TDOC - Investing $1000 in These 2 Top Growth Stocks Would Be a Brilliant Move
2023-05-23 09:55:21 ET
Given the market volatility over the past few years, some investors are questioning whether they should still be putting their hard-earned money into the stock market. There is substantial economic uncertainty at the moment, and we could see a recession this year. But long-term investors know that equity markets should continue to appreciate on the other side of whatever economic trouble is on the way short term.
For those investors with a long-term view and with $1,000 available that isn't needed for monthly bills, paying off short-term debt, or firming up an emergency fund, there are some quality stocks available that can grow this initial sum for years to come. Let's take a closer look at two excellent growth stocks to buy right now: Teladoc Health (NYSE: TDOC) and DexCom (NASDAQ: DXCM) .
Last year was a horror show for Teladoc. Share prices of the telemedicine specialist plunged due to slowing revenue growth and deep net losses. In fairness, the red ink was due to non-cash impairment charges related to an acquisition, but investors didn't seem to care. Although these issues are real, it's important not to let them cloud the broader picture. Teladoc's prospects largely hinge on the future of telehealth and its ability to execute its master plan.
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Investing $1,000 in These 2 Top Growth Stocks Would Be a Brilliant Move