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Top Canadian EV Stocks to Buy in November and Beyond

There’s no question that electric vehicles (EV) are the future. In fact, as climate change becomes more and more of an issue, the push for electric vehicle usage and cleaner forms of energy has never been more important. Whether or not you believe EV…



There's no question that electric vehicles (EV) are the future. In fact, as climate change becomes more and more of an issue, the push for electric vehicle usage and cleaner forms of energy has never been more important.

Whether or not you believe EV to be a solution to the issue, you cannot deny the fact that electric vehicles are gaining massive popularity, and some Canadian stocks have begun to hit the spotlight. I'm guessing by you landing on this article going over the top Canadian EV stocks, you know of the potential in the industry.

Canadian EV stocks are few and far between

Much like 5G options, there isn't much when it comes to top EV stocks here in Canada. Most of the major producers like Tesla are south of the border and as a result many Canadians head there to invest.

There is certainly more promise in EV stocks in the United States. However, there is one key advantage we have in Canada when it comes to the limited, albeit promising EV stocks we have on the TSX and TSX Venture.

Nobody is paying attention to Canada when it comes to top EV stocks

As a result, valuations here tend to be cheaper, and you can find some strong EV options in Canada for a fraction of the price. Although Tesla is attractive, purchasing a company trading at over 120 times forward earnings and 20 times forward sales can get a bit nerve wracking.

The top Canadian EV stocks in this article don't have the fanfare or loyal following that Tesla does, but you're still going to get exposure to a truly explosive industry. With that being said, lets get started.

The top Canadian EV stocks to buy today

Magna International (TSX:MG)

We'll kick this list off with what I would view as the most conservative EV play here in Canada, and that is Magna International (TSE:MG). Magna is one of the largest autopart manufacturers in the world, producing exteriors, interiors, seating, roof systems, chassis, powertrains, electronic systems, and even complete vehicle assembly.

But, one thing that many investors overlook about Magna International is its EV exposure.

In fact, the company currently owns a 7.4% stake in Fisker, a next-generation EV company. The company has numerous partnerships in the industry as well, including LG Electronics.

Magna isn't exactly new to the space either. It has been producing EV products in China for quite some time, completing its 100,000th eDrive gearbox in mid 2021.

Magna certainly doesn't provide the "explosive" level of growth many are looking for when it comes to the EV industry. But, there's something to be said about a blue-chip giant that is making big moves into a budding industry.

No, Magna is not going to be a ten-bagger in a year or two. However, it's also going to be a company that is still around in ten, twenty, or even fifty years. The same cannot be said for many speculative EV options.

Due to the cyclical nature of the auto industry, Magna is trading at only 12.5 times forward earnings. Prior to the company running into some supply chain issues, this forward PE could be seen in the high single-digits.

If we look to growth relative to valuation, considering Magna is expected to grow earnings at more than a 30% clip annually over the next 2-3 years, investors should be lining up to pay 12.5 times earnings, especially considering the company also offers a pretty respectable dividend, yielding in the mid 2% range.

Supply chain issues might hold this company back over the short term, but this $32B Canadian giant could be making waves in the electric vehicle industry over the next decade, as management has proven to be capable of adapting.

GreenPower Motors (TSXV:GPV)

GreenPower stock

More on the speculative side, GreenPower Motors (TSEV:GPV) is a Canadian EV stock trading on the TSX Venture under the ticker GPV and on the NASDAQ under the ticker GP.

The company is a manufacturer and distributor of all-electric charter, school, and city buses. Think of the company as a pure EV comparison to NFI Group, which is also a bus manufacturer.

The company is young, some would say in its infancy.

Generating under $100,000 of revenue in 2016, the company had experienced significant levels of growth up until the pandemic hit, generating nearly $18M in revenue in Fiscal 2020.

In terms of medium to heavy duty EV vehicles, it is expected that over 50,000 will be sold by 2025 with that number ballooning to 912,000 by 2040. For electric busses, estimated production of 76,000 by 2040 marks a 3600% increase from the 2050 produced in 2020.

The company has a multitude of products, including school busses capable of transporting 90 students and operating ranges in excess of 150 miles.

It is a matter of when, not if, we move to electric only vehicles when it comes to public transit. Although consumer products are more difficult to push and take longer to adapt, cities, municipalities and governing bodies have the money and budgets to adapt to an all-electric environment quicker.

