Cathie Wood sells $19 million of surging tech stocks before earnings

Cathie Wood, chief of Ark Funding Management, believes in tech shares that can bear a “disruptive” impact in the end. She in most cases trims her stakes to lock up profits.

Typically, her approach works: The flagship ARK Innovation ETF (ARKK) has returned 10.75% this year as of Jan. 31 whereas the No longer original & Uncomfortable's 500 Index and the Nasdaq Composite Index every bear gained roughly 3% and 2%, respectively.

Wood gentle supplied two of her favourite tech shares earlier than their earnings.