Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood's Ark Invest added positions in Archer Aviation, SpaceX, and Meta Platforms on Monday, July 20, 2026, viewing recent price declines as buying opportunities. Archer Aviation surged nearly 20% after unveiling Thunder, a new autonomous attack rotorcraft developed with Anduril, though the stock remains 60% below its year-ago level. SpaceX shares hit an all-time low, down 47% from their intraday high, just 25 trading days after its IPO. Meta Platforms trades 8% lower over the past year. The article highlights Archer's revenue projections growing from $10 million in 2026 to $1.43 billion by 2029, with profitability expected in 3-4 years. Wood's strategy focuses on growth stocks experiencing temporary setbacks rather than traditional value plays.
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