comparison Tool:
Currently, analysts have a “Strong Buy” consensus rating only on Robinhood Markets, with its average price target implying an impressive 74% upside over the next twelve months.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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