2 Beaten Down Stocks That Could Rally in the Second Half of 2022
Are you looking for some beaten-down stocks to buy and hold right now? A couple of options that should be near or at the top of your list are Teladoc Health (NYSE: TDOC) and Shopify (NYSE: SHOP).
Their valuations are less than half of what they were at the start of the year, and they make the S&P 500's decline of 20% look incredible by comparison. In the back half of the year, however, I expect these stocks to turn things around. They could be great buys, not just for the remainder of 2022, but also for the long haul.
Telehealth company Teladoc Health has been making some positive strides in recent years to grow its business and partner with key companies. In 2020, it acquired chronic-care company Livongo Health to expand its reach by serving more customers. It's also partnered with Amazon so that its service could be used on the tech-company's voice-activated device, Alexa. In addition, it has launched Teladoc Health Solo, which works with Microsoft's Teams communication software to make it easier for healthcare organizations to deliver care.
Source Fool.com
