Rocket Lab USA
Given the huge move to outer space for infrastructure and more, this stock is poised to benefit in a big way, and Wood owns almost 4 million shares. Rocket Lab USA Inc. (NASDAQ: RKLB) provides launch services and space systems solutions for the space and defense industries.
The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing and other spacecraft and on-orbit management solutions, as well as constellation management services. It also designs and manufactures small and medium-class rockets.
Rocket Lab designs, manufactures and sells Electron small orbital launch vehicles and the Photon satellite platforms, as well as developing the Neutron 8-ton payload class launch vehicle. It conducts remote launch activities, and it designs and manufactures a range of components and subsystems for the Photon family of spacecraft and broader merchant spacecraft components. The company serves commercial, aerospace prime contractors and government customers.
The Deutsche Bank target price is $10, and the consensus target is $9.33. The shares traded on Friday at $6.95.
SoFi Technologies
This company took the SPAC route for their IPO and Wood started buying shares this summer. SoFi Technologies Inc. (NASDAQ: SOFI) provides digital financial services that allow its members to borrow, save, spend, invest and protect their money.
The company also offers student loans, personal loans for debt consolidation and home improvement projects and home loans. With student loan payments resuming, this could be an added silo of business for re-financing.
SoFi also provides cash management, investment and other related services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions, and Apex, a technology-enabled platform that provides investment custody and clearing brokerage services.
SoFi Technologies stock has an $11 price target at Truist Financial. The $8.17 consensus target is less than the $9.30 per-share price seen 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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