Analysts have some explosive growth numbers in mind for Greenpower, expecting the company to eclipse $167M in revenue in 2024, which would mark a tenfold increase from Fiscal 2020 numbers. EBITDA is also expected to turn positive next year before tripling to over $30M by 2024.

Considering the company is only trading at 5 times expected sales next year, it would be a good idea to at least have Greenpower Motors on your watchlist.

One important thing to keep in mind however is estimates are just that, estimates. Greenpower ended up missing the mark last year in terms of top and bottom line numbers. And it's important an investment is made with some long term conviction.

Lion Electric (TSX:LEV)

Lion Electric stock

Lion Electric (TSE:LEV) recently went public on both the NYSE and TSX via a Special Acquisition Corp (SPAC). Lion Electric has had mixed results and is down by quite a bit since it first started trading. However, this is not surprising as many Canadian EV stocks where on a large bull run before suffering significant corrections.

What exactly does Lion Electric do? The company manufacturers zero-emission vehicles.

It not only makes class 6 to class 8 commercial trucks, but electric buses and minibuses for mass transit and school systems. The company manufacturers and assembles all its vehicle components, including the chassis, battery packs, truck cabins, and bus bodies.

As a newly listed company, investors have to dig a little deeper to get financial results and manually calculate valuation ratios. Our main focus of concern is revenue growth.

In the first quarter of Fiscal 2021, it’s first as a publicly listed company, revenue jumped to $6.2M which was up significantly from the $1.0M it posted in Q1 of 2020. Robust growth is expected to continue as analysts expect 415% revenue growth in 2021.

In fact, the expectation is for revenue to more than double in Fiscal 2022 and Fiscal 2023, with revenue potentially eclipsing the $1B mark in 2023. When the merger was first announced the company had a backlog of 650 vehicles, and as of end of Q1, the order book stood at 817 vehicles and 76 charging stations.

Given the impressive growth rates and a forward valuation of 6.06 times next year’s sales, Lion Electric provides an attractive risk to reward ratio. But make no mistake, especially those just learning how to buy stocks, this company is risky, much riskier than a blue-chip Canadian EV stock like Magna International.


NFI Logo

In what I'd certainly call a "rebound" play, NFI Group (TSE:NFI) is not a pure-play EV stock. It is a company that is slowly transitioning its products to an EV model.

NFI Group organizes itself into two operations, manufacturing and aftermarket. Manufacturing takes up more than 50% of the company's revenue and includes primarily the building and marketing of transit buses and motor coaches.

Its aftermarket segment simply provides spare parts and servicing related to these busses. Although it is a Canadian company, the bulk of its revenue is primarily generated in the United States.

The key catalyst from the company as of late has been its mission to provide emission free busses, adding to the green movement in light of climate change. The company has all electric products running in over 80 cities and 5 countries, and as of late 2021 had contributed over 40 million miles of zero-emission travel.

The company struggled mightily during the COVID-19 pandemic, as its factories were forced to idle, production collapsed and the company was forced to cut the dividend. It was then hit with a double whammy recently when it downgraded its guidance due to the pandemic and supply chain issues, many investors fearing slowing growth and yet another dividend cut.

The company is expected to rebound in a big way over the next few years, as earnings are set to double and revenue should increase at a low double-digit clip. If you're looking for somewhat of a beat up Canadian EV stock, one you could buy on the cheap in terms of a full out turnaround, then you may not find a better option right now than NFI Group.

Over the long term, I'm not worried too much about NFI. But, just know that there is a chance this company continues to struggle moving forward as it has, and we could see further price downside as operations are impacted and the dividend is put at risk.

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Best Penny Stocks To Buy Right Now

Penny stocks can sometimes get a bad reputation. On the… Read More
The post Best Penny Stocks To Buy Right Now appeared first on Investment U.



Penny stocks can sometimes get a bad reputation. On the one hand, they can offer tremendous growth potential as young, promising companies. But, on the other hand, they can be failing businesses with no escape plans. Luckily, I will cover the best penny stocks to buy right now and help you avoid a money-drain situation.

To be considered a penny stock, it generally includes assets trading under $5 a share. Although not all companies trade for pennies, they offer immense growth potential for those who find the hidden gems.

Check out this list for the best penny stocks to buy right now.

Top 5 – The Best Penny Stocks to Buy Right Now

Penny stocks have gotten a huge boost this year from traders looking to capture the next big thing. For example, GameStop (NYSE: GME), a stock trading for less than $5 around two years ago, is now up over 3,000%.

