These 3 February Underperformers Could Be the Best Stocks to Buy in March

Source

Buying a stock on the dip can be a great way to lock in a lower price for an investment, especially if the underlying business is still solid. It can increase the odds that you'll make a good profit from the stock. However, you might need to act fast — declines may not last long if the sell-off isn't due to true company struggles.

While the S&P 500 rose by more than 2% last month, Teladoc Health (NYSE:TDOC), Barrick Gold (NYSE:GOLD), and Beyond Meat (NASDAQ:BYND) all crashed 16% or more. And despite those sharp declines, these businesses remain in great shape and their stocks could make for solid long-term investments.

A person holds a smartphone while pressing the "buy" button on a trading app.

IMAGE SOURCE: GETTY IMAGES.

1. Teladoc

Teladoc is coming off a rough month; its shares plummeted more than 16% in February. There wasn't a glaring reason to dump the stock as the company didn't even release its latest earnings results until the tail end of the month. And when the earnings report came out on Feb. 24, the numbers weren't bad by any stretch. For the period ending Dec. 31, 2020, Teladoc's fourth-quarter revenue of $383.3 million was up 145% from the prior-year period. And the number of telehealth visits topped 3 million, which was an increase of 139% year over year. It is projecting that next quarter those numbers will rise higher, with revenue potentially hitting $455 million and visits hitting a range of 2.9 million to 3.1 million.

The company still isn't profitable, but given the growth that it is generating and the rising popularity of telehealth (even as vaccinations pick up around the country and the pandemic is brought under control), the healthcare stock still looks poised for more gains in the future. Teladoc only completed its merger with Livongo Health on Oct. 30, 2020, and the long-term gains from that partnership alone could make this an attractive investment to hang onto for many years. As Teladoc reaches more patients — Livongo focuses on chronic care and diabetes management, in particlar — it could just be scratching the surface in terms of its overall potential.

2. Barrick Gold

Barrick Gold is another example of a company that is doing well, but whose stock isn't following suit. On Feb. 18, the gold mining company released its fourth-quarter results. Sales of $3.3 billion for the period ending Dec. 31, 2020, grew 13.7% from the same period last year. The company benefited from a higher realized price per pound of gold ($1,871 versus $1,483), which boosted its free cash flow from $429 million a year ago to $1.1 billion this past quarter.

The company has so much cash that it is proposing to return some capital back to shareholders, to the tune of $0.42 per share. That is in addition to its $0.09 quarterly dividend, which currently yields 1.6%. This is a business swimming in so much cash that it can actually afford to distribute such a big payout back to its investors. Although the price of gold has been falling in recent months amid greater optimism for the pandemic ending now that there are multiple vaccines available, it is still above $1,700 per ounce and higher than it was a year ago. And if there is a larger crash in the markets, it could quickly shoot back up. 

Barrick is a solid long-term investment, and scooping up its shares can be a good way to hedge in the event the markets become a bit shaky. Like Teladoc, its shares also fell more than 16% last month.

3. Beyond Meat

The worst decline on this list of underperforming stocks belongs to Beyond Meat. The manufacturer of plant-based meat products saw its shares fall more than 18% in February. The company also released its quarterly results for the last three months of 2020. But its numbers weren't nearly as impressive when on Feb. 25 Beyond reported that its net revenue of $101.9 million increased by just 3.5% year over year as it felt the impact of COVID-19 and a decline in demand from its foodservice channel. The uncertainty around the road ahead is a key reason why the company is not providing any guidance for 2021.

But it is not all doom and gloom for the company — Beyond Meat recently announced a deal with McDonald's. Beyond will be the “preferred supplier” of a new plant-based burger called the McPlant under an agreement that will span three years. Even though many eat-in restaurants may be closed or under restrictions during COVID-19, fast-food chains like McDonald's can easily serve customers via drive-thrus. So even if you are concerned about the long-term impact of the pandemic, there's still a path for Beyond to grow beyond just the retail segment — which in Q4 grew at a rate of 76.3% in the U.S. and 139.2% internationally.

The best-case scenario for the stock would involve a full recovery of the economy this year, which isn't all that unlikely now that vaccines are on the way. Although it is coming off a tough quarter, Beyond could still generate some strong growth numbers for many years, and buying the stock now may prove to be a great move.

Should you invest $1,000 in Teladoc, Inc. right now?

