The headlines have been filled with ways to make money in what many are calling the “new normal,” due to the pandemic. As more people work from home, there has been a rush into telework stocks such as Zoom Video (ZM). There’s also more time to watch movies and television, so Netflix (NFLX) rallied to a new all-time high.
But the sector that has easily been garnering the most attention has been telehealth.
The ability to see your doctor via your phone or computer has never been so important. Most doctor visits are due to non-life-threatening situations and therefore can be handled remotely. I, for example, had a follow-up with my doctor yesterday morning via the camera on my phone to go over some lab work.
This is a booming trend – there’s no doubt about that. However, it makes me smirk that the mainstream media and Wall Street are now starting to talk about telehealth as if it was just invented!
Longtime readers of MoneyWire, will know that I have been talking about the telehealth sector for several years.
My first recommendation for a stock in the sector was on May 18, 2017, when Teladoc (TDOC) was trading at a mere $28.55. Just today, the stock popped above $189 for the first time ever. That is a gain of over 6X – or a whopping 562%. To put that into perspective, the S&P 500 is up just 15.5% during the same timeframe.
Take a look at some of these recent headlines:
Teladoc soars on bet that virtual health is here to stay – CNN Business, April 9, 2020
Coronavirus Has Ushered in the Digital Revolution in Medicine – Barron’s, April 17, 2020
6 ‘Work-At-Home’ and Telemedicine Stocks You Should Know About – TheStreet.com, March 18, 2020
Telehealth visits are booming as doctors and patients embrace distancing amid the coronavirus crisis – CNBC, April 4, 2020
Could Teladoc Health Be a Millionaire-Maker Stock? – The Motley Fool, April 19, 2020
These headlines aren’t wrong. In fact, they hit the nail on the head. But Wall Street is only telling you about these stocks today.
I told you about them years ago… and if you took my advice you’re already sitting on massive profits.
This shows the importance of getting into a hypergrowth trend early – not jumping on the bandwagon after it’s already taken off.
Sure, we still own half of our position in Teladoc after selling the first half with a gain of 4X. And yes, I believe the leader in telehealth will continue to increase in size as the telehealth trend continues. That being said, the chance to get in today and make 10X your money is not nearly as high as it was three years ago.
That’s why my strategy is to find hypergrowth trends for the next decade and the best companies to profit from those trends – early. The key is to get in before the mainstream media and Wall Street. And that is exactly what my team and I do for our subscribers on a daily basis.
Here are our big areas of focus right now:
- Predictive analytics, especially for healthcare.
- Revolutionary Tech, including artificial intelligence (AI), the Internet of Things (IoT), 5G, and more.
- Autonomous vehicles.
- The Decade of Biotech, where antivirals are just the beginning. Other fields like oncology are also making exciting innovations now.
- Artificial intelligence for discovering new drugs.
Already, the best investments in these areas stand out if you know what to look for. I’ve done the research and put together a basket of high-quality companies for you at Early Stage Investor.
You know who else has major early investments right now? Bill Gates.
No, I’m not talking about his research and development funding for a coronavirus vaccine. He’s had his hands (and cash) in global health initiatives for decades.
And years before anyone ever heard of “the novel coronavirus” or “COVID-19”… Gates invested millions in a little-known company that falls into that last category I mentioned: AI-discovered drugs.
Historically, drug discovery has taken so long and been so expensive – up to $10 billion per drug – that it keeps badly needed treatments from being approved. This Bill Gates-backed company says it can evaluate billions of molecules each week… kicking that process into overdrive.
This is just one reason why AI and machine learning is so important. Find out the companies I’m most excited about now at Early Stage Investor.
Matt McCall’s MoneyLine Podcast
Click here to listen to Matt McCall’s MoneyLine podcast! This week, Matt highlights the top sectors in the market right now that will only continue to grow in the future. Biotech stocks represent some of the best opportunities as these companies search for vaccines and treatments for the coronavirus. But there are many other great buys out there, too…
You can subscribe to this podcast on iTunes, Stitcher, Spotify, or wherever you listen to podcasts.
Learn where Matt McCall sees
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