Cathie Wood just bought these three stocks

Wood reiterates her belief that disruptive tech stocks will sustain their value over the
long run, saying: “We do believe innovation is in the bargain basement territory. Our
technology stocks are way undervalued relative to their potential Give us five years,
we are running a deep value portfolio.”

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Cathie Wood has generated more controversy lately than any other big investor. As a
woman in a male-dominated field, Wood turned her flagship investment fund, ARK,
into a multi-billion dollar company - with high returns and lots of glowing news
coverage along the way.

It’s no secret that her fund has hit hard times. As Wood built her company up, she
invested heavily in technology, which suffered greatly in the recent market
downturn. Many analysts appear to agree with Wood on her stock choices. There are
three of her recent large buys that have a reasonable chance of doubling or more in
the next 12 months.

The first company we'll cover is Genius Sports, a tech company that provides sports
betting and media companies with data management and integrity software. In
addition to partnering with more than 400 sports organizations, including the NFL,
NCAA, NASCAR, and PGA, Genius Sports also works to improve the general quality of
sports data.

It has been in business since 2016, but Genius Sports only entered the public markets
in April of 2021 after completing a merger with dMY Technology Group II. The GENI
ticker debuted on April 21, and the newly public company began with a clean
balance sheet: no debt, and $145 million in cash. Since then, the stock has declined
by 73%, and this past November has been the worst month.

Following the release of the Q3 earnings report, GENI saw a sell-off. The company's
third public report showed revenues of $69.1 million, up 70% year-over-year, and a
solid lock on NFL data, with 97% of US sports markets using NFL data through Genius.
In addition, earnings per share came in at a loss of 37 cents - instead of 11 cents, as
analysts had predicted.

On a positive note, Genius Sports raised its revenue estimates for 2021 to between
$257 million and $262 million. The company has experienced rapid revenue growth
and thus the new guidance is within reach despite the slight increase from its
previous outlook of $255 million to $260 million. On March 11, the company will
report Q4 and full-year 2021 results.

Cathie Wood believes in Genius Sports. During Q4 she bought 2,229,757 shares of
this stock, showing her confidence in the stock. With this purchase, she now holds
more than 5.28 million shares in GENI, currently worth $28 million.

Among the eight reviews of Genius Sports, seven have rated it a Buy, while one has
rated it a Hold. The shares currently trade for $4.79, and their average price target of
$14.86 suggests a 182% upside over the next 12 months.

In our next stock pick, Archer Aviation, we are looking at a tech niche that has the
potential to disrupt travel patterns. In addition to others working on the subject of
urban air mobility, this company is developing an electrically powered, vertical
takeoff and landing aircraft (eVTOL) specifically designed for use as commuter air
taxis in urban areas. As battery technology, lightweight materials, computer
networking, and online interfacing have advanced in recent years, we can now
consider short-range urban air transit using eVTOL platforms as a viable option.

Archer is building an eVTOL prototype aimed at keeping users safe and mobile in
urban areas called the Maker. With a top speed of 150 mph and a noise rating of just
45 decibels, the Maker is an important factor in urban areas, and it can land on any
helipad or other flat landing area without the need for a runway. Ground traffic
congestion in large cities can be alleviated by utilizing eVTOL technology. It has been
predicted that by 2040 the market for electric aircraft could reach $1.5 trillion.

On September 16, last year, Archer raised capital through a SPAC transaction,
combining with Atlas Crest Investment Corporation. The company earned $857.6
million in gross proceeds from the merger, and its stock began trading the next day.
Consequently, Archer's stock has declined 69%.

The company's performance has been adversely affected by its operations in a highly
speculative niche with a product that is still in development. However, the biggest
headwind for its operations has been the legal front. Dr. Jing Xue, an employee of
Archer, was accused of stealing trade secrets from Wisk, a company that operates as
a joint venture with Boeing. The US Attorney's office announced earlier this month
that Archer would not be charged with the charges.

Cathie Wood's investment in ACHR can now be considered as the legal issues are on
their way to resolution. Previously, she owned 5.737 million shares in the company,
and in the past quarter, she acquired 5.568 million more. She has grown her stake in
the company by 98%; her stake, 11,306,020 shares, is now worth $33.24 million.

Cantor analyst Andres Sheppard, like Wood, sees plenty to appreciate here. He
writes: "We had previously noted that the overhang over the Wisk litigation was a
contributing factor to the underperformance of the stock price. We believe that this
outcome is favorable for ACHR and provides added confirmation that Wisk’s claims
lack substantial factual basis. We view this is a positive catalyst and note that the
perceived risk around Wisk's litigation continues to lose traction.”

According to Sheppard, the stock has been losing some serious weight due to a
broader market correction, stating: "So far YTD, we've seen a market downward
correction across different sectors, which also includes eVTOL. This has also affected
Archer's peers... We believe that some of this correction is overdone, and that the
current stock price does not reflect the intrinsic value of the company... ARCHER's
cash position currently stands at ~$796M (as of 3Q21), and the company has guided
total GAAP operating expense of ~$65-70M and non-GAAP operating expense of
~$35-40M.”

In her overall evaluation of ACHR shares, Sheppard sets an buy rating, and her $14
price target implies a potential appreciation of 382%.

This share holds a moderate buy rating in the street consensus view, based on three
recent reviews that include two buys and one hold. Its average price target of $11.50
suggests an increase of ~296% a year from the share price of $2.91.

For Wood's last choice, we're going to switch to the telecom industry. Mynaric is a
designer and manufacturer of laser communication terminals and ground stations
for air and space-based networks and applications. That sounds like a bite, but it
means Mynaric's in the business of connecting aircraft and satellites with their
ground controllers. The company produces a range of laser optical communications
terminals, for fast and reliable wireless data connections between soil, air and space.
In recent months, Mynaric has taken steps to extend its footprint to the United
States. In November, the company became a "strategic supplier" with Northrop
Grumman and in December won a DARPA contract for the design of the next
generation of optical communication terminals.

This Munich-based company held its stock offering in the US this past November. The
MYNA ticker opened on NASDAQ at $16.50 per American Depositary Share (each ads
represented 4 regular shares). The company sold 4 million ads, and the share closed
at US$19.51 on the first day of trade in the US. The gross proceeds from the opening
amounted to $75.9 million. The share has fallen by 48% since entering the US
markets.

The sale of U.S. shares attracted Cathie Wood, who opened a new position in the
MYNA stock and bought 393,413 shares. Their holding in Mynaric is valued today at
$3.86 million.

While there are only 2 reviews in the file for Mynaric, both agree that this will buy a
stock - giving it a unanimous moderate Buy rating. Shares sell for $9.82 and have a
target average price of $31.50, for a year-up potential of about 221%.

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