As the stock market sold off earlier this week, Cathie Wood's dip-buying activity spiked in three stocks.
, as he bought up to 29% of the company, is on one end of the strategy. Cathie Wood’s recent dip-buying in the technology space is on the other end of the strategy. This means two things for Amazon. First, domestic demand could start to see a boost as consumer discretionary activity increases as interest rates go lower because the interest on credit cards will be more manageable for consumers to return to spending.
, experienced a systems crash due to volume overload, which makes sense as most retail investors were probably looking to stop the bleeding in their accounts. called on this fact by placing a price target of $25 a share for Robinhood stock, daring it to rally by 44.5% from today's prices.Part of a market crash is that no prisoners are taken. Everything from stocks to bonds to commodities and even cryptocurrencies also goes down.
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Source: Investingcom - 🏆 450. / 53 Read more »
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