2024-01-24 10:15:00 ET
It's been a bumpy few years for many stocks across a range of industries and sectors. Some of the stocks that were most popular with investors a couple of years ago have now dropped considerably. Worries about the economy, the ongoing state of interest rates, lingering fears of another prolonged bear market, and a shift in investor interest following the worst of the pandemic have been a few catalysts that have driven these changes in investing patterns.
While a stock on sale is not a reason in and of itself to buy, some businesses that have been hard hit by shareholder pessimism may actually present a compelling opportunity for the forward-thinking investor. Here are two such stocks to consider for your portfolio as 2024 kicks off.
Teladoc Health (NYSE: TDOC) is one of many companies changing the trajectory of how healthcare could look in the years to come. The adoption of telehealth tools and technologies was already well underway before the pandemic, even as the era of stay-at-home orders and overburdened healthcare systems accelerated these trends. Rising demand from both healthcare providers and healthcare consumers is fueling a consistent, growing need for quality telehealth solutions.
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2 of the Best Stocks to Buy on a Dip in 2024