When Wall Street overreacts and goes right, you can make a fortune by avoiding the noise and going in the opposite direction.
In the latest edition of wild overreactions, Cathie Wood, the top-notch ETF manager of Ark Investment Management, received some flak from The Wall Street Journal.
I’ll have more on that in just a bit and why it is totally off the mark.
But make no mistake. Wood has an uncanny eye for finding breakout stocks with a market-beating track record to prove it.
One particular feather in Wood’s cap is an ETF that she runs focusing on the cutting-edge field of genomics, a tech that basically didn’t exist just a decade ago.
Without genomics, we wouldn’t have been able to understand the structure of the coronavirus. Not only that, but the first two vaccines approved both relied on a hot new segment of genomics.
And this is an industry that is projected to multiply from $18.85 billion in 2019 to $82.60 billion in 2027, according to Fortune Business Insights. That’s more than 300% growth in less than a decade.
I’ll give you more details in a moment. But first, I want to point out the sizzling returns that Wood has amassed.
Over roughly the past year, Wood’s fund beat the market by a stunning 471%.
Let me show you why this play is just getting started…
Internet satellites launched into orbit by rockets that can return back to earth in nine minutes – that’s not a passage from a science fiction novel.
It’s what SpaceX did on March 24…showcasing an emerging technology with high growth potential…that can make you a lot of money.
Right now, 74 countries have some kind of space program, and 14 of them are capable of space launches. From tourism to space-based systems that blockchain technology and 5G are dependent to run on, there is a growing need for rockets to make that all possible.
Even the United Arab Emirates, a nation the size of South Carolina, is jumping into the space game.
The UAE’s Mars probe successfully orbited the red planet and is sending back pictures. Known as the Hope Probe, its mission is to create the first complete portrait of the Martian atmosphere.
This increased activity is one of the reasons why Morgan Stanley projects that, by 2040, the space sector will be worth $1.1 trillion.
Now, some companies are private and you can’t invest in them.
While others simply don’t deserve your hard-earned money.
That’s why I wanted to make sure you saw this before the weekend.
Because one company I’ve been watching closely just got even better thanks to a $4.4 billion acquisition.
Let me show you…