Jim Cramer likes most of the top holdings in Cathie Wood’s Ark Innovation ETF

CNBC’s Jim Cramer on Tuesday broke down the top holdings of star money manager Cathie Woods’ Ark Innovation ETF, saying he likes the setup in most of the closely followed fund’s largest positions.

“Right now, I’d rather own than sell almost the entire … Cathie Wood portfolio,” said the “Mad Money” host. “These growth stocks have fallen enough that they’s tempting enough to buy right here – so you can buy a little more at lower levels if they keep going lower.”

Overall, Cramer weighed 12 of the 21 largest holdings in the Ark Innovation ETF from Tuesday morning; this story will cover his views on the five largest positions of the exchange traded fund. The actively managed ETF became prominent on Wall Street after massive increases in 2020. However, it did not perform well last year and has continued to struggle in 2022.

“After being relentlessly pulverized, her shares now represent some excellent opportunities,” Cramer said.

“Even after all these years, Tesla does not have much meaningful competition. Its cars are selling well everywhere, “Cramer said, calling CEO Elon Musk” the best there is. “But Cramer said,” right now his stock has fallen 300 points from the highest. That’s a very good level to buy. “

“Teladoc’s growth is strong, its leading [in telemedicine] is genuine, and the numbers are incredible: 76 million paid members in the United States, “Cramer said.” It seems crazy to me to sell the stock down here. That’s at $ 80, for God’s sake, down from $ 308 a year ago. It’s a steal. “

“While the stock has been united at the hip for the pandemic, I think Zoom is just a few acquisitions away from permanently integrating itself into the business, “said Cramer, who noted for the sake of transparency that his stepson works at Zoom.

“This has dropped from $ 490 to $ 166 as the pandemic winners have fallen out of favor. But Roku is an incredibly lucrative business with an amazing balance sheet, “Cramer said, expressing surprise at the magnitude of the stock price decline, especially given a large runway ahead of international growth.

“I’m not a fan of Coinbase, simply because of how they have compared themselves. These guys are just too arrogant for me, “Cramer said.” But if you want a publicly traded proxy for crypto, you have no other decent options. “