Whether you’re a novice or someone who’s been investing for decades, we can all agree that it’s been a wild year on Wall Street. We’ve witnessed the fastest bear market decline in history, as well as the quickest rebound to new highs from a bear market low of all time.
But there are two important facts all investors should understand about this market. First, every single stock market correction in history has eventually (key word!) been erased by a bull market rally. Secondly, we are firmly in a new bull market. In other words, it pays to own innovative, high-quality businesses, because unlike bear markets, bull markets are almost always measured in years, not months.
As this new bull market finds its legs, consider buying these four unstoppable stocks.
Precision medicine looks to be the hottest trend in healthcare this decade. Instead of one-size-fits-all treatments, anything that personalizes treatment plans or improves individual convenience is going to be celebrated. That’s why you’re going to want to own Teladoc Health (NYSE:TDOC).
Teladoc, as the name implies, is a burgeoning telemedicine powerhouse that’s seen its sales grow at a compound annual rate of about 75% since 2013 (assuming it hits $1 billion in annual sales in 2020). Yes, the company has benefited from the coronavirus disease 2019 (COVID-19) pandemic, with virtual visits more than tripling in the second quarter. However, there was a value proposition at play long before COVID-19 struck. That’s because telemedicine visits are cheaper for health insurers than in-office visits, and they more time-convenient for patients and physicians.
Were the Teladoc Health story not already exciting enough, it’s also in the midst of acquiring applied health signals company Livongo Health (NASDAQ:LVGO) in an $18.5 billion cash-and-stock deal. Livongo collects copious amounts of data on patients with chronic illnesses and relies on artificial intelligence (AI) to send its members tips and nudges to help them lead healthier lives. Livongo has consistently doubled or nearly doubled its year-on-year Diabetes member counts and is already profitable on a recurring basis, despite only having a little over 1% saturation of the U.S. diabetes market.
When discussing no-brainer investments, cybersecurity has to be at or near the top of the list. As more and more businesses shift online or into remote work environments, there’s growing importance on protecting company-sensitive information. This protection is increasingly falling into the hands of cloud-focused cybersecurity companies like CrowdStrike Holdings (NASDAQ:CRWD).
CrowdStrike’s Falcon platform is cloud-native and uses AI to assess more than 3 trillion events each week. Basically, the company’s platform is growing smarter every day in recognizing threats. That’s obviously something CrowdStrike’s clients have come to appreciate, as the percentage of customers with at least four cloud module subscriptions has catapulted from 9% in fiscal Q1 2018 to 57% in fiscal Q2 2021 — a stretch of 13 quarters. Having existing clients spend more is CrowdStrike’s recipe for rapid margin expansion.