3 Stocks Cathie Wood Is Buying That Should Be on Your List Too
I wish I could say there was some sort of poetic intent in the fact that all three of these companies' names begin with "T," but I'd be lying. The reality is that (NASDAQ: TER), Tesla (NASDAQ: TSLA), and Trimble (NASDAQ: TRMB) are long-term favorites of Cathie Wood, and her exchange-traded funds (ETFs) have bought more shares of all of them recently. That's my reason for looking at them now, and it's a good one because all three are highly attractive growth stocks with long-term earnings tailwinds.
If you follow Wood into Teradyne, you will have to accept you are buying into a highly cyclical stock. That comes with investing in a company whose primary activity (accounting for around two-thirds of revenue in 2022) is designing, manufacturing, and selling semiconductor testing equipment. Taiwan Semiconductor Manufacturing and Qualcomm (two of the three largest semiconductor companies in the world) are significant customers of Teradyne.
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Source Fool.com
Teradyne Inc. Stock
Our community is currently high on Teradyne Inc. with 5 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 118 € is below the current price of 121.34 € for Teradyne Inc., so the potential is actually -2.75%.
