Cathie Wood is the CEO of ARK Invest, whose ETFs substantially outperformed the broader market in the early stages of the pandemic. Should investors avoid Cathie Wood's stock picks? Veeva Systems operates in the highly competitive cloud computing industry, but it has become successful by specializing in providing cloud-based software solutions to companies in the life sciences sector.
The stock market is currently clouded by bearish sentiment. Every past bear market has ended in a new bull market, and the S&P 500 has always recouped its losses. Better yet, the ongoing bear market is a great time to buy stocks, and Wall Street appears to have high conviction in MercadoLibre (NASDAQ: MELI) and Block (NYSE: SQ).
Over the past century, the U.S. stock market has recovered from every bear market. There's a high chance this will continue and the current bear market will end. Here's why it might be wise to get a few shares of MercadoLibre (NASDAQ: MELI) and Semrush Holdings (NYSE: SEMR) before the next bull market kicks in.