September Sell-Off: Is Teladoc Health a Buy While It's Down?
Any time the Dow Jones Industrial Average drops by 600 points in a day, that's a good time for investors to pause and reflect -- even if that now represents a less than 2% decline for the index. At the very least, such drop-offs can serve as a reminder to re-evaluate the stocks that you own and confirm that they are solid businesses built for the long haul.
Day traders certainly have reason to be freaked out by such swift downdrafts, but investors holding strong companies for the long term have nothing to fear. While market corrections happen on a regular basis, they tend not to last long, relatively speaking. As the old adage goes, it's time in the market, not timing the market, that counts the most.
Teladoc Health (NYSE: TDOC) also declined during the recent slide -- in fact, on a percentage basis, its fall was three times as great as the Dow's (before rebounding today). So is this a good time to buy it?
Source Fool.com
