TDOC - Better Buy: Teladoc vs. CVS Health
Investing in healthcare is one of the safer long-term strategies you can deploy. Although it's an evolving industry, broadly speaking, demand for healthcare services and products is only likely to rise as the population grows, and in particular as the number of elderly Americans surges.
The COVID-19 pandemic has thrown an added spotlight on the sector, with many companies experiencing major growth. For others, though, the coronavirus has been more of a headwind.
Today, we'll compare a pair of healthcare companies that focus on different niches within the industry: Teladoc Health (NYSE: TDOC), the leader in telemedicine, and CVS Health (NYSE: CVS), which operates the largest U.S. pharmacy chain and also owns health insurance giant Aetna. Let's see which of these two stocks is the better buy right now.