Multibaggers, or stocks that have soared many times past their original investment price, are something of a holy grail among investors. The rarest of them is the vaunted 10-bagger — a stock that has increased tenfold from its original cost basis. Stocks with this type of explosive growth potential are elusive.
If there’s one investor with a knack for finding disruptive stocks that could grow many times their original investment, it’s Cathie Wood. The founder and CEO of ARK Investment Management proved her mettle when her five flagship exchange-traded funds (ETFs) each grew by more than 100% last year, beating the broader markets by a country mile.
In recent weeks, Wall Street has temporarily soured on high-growth equities, pushing the tech-heavy Nasdaq into correction territory. That hasn’t stopped Wood from picking up technology stocks that could deliver game-changing results and eventually find themselves in the exclusive 10-bagger club.