These 3 Stocks Have Underperformed the Market This Year. Is Now the Time to Buy?
All three major indexes dipped into bear market territory this year, and this left many stocks across many sectors in the doldrums. The S&P 500 Index and the Dow Jones Industrial Average have rebounded from lows, but some stocks haven't caught up. In fact, many are greatly underperforming the market.
Teladoc Health (NYSE: TDOC), Novavax (NASDAQ: NVAX), and Disney (NYSE: DIS) are good examples. They've lost 69%, 87%, and 39%, respectively, compared to a 16% decline for the S&P 500. Should we give up on these laggards or is now the time to buy? Let's take a closer look and find out.
Teladoc disappointed investors when it reported two billion-dollar, non-cash goodwill impairment charges earlier this year. This was linked to the purchase of chronic-care specialist, Livongo.
Source Fool.com
