Everyone’s Favorite “Stock Market Mama” Is Back With TWO Big Moves

Everyone’s favorite stock market mama is back and making moves, and no, I’m not talking about her ditching NYC for the sunny shores of St. Petersburg, Florida, or that $100 million Bitcoin dump that sent Twitter into a tailspin. 

(Source: Patch)

Cathie Wood is back in the game, and she’s not here to play nice—she’s making some bold, disruptive moves that are about to shake up your portfolio (or at least make you reconsider that questionable ETF you bought after a few too many beers).

Let’s kick things off with DraftKings, the online sportsbook that’s been taking bets on everything from the Super Bowl to who’s getting kicked off The Bachelor. DraftKings had a monster year in 2023, with its stock tripling. But like your buddy who always promises he’s “got a system,” it’s been mostly treading water in 2024. Growth is slowing, and the competition is getting fierce with Fanduel and BetMGM fighting for a larger share of the market.

But Cathie? She’s not fazed. She just poured $72 million into DraftKings, betting that this company still has plenty of fight left. With 8.4 million unique users, up 35% over the past year, DraftKings is still holding its own. Sure, revenue only ticked up 26%—a bit of a letdown compared to its former glory days. But with 3.1 million monthly active payers and a surprise profit in the latest quarter, DraftKings is showing it can still hang with the big boys. Cathie’s doubling down, confident that this gamble will pay off in the long run. And hey, if DraftKings is willing to bet $1 billion on itself with a buyback, who are we to argue?

(Source: Benzinga)

Now, let’s talk about Tempus AI, the new disruptor on the scene that’s caught Cathie’s eye. Tempus only went public a couple of months ago at $37, and it’s already trading 57% above that price. For a company working on AI applications in healthcare, it’s a meteoric rise, but Cathie sees even more potential. She’s invested $45 million into Tempus, convinced that this is just the beginning.

Tempus’s first financial report as a public company didn’t disappoint, with revenue up 25% and a much smaller loss than analysts expected. This company’s got big dreams, with an addressable market of $70 billion for its oncology and neuropsychiatry genomics products. Sure, it might be a few years away from turning a profit, but Cathie’s not afraid to play the long game. 

There you have it—two companies I’d keep a close watch on, because with Cathie throwing her cash at them, they might be on the fast track to crashing. Let’s not forget, this is the same Cathie Wood that even Jim Cramer couldn’t resist poking fun at for her stock-picking skills. 

And, as per tradition whenever Cathie’s name comes up, here’s a look at her ARK fund’s ETF performance. Go ahead and pop that champagne, folks—after five long years, we’ve finally made it back to the green!

Oh and before I forget, massive high-fives to all our Stocks.News premium members as our explosive alert on Tuesday shot up 160% in less than 72 hours! Could our most recent breaking alert follow suit? Only time will tell, but it’s already heating up, with a 35% jump and hitting $4.98 in no time.

If you’re not a premium member, hurry and upgrade immediately to get in on the action - especially considering that our last three previous “secret alerts” all exploded to peak moves of +110.10%, +96.60%, and +300%... in LESS than 24 hours!  

Stock.News does not have positions in companies mentioned.