TDOC - Got $500? 3 Growth Stocks to Buy That Could Double Your Money
Here's a fact: You don't need huge sums of money to start (or continue) investing. Any amount, if placed wisely, could eventually bring you great returns. Today, let's consider $500. With that amount you could buy one of the following growth stocks -- or invest in all three. They could double your money over time.
So, what stocks are we talking about? Teladoc Health (NYSE: TDOC) is a leader in the growing market of telemedicine. Moderna (NASDAQ: MRNA) is on its way to becoming more than a coronavirus vaccine stock. And Axsome Therapeutics (NASDAQ: AXSM) is starting what may become a billion-dollar revenue story. Let's find out more.
Teladoc shares have dropped 67% this year. Investors worried after the telemedicine company reported two, billion-dollar non-cash goodwill impairment charges. These were linked to Teladoc's purchase of Livongo, a specialist in chronic care, in 2020. That added to earlier concerns about the company's lack of profitability so far.
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Got $500? 3 Growth Stocks to Buy That Could Double Your Money