Cathie Wood Snaps Up These 2 Stocks Under $5

Along with the markets’ recent pullback, so has Cathie Wood’s flagship Ark Innovation ETF (ARKK) handed back some of the year’s prior gains. Nevertheless, it has still outpaced the broader markets this year. And despite growing bearish macro concerns, looking at how Wood expects the landscape to shape up, the ARK Invest CEO is optimistic her innovation-first approach will continue to deliver.

“I do think that what’s happening this year is that the market is starting to look over the Fed’s moves… into falling interest rates,” Wood recently said. “I think we’re on the other side of that massive interest rate increase, which did destroy a lot of performance. That’s the most important thing. And we are ready for prime time.”

In anticipation of that “prime time,” Wood has been busy loading up on the stocks she believes are set to outperform. Amongst them are 2 equities priced under $5 that might just be too cheap to ignore right now, so we’ve decided to give them a closer look.

In fact, it’s not only Wood who favors these names. Using the TipRanks database, we found that both are also rated as ‘Buys’ by the analyst consensus. Let’s take a closer look.

Velo3D, Inc. (VLD)

Wood is all about disruption, so it’s only natural we’ll start with a company that offers just that. Velo3D is an additive manufacturing company at the forefront of revolutionizing the metal 3D printing industry. The company specializes in the production and distribution of 3D printers, but these are not of the standard variety.

Velo3D’s industrial 3D printers are geared toward enterprises engaged in the fabrication of metal components. What sets Velo3D apart is that its printers offer engineers the capability to craft intricate, mission-critical parts utilizing an advanced, fully integrated metal additive manufacturing solution, all without compromising on design, dependability, or performance. While Velo3D’s solutions may not find much utility in household settings, they have gained traction among some of the most forward-thinking corporations, including…


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