One bullish stock to play Health care and Tech
By Todd Gordon 13, 2020
Doctor’s orders are going virtual.
“This company … has a possibility to really disrupt the health-care system as we know it over the next decade,” Gordon said.
Now boasting a $26.4 billion market cap, Teladoc specializes in remote health-care services and analytics. The company closed a deal to acquire artificial intelligence company Livongo last week and has been developing ways to provide preventative treatment via “digital maintenance”.
“The total addressable market is … just around a half a trillion dollars going forward, so, in light of this new health-care, digital, work-at-home, stay-at-home, maybe health-care-at-home age, I’m really liking the outlook from a technical point of view as well as a fundamental point of view.
On the technical front, the stock’s nearly 858% run since its 2015 IPO has been nothing short of “amazing”.
After a pullback toward the end of 2018 and subsequent rally higher, Teladoc has now entered a period of consolidation.
“I would say, in light of the recent market volatility, the shape of this correction is nothing to be concerned about,” he said. “In fact, I think it’s actually quite constructive.”
“The correction looks to be complete. It looks like we’re starting to move up here,” he said. “We just reported earnings. They were very strong. They just settled that merger with Livongo last week. The volatility is well out of the stock, and I think it’s set to rebound.”
“I will be looking to add this stock to my portfolio as well as to our clients’ portfolio”.
Looking at T10-Y,Oil, & Gold
In this video we will look at some of the assets classes which affect and influences most of the world economies. The US Dollar and Oil prices are lifelines on the financial and production side, while the US 10 year yield is a barometer of sorts that can be useful in determining future central bank interest rate decisions and outlook on the economy. Finally, we will touch on Gold, which has been a classic safe-haven hideout during turbulent times.
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