ARKG - Teladoc's Earnings Had 1 Important Metric for Both Bulls and Bears
Stocks are driven by stories. Although long-term performance is determined by how much a company earns, its price at any given time is a reflection of the story market participants choose to believe. That's why markets have buyers and sellers. They believe different stories about the company's future.
The story for Teladoc Health (NYSE: TDOC) has gotten more complicated in the past two years. What was once a virtual health provider with crisp growth has morphed into the possible "future of healthcare" and one of the largest holdings of Cathie Wood's ARK Innovation ETF ( NYSEMKT:ARKK ), ARK Next Generation Internet ETF ( NYSEMKT:ARKW ), and ARK Genomics Revolution ETF ( NYSEMKT:ARKG ). After an enormous acquisition and mass vaccinations, others see a difficult path to profitability for the stock. The company's second quarter results aren't likely to change any opinions.
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Teladoc's Earnings Had 1 Important Metric for Both Bulls and Bears