Cathie Wood Names the 1 Stock She'd Buy Today If She HAD to Hold It For 10 Years

Wood's latest pick lines up with her reputation.

Feb 2, 2023 - 22:30
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Cathie Wood Names the 1 Stock She'd Buy Today If She HAD to Hold It For 10 Years

Wood's latest pick lines up with her reputation.

When Cathie Wood speaks, people listen.

The chief executive of Ark Investment Management has had a far-from-perfect record when it comes to her investment choices -- not to mention not exactly flattering feedback from CNBC's Jim Cramer.

That said, Wood's known as a disruptor in her field, especially since she founded Ark Investment Management in 2014. 

Wood has been busy lately, investing in Teladoc  (TDOC) - Get Free Report and Roku  (ROKU) - Get Free Report on Jan. 31 and dumping shares of Exact Sciences on Jan. 24.

But there's one stock that Wood clearly feels very strongly about not dumping, and she talked about it during a Twitter Spaces event hosted by Cardone Capital CEO Grant Cardone on Feb. 2.

Wood Believes in This Stock's Long-Term Potential

When asked what stock Wood would choose she won a million dollar lottery and was forced to choose a stock for ten years, Wood's pick was just as disruptive as her reputation.

"Well, especially because of how much it's been pummeled recently, and we're known for this -- I don't think it'll surprise --  any of your listeners have heard of ARK, they've heard of Tesla," Wood said.

"So, to give you a sense of that, I think Tesla hit $180 today," she continued. "We have put out on our website our Tesla model and you can manipulate it if you'd like to see how we get to these numbers. But that $180, we believe, will in five years -- now this is our research, and we could be wrong ...  for compliance reasons I have to say that -- but, our conviction is very high that that $180, if you do hold, don't trade it, will scale to $1500 in our base case. so almost tenfold, in five years. Why? Because electric vehicles have entered the sweet spot of their S curve and Tesla is leading the charge, so to speak."

Tesla shares surged on Jan. 26 when the company announced better-than-expected results in its fourth quarter earnings call.

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