However, it’s also important to realize these investments still come with major risks. Penny stocks are often more volatile than other types of investments.

Although not every penny stock will perform like GameStop, these businesses are making a name for themselves. With this in mind, let’s take a look.

#5 Invacare Corp. (NYSE: IVC)

  • Market Cap: 115.92M
  • Focus: Health Care Equipment
  • Key Statistic: 5.8% net sales growth in Q3.

Invacare Corp is a newer member of the penny stock club, falling from a yearly high of over $10 a share. But, after experiencing several issues in the previous quarter, the company is lowering its guidance for the rest of the year.

Between labor shortages and freight costs, the company had no choice but to change the growth outlook to -1% – 2%. As a result of the outlook changes, IVC stock is down over 60% this year.

Looking ahead, however, Invacare is in a growing medical equipment segment. The company offers several innovative patient products in categories such as mobility, rest, and patient transfer.

Despite just being surpassed by millennials as the largest generation, Baby Boomers carry the second largest population group. And with the baby boomer generation all being over the age of 65 by 2030, the demand for medical equipment will continue growing.

#4 Denison Mines (NYSE: DNN)

  • Market Cap: 1.31B
  • Focus: Uranium
  • Key Statistic: Q2 revenue grew 58% YOY.

This year, Dennis Mines has been a hot penny stock, with Uranium prices soaring in September, hitting its highest price in seven years. The demand for uranium comes as energy prices are being pushed higher due to supply chain issues brought about by the pandemic.

Additionally, uranium is considered a clean energy source since it doesn’t emit harmful gases. In fact, it provided 52% of America’s clean energy in 2020.

With that in mind, Denison has a growing portfolio of projects with enormous potential. Its flagship Wheeler River project is the largest undeveloped uranium mine, with ‘top 5’ producing potential.

As clean energy becomes more of a priority, look for the demand for uranium to continue climbing. And because of this, Denison earns a spot on the best penny stocks to buy right now list.

#3 Ocean Power Technologies (NYSE: OPTT)

  • Market Cap: 95.47M
  • Focus: Renewable Energy
  • Key Statistic: Q1 revenue growth of 60%.

There’s no denying the movement towards renewable energy sources. And what better way to capture clean energy than from one of the most abundant sources – wave energy.

According to recent insights, wave power has the potential to generate about 66% of the electricity in the United States. As a pioneer in its field, OPTT is developing technology for a cleaner future.

The company just received a U.S Department of Energy award to study next-generation wave energy technology. On top of this, the company is transitioning from research stage to deployment, offering excellent growth potential for investors.

Keep reading to discover the best penny stocks to buy right now.

Best Penny Stocks – #2 IZEA Worldwide (NASDAQ: IZEA)

  • Market Cap: 110.36M
  • Focus: Digital Marketing
  • Key Statistic: Managed services grew 130% YOY.

IZEA is an online platform that connects creators with businesses. The online marketplace makes it simple for companies to partner with top influencers to help promote their brand. The company has been developing the online influencer industry since it was started in 2006.

Despite being up over 200% since last year, IZEA stock is still down from its highs of $7.45 per share.

But, the company is starting to gain some traction growing its user base to over 850K registered creators. On top of this, the company has worked with major brands like…

  • Chipotle
  • Pepsi
  • Harley Davidson
  • And Planet Fitness

If the company can continue growing its user base with solid brands, it has a real chance of capturing a sizable position in the potential +$785 billion digital marketing industry.

Best Penny Stocks – #1 Energous Corp. (NASDAQ: WATT)

  • Market Cap: 112.36M
  • Focus: Wireless Charging Tech
  • Key Statistic: +50% YOY revenue growth in each of the last five quarters.

Another innovator, Energous Corp, is developing next-generation wireless charging technology. The company was started in 2012 and is making significant developments as of lately.

Currently, the company has +200 patents for its first-of-a-kind WattUp Technology. What’s more, Energous just received FCC approval for its unlimited distance over the air wireless charging tech.

The company is making strides to bring its product to the mainstream, a market that can be worth over $2.5 billion by 2028.

With that in mind, WATT stock is down 13% in the past year, currently sitting just under $2 a share. The innovative product, value, and potential market land Energous number one on the best penny stocks list.

Best Penny Stocks to Buy Right Now – Is Penny Stock Investing Right for You?

