Move Aside, Meme Stocks: This Defensive Retail Stock Could Be Better
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In 2021, meme stocks have attracted a lot of interest from retail investors. While share prices of meme stocks have skyrocketed to incredible highs, they’ve also crashed to devastating lows. Accordingly, many investors following the crowd have suffered significant losses.
Indeed, those that ignored this noise and focused instead on high-quality retailers like
Loblaw Companies(TSX:L) instead have come out ahead in most cases.
Here’s why I think Loblaw remains an intriguing pick today, relative to meme stocks.
Analysts are bullish on Loblaw
If Virtual Health Care Is the Future, Then This TSX Stock Is a Screaming Buy
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The telemedicine sector is red hot right now. Indeed, the innovation this sector provides has been necessary as a result of the pandemic.
However, for those banking on the long term, this sector could be a great one to invest in right now. Pandemic-friendly stocks are selling off right now. For those who believe in a telemedicine-oriented future, now’s the time to buy.
One of the newer entrants onto the TSX,
Dialogue Health(TSX:CARE) is an intriguing option in this space. Here’s more on what this company does and why I think it’s an interesting pick today.
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