U.S. funds look for 'crazy cheap' stocks as indexes hit record highs [Reuters (UK)]
Teladoc Health, Inc. (TDOC)
Last teladoc health, inc. earnings: 4/29 04:05 pm
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Source: Reuters
U.S. funds look for 'crazy cheap' stocks as indexes hit record highs - Reuters 4 Min Read NEW YORK (Reuters) - Record highs in the U.S. stock market and the anticipation of equity-friendly interest rate cuts by the Federal Reserve later this year are prompting top-performing large-cap fund managers to seek out unloved stocks in hopes of further gains. They are now making bets on stocks ranging from financial companies like Charles Schwab Corp that may see their margins hit by lower interest rates; cyclicals like FedEx Corp that are tied to trade with China; to healthcare companies like Teladoc Health Inc that face the risk of further regulatory overhauls after the 2020 elections. They expect that these contrarian bets will pay off at a time when the benchmark S&P 500 is on pace for its best first six months of the year since 1997. “You’re seeing really good companies trade at valuations that are crazy cheap right now,” said Mark Mulholland, portfolio manager of the Matthew 25 fund, wh
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TDOC
Earnings
- 2/20/24 - Beat
TDOC
Sec Filings
- 4/19/24 - Form 144
- 4/17/24 - Form 4
- 4/17/24 - Form 144
- TDOC's page on the SEC website