When it comes to investing in penny stocks, it’s essential to know the risks. Penny stocks are highly volatile and can change prices significantly in a matter of seconds. Even the best penny stocks can experience drawdowns at times.

It’s crucial to do your due diligence before investing in penny stocks. These can often be newer companies with little known about them.

But, with that said, they can also offer investors a chance to get in on the ground floor of some of the most innovative companies. If you decide to invest in penny stocks, stay up to date with the company as things can change often.

Most importantly, investing in penny stocks can take years for meaningful returns to develop. Make sure you believe in the company and its mission.

And lastly, for more of the best penny stocks to buy right now, join Trade of the Day. This free newsletter comes packed with investing tips, tricks, and resources designed to make you a better investor. Invest with the best and sign up today!

The post Best Penny Stocks To Buy Right Now appeared first on Investment U.

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How Did Friday’s Selling Compare To March 2020 Selling? My Takeaways

News that a new COVID-19 variant has surfaced in South Africa spooked global equity markets on Friday. Was it an overreaction and an opportunity to buy some of your favorite stocks cheaper? Or is the start of a much deeper, panic-driven selloff. Unless…



News that a new COVID-19 variant has surfaced in South Africa spooked global equity markets on Friday. Was it an overreaction and an opportunity to buy some of your favorite stocks cheaper? Or is the start of a much deeper, panic-driven selloff. Unless you're a scientist with inside knowledge, I don't think it's possible to know. There are so many questions right now that haven't been adequately answered and may not be answered for several days or weeks. Among those questions would be (1) rate of transmissibility, (2) efficacy of current vaccines against the new variant, (3) the new variant's infection fatality rate (IFR), and so forth. Without this information, it's impossible to try to determine what steps countries around the globe may need to take.

When the delta variant was first studied, it was found to be much more contagious and now the World Health Organization (WHO) estimates that 99% of the world's COVID cases are the delta variant. The worst case obviously would be that this new variant is even more contagious and that vaccines are proven to be ineffective protecting against it. But if global markets continue to panic and selloff as they did on Friday and the new variant poses less risk than first thought, clearly a major global rally could follow.

So what do we do?

Well, rather than search media outlets looking for financial advice, which proved to be absolutely worthless during the height of the 2020 pandemic (remember the Great Depression 2.0 forecasts?), I'd suggest we focus instead on what Wall Street is doing with their money. What sectors and industries are performing poorly on a relative basis (suggesting more exposure to an extended selloff)? Also, which sectors and industries actually performed better during the day on Friday, which would impact their respective AD lines. If you recall, the AD lines were, in my opinion, the best technical indicator throughout 2020 as they helped us identify which areas were being accumulated vs. distributed during the pandemic.

So let's take that approach again as we analyze Friday's action.

It's Deja Vu All Over Again

When I looked at major index and sector performance on Friday, the ranking was nearly identical to the period from February 19, 2020 (market top before panicked selling began) through March 23, 2020 (subsequent low on the S&P 500).

Energy (XLE), financials (XLF), industrials (XLI), and real estate (XLRE) were the bottom 4 sectors during the panicked selloff in 2020 and those 4 were again among the weakest on Friday. Meanwhile, consumer staples (XLP) and health care (XLV) were first and second (though reversed) both during the initial crisis in 2020 and again on Friday.

The order of performance on our major indices were almost identical.

Based on this quick analysis, if we continue to see a COVID-related selloff, I'd most definitely be expecting those bottom groups to continue to lead the selloff. If you have significant exposure in Friday's weakest sectors and industry groups, then I believe your risk is higher as we move into next week.

The Outliers

Not all industry groups conformed with last year's performance ranking. Those that remained relatively strong on Friday (key word here is relative as it wasn't a good day for many groups) and were also relatively strong back in March 2020 included the following industry groups:

  • Gold mining ($DJUSPM): #1 in March 2020 and #2 on Friday, or 1 and 2 (out of 104 industry groups)
  • Mining ($DJUSMG): 3 and 3
  • Mobile telecom ($DJUSWC): 4 and 6
  • Biotechnology ($DJUSBT): 8 and 1
  • Toys ($DJUSTY): 9 and 4

These were the only 5 groups that were in the Top 10 in March 2020 and on Friday.

