Cathie Wood’s ARK Funds Are Loading Up on These 5 Red-Hot Stocks Trading Under $10

Genius Sports offers technology infrastructure for the collection, integration and distribution of live data of sports leagues; streaming solutions, comprising of technology, automatic production and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as full suite of online and offline educational and consultancy services.

The company also provides live sports data collection; pre-game and in-game odds feeds; risk management services, including customer profiling, monitoring of incoming bets, automated acceptance and rejection of bets, and limit setting; live streaming services; creation, delivery and measurement services for personalized online marketing campaigns; and fan engagement widgets for digital publishers that offer live game statistics and betting-related content.

Genius Sports stock has an $8 price objective at Credit Suisse. The $7.50 consensus target is closer to the $6.25 share price seen on Friday.

908 Devices

This is another ARK portfolio stock that also has the potential to be a huge winner. 908 Devices Inc. (NASDAQ: MASS) provides various purpose-built handheld and desktop mass spectrometry (Mass Spec) devices to interrogate unknown and invisible materials in life sciences research, bioprocessing, industrial biotech, forensics and adjacent markets. It operates in the Americas, Europe, the Asia Pacific and elsewhere.

908 Devices products include:

  • MX908, a handheld, battery-powered and Mass Spec device that is designed for rapid analysis of gas, liquid and solid materials of unknown identity
  • Rebel, a small desktop analyzer that provides real-time information on the extracellular environment in bioprocesses
  • Maven and Trace C2, an online device for bioprocess monitoring and control
  • ZipChip solution, a plug-and-play, high-resolution separation platform that optimizes Mass Spec sample analysis

The $20 SVB Leerink target price compares with a $17 consensus target, and 908 Devices stock traded at $7.40 on Friday.

These five stocks that Cathie Wood owns millions of shares of are perfect for aggressive investors who look to get share count leverage on companies that have sizable upside potential. While not suited for all investors, these are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.

Originally published at 24/7 Wall St.

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