Before you consider Teladoc, Inc., you'll want to hear about a new $30 trillion megatrend…

Warren Buffett Just Poured $15 Billion Into This

Sponsored

Jeff Brown here with an urgent message.

If you don't get into this new $30 trillion megatrend, I bet you’ll regret it later.

It's a mad rush right now…

Warren Buffett, Jeff Bezos, and Elon Musk are investing billions in a new trend CNBC called a “$30 trillion market just getting started.”

For example, Buffett has already invested $15 billion in it… and said he's ready to invest $15 billion more.

With all the savviest investors jumping in…

Research firm MRP called it “a mania” and said…

Stocks in this area “will experience exponential growth from here.”

Don't miss out.

Click here and learn how to get all the details, including the names and tickers of several stocks that stand to benefit from this trend.

Write This Stock Ticker Down Right Now

Enter your email below to see the the stock name and ticker on the next page.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the the stock name and ticker on the next page.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the the stock name and ticker on the next page.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock's Name Down Right Now

A new ground-floor opportunity for 8,788% returns has emerged but you must act by December 31st…
Enter your email below to see the the stock name and ticker on the next page. 


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the the stock name and ticker on the next page.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

“The Forever Battery”

Secret Startup Cracks the Battery Code — Wall Street Legend Predicts a 1,500% Surge in Electric Car Sales Over the Next 4 Years…

Enter your email address to receive the name and ticker symbol of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

3 High-Yield Dividends for Guaranteed Passive Income

Here are the best dividend stocks for smart investors to secure a steady & reliable “second income”. Our top pick is trading for just $2.
Enter your email address for our free report.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

New EV Set to Disrupt Entire Industry

The Wall Street Journal calls it “an American manufacturing triumph.” It promises to revolutionize the driving experience and hand investors MASSIVE profits.
Enter your email address to receive the name & ticker symbol now.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

Forget 99% of Tickers - Just Use This One

Larry Benedict is sharing a crazy over-the-shoulder “demo” (less than 10 seconds). Learn how to make all the money you need – in any market – using a single stock.
Enter your email address to watch now and get the name of the ticker you need to get started.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

Is Amazon Obligated to Pay You?

Thanks to a U.S. law, you can claim your slice of this jackpot and collect up to $48,000 over the next year.

Enter your email below to find out how.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

#1 Energy Pick

This little-known Silicon Valley company is using AI to do something incredible…
Enter your email address to receive the name and ticker symbol of the #1 tech bargain stock now.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

#1 EV Breakthrough of 2022

Louis Navellier is about to give away the ticker symbol of an overlooked battery company… one set to skyrocket in value as the EV boom gets underway. 
Simply enter your email below to learn the name of this company today…


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Anyone can invest like “The People’s Shark” with as little as $100

You no longer have to be rich, famous, or powerful to become an angel investor. Starting now, it’s possible for you to get involved in these life-changing deals.
Enter your email address for all the details of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Is L.A.S.E.R. The Greatest Tech Breakthrough in History?

A $3.5 trillion megatrend… spearheaded by Elon Musk is bringing what could be the most disruptive, revolutionary tech breakthrough the world has ever seen, with one small company sitting at the center.
Enter your email address to receive the name and ticker symbol of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

2,467% Return on Israeli Laser Company

Learn the 3 Steps You Need to Protect Your Retirement and One Stock that Could Soar 2,476% in Nine Months.
Enter your email address to receive the name and ticker symbol of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

One Tweet From Elon Could Blow This Story Wide Open

Last year, anyone who listened to this man about Tesla could’ve made EIGHT TIMES their money. Now he’s revealing how Elon’s NEXT big move will revolutionize ANOTHER massive $23 trillion market.
Enter your email address to receive the name and ticker symbol of this once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$25 to Profit from 20,000 IPOs

Days from now — 20,000 ‘IPOs’ could start flooding the market…
Enter your email address to reveal how anyone with $25 can stake their claim.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works

By submitting your email address, you give Today’s Top Stocks and Morning Bullets permission to deliver the report or research you’re requesting to your email inbox. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

"Bio-Chip" Sparks Potential 199,900% Surge by 2025

Sign up below for all the details on this tiny company being considered a once-in-a-lifetime investment opportunity.


By submitting your email address, you give Todays Top Picks permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time To review our privacy policy, click here: Privacy Policy | How it Works