Then there's the flip side - those industry groups that were weak in both periods:

  • Recreational Services ($DJUSRQ): 103 and 104
  • Oil equipment & services ($DJUSOI): 101 and 96
  • Coal ($DWCCOA): 100 and 98
  • Airlines ($DJUSAR): 99 and 103
  • Aerospace ($DJUSAS): 97 and 97

These were the industries that were in the Bottom 10 in both periods. I'd definitely avoid all of these groups in the very near-term until we get more clarity. It may mean you miss some upside, but steering clear will eliminate the significant risk that exists if this new COVID variant proves to be more problematic than the delta variant.

What About Accumulation/Distribution (AD Lines)?

We saw very weak futures overnight on Thursday and our major indices gapped down significantly. But where did Wall Street see opportunity to accumulate? Well, one way to gauge that is to compare Friday's closing price to its opening price. It makes common sense that a higher close means there were more buyers than sellers throughout the day. The opposite is true if the close was below the open.

I'll be honest. I wasn't expecting the results that we actually saw. For instance, energy (XLE) was clearly the worst performing sector on Friday, but it rallied strongly in the afternoon and its AD line neared a 3-month high:

I have to say that energy behaved quite well during the day on Friday after a rather inauspicious start. The hammer at support, along with that rising AD line provides hope for a group that I said to avoid earlier in this article. We can't ignore that volume because it came on extremely heavy volume. Nearly 45 million shares changed hands, which wasn't the biggest volume day of the year. But we need to keep one thing in mind. The market closed early at 1pm ET on Friday. Had we been open a full day I believe the XLE may have traded its heaviest volume of the year. That, combined with the huge reversal, could signal a major bottom here. We'll have more days ahead that will provide us more clues, but based on my AD analysis, I'd turn bullish the group if I knew we weren't going to wake up to more negative COVID news on Monday morning. But that's the world we live in right now and the uncertainty is almost paralyzing.

There was one industry group on Friday that showed even greater signs of accumulation, gaining roughly 3.5% in the final 90 minutes of trading. The S&P 500 was flat during this same 90-minute period and the NASDAQ actually lost some ground, making this industry group's recovery stand out even more. I'm featuring the group and one of its component stocks to keep an eye on in my FREE EB Digest newsletter on Monday morning. If you're not already a free EB Digest subscriber, you can subscribe HERE by providing us your name and email address. There's no credit card required and you may unsubscribe at any time.

Happy trading!


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Spread & Containment

5 Stay-At-Home Stocks To Watch For The Future of Remote Work

As Covid-19 cases rise again, could these tech stocks be worth investing in?
The post 5 Stay-At-Home Stocks To Watch For The Future of Remote Work appeared first on Stock Market News, Quotes, Charts and Financial Information |



Do You Have These Stay-At-Home Tech Stocks On Your December 2021 Watchlist?

With the resurgence of Covid-19 in many countries worldwide, tech stocks could be gaining investors’ interest again. This comes as Austria enters its fourth nationwide lockdown and the Netherlands reinstates a partial lockdown. Having said that, the Biden administration reiterated that it has no plans to impose another nationwide lockdown in the event of another devastating Covid-19 wave. In light of all this, it is safe to say that tech companies that offer work-from-home (WFH) and remote capabilities to organizations worldwide would continue to thrive despite the ongoing pandemic.  

For instance, owning shares of Zoom Video Communications during the onset of the pandemic has been rewarding for many investors. The company’s business soared as businesses scrambled to enable employees to work from home. There’s no denying that companies globally are increasingly investing in infrastructure that would allow for either remote or hybrid work. Just this past week, HP (NYSE: HPQ) posted better-than-expected fourth-quarter results. The strong results were driven by strength in the company’s commercial PC business. This shows that enterprises continue to grow despite the pandemic. With all that in mind, could the following tech stocks make their way to your portfolio in the stock market today?

Best Tech Stocks To Watch Right Now

Zoom Video Communications

Zoom needs no introduction, as its name is often synonymous with virtual meetings and meet-ups during the pandemic. The communications technology company allows virtual calls and conferences to take place on its cloud-based peer-to-peer software platform. From team meetings to virtual hang out between friends, the company’s easy-to-use platform has been a choice for many. 

stay-at-home stocks to buy (ZM stock)

Despite a better-than-expected earnings released earlier this week, Zoom stock slid over 14% on Tuesday. For the quarter, the company’s revenue came in 35% higher year-over-year to $1.05 billion. It also predicts its full-year revenue to be in the range of $4.079 billion to $4.081 billion, up 54% year-over-year.

