These are the Cathie Wood stocks Wall Street believes have the best chance of roaring back

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Cathie Wood, chief government officer and chief funding officer of ARK Investment Management LLC, speaks throughout the Sooner Than You Think convention in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018.

Alex Flynn | Bloomberg | Getty Images

Popular fund manger Cathie Wood’s ETFs have been on shaky floor this yr, however Wall Street analysts see the prospects bettering for a bunch of her funds’ holdings.

Shares of Wood’s flagship ETF — ARK Innovation —are down greater than 12% this yr amid a rotation from progress stocks into worth. The concern of rising rates of interest in the first quarter and issues about inflation this quarter have spurred weak spot in Wood’s high holdings, particularly the excessive profile names like Tesla and Teladoc.

Nearly $7 billion in fund flows have left ARK Innovation in 2021, based on FactSet.

All of Wood’s different main ETFs, besides ARK Autonomous Technology & Robotics, are in the pink for the yr. ARK Next Generation Internet ETF is down practically 8% and ARK Genomic Revolution is down practically 15%. ARK Fintech Innovation ETF has misplaced roughly 1.5% this yr.

However, recently some of the promoting has stabilized, indicating a backside might be in the playing cards for some of these innovation names.

CNBC PRO screened for the Ark Invest-owned stocks that have the best chance of roaring back from their current weak spot, based on Wall Street.



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