A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York.
Lucas Jackson | Reuters
Star fund manager Cathie Wood on Friday discussed a few of her top disruptive stock ideas, including Netflix and Tesla.
Wood’s flagship fund, Ark Innovation, has had a tough 2021 as investors have favored value and cyclical stocks amid the reopening of the U.S. economy and the rollout of the Covid-19 vaccines.
While the fund gained 1.2% on Friday, the “disruptive innovation” ETF only one day prior bounced off its 2021 low, a level that many investors are watching as a barometer for the larger tech sector.
The ETF is down 11.8% since the end of 2020 and fell just shy of 9.2% on the week.