Meme stocks -- investments that have gone viral among retail investors on social media, embodied by GameStop -- are all the rage right now, and are showing no signs of going away anytime soon. That's totally fine, they've made some investors lots of money. But bear in mind many of the businesses that have been swept by meme stock euphoria aren't a sure bet for the long term. On the contrary, many of them are on shaky footing and are more of a short-term trade than they are an investment for the long haul.
To that end, three companies that do look like long-term buys that could generate massive returns over time are Teladoc Health (NYSE: TDOC) , Coupa Software (NASDAQ: COUP) , and Nutanix (NASDAQ: NTNX) . Here's why these Fool.com contributors think so.
Nicholas Rossolillo (Teladoc Health): Let's face it, taking time out of our busy schedules to go to the doctor's office is no fun -- and so 2019. In the wake of the pandemic, consulting with a healthcare professional via phone or video conference has become commonplace. Teladoc Health built itself into the leader on this front ahead of the quick and massive migration to telemedicine last year, and the stock exploded some 140% higher in 2020 as a result.
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Forget Meme Stocks, Buy These 3 High-Growth Tech Stocks Instead