Famed investor Warren Buffett once said he aimed to be greedy when others were fearful. Here's one way to apply this bit of advice when investing in stocks: Equities that look beaten-down can be great investments, provided there are good reasons to think they can bounce back.

Now that we're officially in a bull market -- with the S 500 recently hitting a brand-new high -- it might be a great idea to pick up shares of underappreciated stocks from the discount bin before they soar. Let's look at two great examples in the healthcare industry: Teladoc Health (NYSE: TDOC) and (NYSE: PFE).

Teladoc is a leading telemedicine provider, but the company hasn't been in the good graces of investors over the past two years. There are several reasons; let's mention two of them. First, Teladoc's revenue and number of visits soared during the pandemic's early days, but have cooled down substantially since. Second, Teladoc's bottom-line numbers have disappointed -- the company remains unprofitable.

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Source Fool.com