Cathie Wood Buys Alibaba and Baidu: Momentum or More Value Ahead?
Chasing after others' buying can sometimes work, as long as investors have their own unique reason to buy, founded upon sound fundamentals. Recently, Cathie Wood from Ark Innovation ETF NYSEARCA: ARKK chose to expand her horizons beyond the United States technology sector, finding opportunities for undervalued blue chips in China and deploying a few million into some of the biggest names in Asia’s powerhouse. Her choice centered around shares of Alibaba Group NYSE: BABA and Baidu Inc. NASDAQ: BIDU as they a ...