The market has been volatile lately, and things may get worse before they get better. But that shouldn’t stop you from investing. In fact, right now is a great time to buy some of your favorite stocks on the sell side, or just invest in other big companies that can fuel portfolio growth over the long term.
If you have the extra cash to invest, here are two great companies to consider.
Say that Teladoc (NYSE: TDOC) was beaten by the market is a bit of an understatement. Shares of the company are down about 30% year-to-date and 52% below their all-time high in February. But the fact that some investors seem to have lost interest in the company, which used to be one of the most popular home equity stocks, offers smart, long-term investors the opportunity to grab the stocks cheaply.
The company is expected to release its report on third quarter fiscal 2021 results on October 27. Teladoc’s share price may be lagging behind its all-time high at the start of the year, but its earnings reports are excellent. In the second quarter of 2021, not only did Teladoc’s revenue grow 109% year-on-year, but management said platform visits were “28% higher than in the second quarter of 2020, when the first wave of the pandemic “. Teladoc is still working to reduce its net losses after the multibillion-dollar cash acquisitions of InTouchHealth and Livongo last year, both of which significantly increased its share of the global telehealth market. Despite this, its adjusted EBITDA jumped 154% in the second quarter from a year earlier.
While Teladoc’s share price may have declined in the short term, I believe it may rebound and generate strong returns for investors in the years to come. Why? Because the activity of the company is stronger than ever and its presence in the field of telehealth – a market which maintains a superior growth – remains unchanged. According to a Research and Markets report released earlier this month:
The increasing prevalence of chronic diseases across the world is one of the key factors driving the market growth. In addition, increasing geriatric population and increasing demand for home monitoring devices are also driving the market growth. Telehealth systems are widely adopted in the field of cardiology, radiology, and online counseling for the treatment of various medical conditions, such as diabetes, cancer, and cardiovascular disease (CVD), which require monitoring. medical continues.
The report also estimates that the global telehealth industry is set to grow at a compound annual growth rate of nearly 40% between 2021 and 2026 alone. If you are looking to invest in a leading healthcare stock that dominates this rapidly growing market and trades at a lower price, Teladoc is a serious contender to consider.
Actions of Etsy (NASDAQ: ETSY) are still strong and are trading over 75% from just 12 months ago. And given the company’s strong position in the growing e-commerce industry, which it recently strengthened by acquiring the global clothing resale market Depop and Elo7 “Etsy from Brazil”, there is no has no reason to believe that it cannot continue to provide a strong balance sheet and the stock returns that investors have become accustomed to.
In the second quarter of this year, Etsy reported that it had over 5 million active sellers on its platform, while its active buyer base exceeded 90 million individuals, representing respective increases of 67 million. % and 50% compared to the previous year.
In addition, the company’s second-quarter revenue increased 64% and net profit jumped more than 120% year-on-year. In other words, Etsy’s users, revenues, and revenues have all jumped two- or triple-digit percentages from the first wave of the pandemic, an impressive feat indeed. Etsy releases its third quarter results in early November.
If you look at Etsy’s track record, its ability to continue to deliver exceptional results and platform growth – even as the world reopens and the ecommerce market becomes increasingly crowded – is not. not that surprising. The company has increased its annual sales and net income by respective amounts of 291% and 327% over the past five years.
Etsy is a fantastic game for investing in the high growth e-commerce space. Its proven ability to continue to diversify its business and generate enviable returns for shareholders make it a great choice to add to your shopping cart before the new year.
This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.