No doubt, the slowing growth and incremental pressure on profitability has troubled both analysts and investors. However, some believe such a pullback is overblown. If you share the sentiment, would you buy ZM stock on dips in the stock market today? 

[Read More] Best Lithium Battery Stocks To Buy Now? 4 To Know


It is safe to say that digital signature company DocuSign is here to stay as remote work becomes a norm for many organizations. DocuSign enables companies and individuals to sign and manage contracts and agreements digitally under its DocuSign Agreement Cloud.

best tech stocks to buy (DOCU stock)

Its range of products under the DocuSign Agreement Cloud also includes DocuSign Insight which uses artificial intelligence (AI) to identify risks and opportunities within an agreement.  

DocuSign posted $511.8 million in revenue for its second fiscal quarter, an increase of 50% year-over-year. Its CFO Cynthia Gaylor said that the company will continue to invest in additional sales capacity. With DocuSign’s current momentum, would you include DOCU stock on your watchlist ahead of its third-quarter earnings on December 2?

Cloud-based software company focuses on providing customer relationship management (CRM) service to its users. Its platform enables a company’s marketing, sales, commerce, service and IT teams to work on one platform and also connect with its customers. The company acquired Slack, a business communication platform popular with remote-working companies earlier this year. It has since integrated its CRM products with Slack, making for a holistic service. 

best cloud stocks to buy (CRM stock)

Last month, the company entered into a partnership with Rocket Mortgage, the largest mortgage lender in the US and a part of Rocket Companies (NYSE: RKT). Rocket Companies vice chairman and CEO Jay Farner said that the partnership will allow Rocket Mortgage to provide an end-to-end ‘mortgage-as-a-service’ solution through the Salesforce Financial Services Cloud platform.

During its fiscal second quarter, Salesforce posted a 23% increase in revenue year-over-year to $6.34 billion. CEO Marc Benioff said that the Delta variant of Covid-19 failed to make a dent in its business. It is safe to say that with cloud platforms, a rise in remote working can only accelerate the platforms’ growth. Keeping that in mind, would you be watching CRM stock ahead of its third-quarter earnings on November 30? 

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now


Virtual is the word of the day when it comes to living through a global pandemic, which puts Twilio on the list. For starters, Twilio provides a cloud communication platform which utilizes Application Programming Interfaces (APIs) that act as intermediaries to allow two entities to communicate to each other. The company has grown steadily since its start in 2008. It now lists, among others, house-sharing platform Airbnb (NASDAQ: ABNB), virtual marketplace eBay (NASDAQ: EBAY), and e-hailing platform Lyft (NASDAQ: LYFT) as its customers. 

best cloud stocks (TWLO stock)

The company announced its latest product, Twilio Engage late last month. For those unfamiliar, Engage is a marketing automation platform which combines features such as data integrations, analytics and messaging so that marketers can deliver more personalized digital campaigns. This latest introduction is another step toward investing further in customer engagement platform strategy.

In its recently announced third-quarter results, Twilio reported $740.2 million in revenue, up by 65% year-over-year. Its number of active customers rose by 20% to over 250,000 from 208,000 last year. As Twilio continues to expand on its cloud communication products, TWLO stock is an interesting one to watch. 

[Read More] 5 Metaverse Stocks To Watch In November 2021

Teladoc Health

Teladoc Health is a pioneer in the telemedicine and virtual healthcare industry. The company’s products are focused on holistic virtual medical care, which includes physical as well as mental health services. The company recently launched its primary care offering, Primary360, to its users.

best tech stocks (TDOC stock)

For those uninitiated, Primary360 allows its users to choose a primary care provider and work with a care team. Despite the company’s leadership position in the telehealth sector, its stock performance has been underwhelming this week. This could be due to a series of analyst price target cuts. 

This past week, Canaccord Genuity analyst Richard Close slashed his price target for TDOC stock to $160 per share, down from $188 previously. Nevertheless, Close is sticking with his ‘Buy’ rating on the telehealth company.Teladoc reported $522 million in revenue for its third-quarter results, up by 81% year-over-year. For the quarter, the virtual healthcare company recorded a 37% jump year-over-year of virtual visits at 3.9 million visits. With no end in sight to the Covid-19 pandemic, would the recent weakness in TDOC stock present an opportunity to scoop up the tech stock at discount?

The post 5 Stay-At-Home Stocks To Watch For The Future of Remote Work appeared first on Stock Market News, Quotes, Charts and Financial Information |

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