My Top Super Tuesday Stock Winner
This morning a strong Super Tuesday showing from Joe Biden – which included a series of key wins in southern states like Virginia, North Carolina and Arkansas – brought his delegate total to 566 (which is ahead of Bernie Sanders’ total of 501).
In response, the markets opened the day higher – and extended those gains throughout lunchtime.
But when it comes to this upside reaction, the more important part (in my view) is the fact that Elizabeth Warren suffered some key losses, which indicates that a concession from her campaign could be coming soon.
As you know, Warren is no Wall Street darling thanks to her proposals to break up big banks, break up some technology companies and also raise taxes.
So Biden’s win over Sanders and Warren’s struggles all combined to push the markets higher first thing this morning – and well into the afternoon.
So when it comes to this fluent political situation – which is becoming clearer and clearer by the day – it’s worthwhile for us to look at companies that stand to benefit (from both the emerging political candidates and the “stay at home” trend that’s happening due to the coronavirus).
That’s why I’d like to bring Teladoc Health (NYSE: TDOC) to your attention today.
Teladoc Health specializes in “telehealth” services (which can also be referred to as “virtual healthcare” services).
The company’s platform enables both patients and providers to have an integrated “smart user” healthcare experience – using both mobile devices and the web. This allows them to serve patients in both the United States and internationally.
Think about it like this…
What’s worse than going into a disease-filled doctor’s office waiting room when you’re sick – and sitting next to the guy hacking up a lung or the kid sneezing his green boogers all over you?
Instead, how great would it be to seek medical treatment over Teladoc Health’s online portal?
To me, that sounds fantastic.
And if you look at Teladoc Health’s numbers, you’ll see that others are starting to realize this as well.
Teladoc Health’s paid memberships rose 61% in 2019, and that was before the coronavirus hit the markets!
Action Plan: I feel this is another “stay at home” winner to add to your buy list – especially since the company is in the healthcare field.
That’s a double benefit – making it worthy of a position in your ledger. If you want to get in on trades like this, join me in The War Room!
P.S. Following up from yesterday’s Trade of the Day on Slack (NYSE: WORK)…
Twitter has now told all employees to work at home – while Google and Amazon have halted nonessential employee travel.
This “stay home” trend is just getting started, which is why I continue to like Slack. Heck, it’s getting so bad, Marc Lasry, co-owner of the NBA’s Milwaukee Bucks, told CNBC that sporting events could possibly ban fans if the coronavirus outbreak worsens. It’s bad enough that the NBA now discourages its players from high-fiving fans. But playing games in an empty stadium? Man oh man…
About Bryan Bottarelli
Bryan graduated with a business degree from the highly rated Indiana University Kelley School of Business, and his first job out of college was trading stock options on the floor of the Chicago Board Options Exchange. He was mentored by some of the country’s top floor traders in the heart of the technology boom from 1999 to 2000, where he learned to identify and implement some of his most powerful trading secrets. Now he shares his secrets with a group of elite traders. We will be republishing some of his highly sought after content from his free e-letter, Trade of the Day.