The Cheat Sheet - April 4, 2020

 
Profit Trends

+95.0% YTD

+18.7% YTD

+11.2% YTD

Teladoc Health
(NYSE: TDOC)

DocuSign
(Nasdaq: DOCU)

Slack Technologies
(NYSE: WORK)

 

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- Kaitlyn Hopkins, Assistant Managing Editor

 
Power Lines

Utilities Scramble in Wake of COVID-19... But Is Now the Time to Buy?

Read More...

Red Pot Stocks

6 Pot Stocks at Risk of Being Delisted

Read More...

Glasses on Table

5 Restaurant Stocks I'm Not Taking a Bite of Yet

Read More...

Old Lady Tablet

A Surprising Healthcare Opportunity in the Era of "Social Distancing"

Read More...

 
Children's Hospital

Source: Smith Collection/Gado/Getty Images

 

Telemedicine carts, like the two pictured above, have risen in popularity thanks to the spread of COVID-19 and the newfound need for social distancing. As a result, health insurance companies in the U.S. are altering policies to allow for the use of telehealth.

On Monday, the Centers for Medicare & Medicaid Services declared policy reforms, granting temporary changes in government-provided healthcare. These include 80 added telehealth services.

Additionally, Cigna health insurance waived out-of-pocket costs for COVID-19 testing-related visits, including those that can occur through telemedicine.

 

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Left Quote

This bear market will be with us at least until COVID-19 cases peak and begin to fall. That provides a perfect opportunity to cash in on the downside.

Right Quote
 

- Matthew Carr
Chief Trends Strategist

 
 
Chart - Utilities Sector SPDR ETF
 

Utilities were hammered just like everything else. Concerns about grid reliability during the outbreak pummeled shares of utility stocks.

The Utilities Select Sector SPDR ETF (NYSE: XLU) was down more than 30% from its recent high. As of this writing, it's still down 13%.

In the midst of COVID-19, utilities are scrambling. They have to change the way they operate.

Read More...

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