3 Stocks Ready to Bounce Back
Many top stocks had a rough time last year. In some cases, their businesses suffered for reasons unrelated to the economy. In other cases, the economic environment pushed investors away. As a result, companies with track records of growth and strong potential saw their share prices tumble.
At some point, though, these stocks should bounce back. And that time may be soon. Why? Because they've reached attractive valuations and have shown strength -- or signs of strength -- in recent earnings reports. Let's take a look at three healthcare stocks that are ripe for a rebound.
Teladoc Health (NYSE: TDOC) shares are trading around their lowest ever in relation to sales. That's after the stock dropped 74% last year. Why has the valuation plunged? Last year, the company reported a couple of billion-dollar goodwill impairment charges linked to its purchase of chronic care specialist Livongo. That reinforced investors' worries about Teladoc's lack of profitability so far.
Source Fool.com
