Cathie Wood's Ark Innovation ETF Outperforms in 2022 as Top Holdings Tesla and Teladoc Make Strategic Moves to Bolster Long-Term Growth
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Cathie Wood is positioned for a bull market with her focus on innovative growth stocks. Her Ark Innovation ETF is outperforming this year.
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Tesla is Wood's 3rd biggest holding. It's investing now to improve efficiency and cut costs, which will pay off long-term.
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Teladoc is focusing on profitability with job cuts and optimizing operations. Its membership growth and chronic care programs are promising.
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Both Tesla and Teladoc have ambitions to expand services and offerings in their respective markets.
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Teladoc aims to perfect its cost structure. Once shares gain momentum, they could skyrocket due to the company's leadership position.