TipRanks
Analysts Say ‘Buy the Dip’ in These 3 Stocks
Smart stock investing shouldn’t be emotional, but investors are only human, after all, making it difficult to follow a rational trading strategy. Investors should remember the advice of Warren Buffett: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” What Buffett is advocating is the oldest of market advice: buy low and sell high. Taking this into consideration, we set out on our own search for compelling investment opportunities trading at a discount. Using TipRanks database, we were able to find 3 stocks that are down from their recent peaks, while some Wall Street analysts are recommending to ‘buy the dip.’ Let’s take a closer look. Teladoc Health (TDOC) We’ll start with Teladoc, a remote medical care service, which makes use of online networking to connect patients with doctors for non-emergency matters, including ear-nose-throat issues, lab referrals, basic medical advice and diagnoses, and prescription refills for non-addictive medications. In the company’s words, it’s “remote house calls by primary care doctors,” using digital technology to offer an old-fashioned service. Teladoc’s service is in high demand, and the corona year saw the company thrive – its business model was a perfect fit for COVID-19 pandemic conditions. Full-year revenues in 2020 grew 98% year-over-year, to 1.09 billion, and total patient visits increased by 156%,…
