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Cathie Wood Sees Early Signs Of Bear Market Ending, Stands By Favorite Growth Stock Picks

Ark Invest founder Cathie Wood seems to think the market is approaching a bottom and growth stocks would lead a recovery, the fund manager told CNBC’s Tech Trade Special Friday. “Typically growth stocks will outperform as we move towards the end of a bear market and of a recession because they are the new leadership,” she reportedly said.

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Week’s Biggest EV Stories: Manchin-Schumer Lift To Industry, Apple Brisk With Car Patent Filings, Ford Delivers In Q2, GM’s Green Bond Sales, Rivian’s Struggles And More

Electric vehicle stocks had a mixed close in the week ending July 29, although market leader Tesla, Inc. (NASDAQ: TSLA) managed to build on its gains. Chinese EV stocks and some pure-play U.S. startups came under selling pressure despite a positive development on EV tax credits.

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