Buy These 2 New Stocks Before They Surge Over 50%, Says Oppenheimer

Bloomberg

Ark Quietly Cuts Exposure to One of Cathie Wood’s Hottest Stocks

(Bloomberg) — Cathie Wood may have been touting Roku Inc. as one of her top picks just two weeks ago, but her firm has been trimming its holdings in the video-streaming company all month.Ark Investment Management sold another 47,200 shares on Wednesday, bringing the total divestment since June 30 to about 520,000, according to Bloomberg calculations.At Wednesday’s closing price, it’s a stake worth a cool $243 million.Shares in the streaming service have rallied as much as 69% from this year’s l