Good inventory investing shouldn’t be emotional, however buyers are solely human, in any case, making it tough to comply with a rational buying and selling technique. Buyers ought to bear in mind the recommendation of Warren Buffett: “We merely try and be fearful when others are grasping and to be grasping solely when others are fearful.” What Buffett is advocating is the oldest of market recommendation: purchase low and promote excessive. Taking this into consideration, we set out on our personal seek for compelling funding alternatives buying and selling at a reduction. Utilizing TipRanks database, we had been capable of finding 3 shares which are down from their current peaks, whereas some Wall Road analysts are recommending to ‘purchase the dip.’ Let’s take a more in-depth look. Teladoc Well being (TDOC) We’ll begin with Teladoc, a distant medical care service, which makes use of on-line networking to attach sufferers with docs for non-emergency issues, together with ear-nose-throat points, lab referrals, fundamental medical recommendation and diagnoses, and prescription refills for non-addictive medicines. Within the firm’s phrases, it’s “distant home calls by major care docs,” utilizing digital expertise to supply an old style service. Teladoc’s service is in excessive demand, and the corona yr noticed the corporate thrive – its enterprise mannequin was an ideal match for COVID-19 pandemic situations. Full-year revenues in 2020 grew 98% year-over-year, to 1.09 billion, and whole affected person visits elevated by 156%, to 10.6 million. As well as, the corporate in October accomplished its merger with competitor Livongo, in a deal price $18.5 billion. Teladoc shareholders now management 58% of the mixed firm. Whereas the transfer provides to Teladoc’s capabilities and potential affected person base, it additionally meant the corporate incurred massive prices throughout This fall. Teladoc needed to pay up in money for the merger, and in consequence, the This fall earnings outcomes confirmed a heavy EPS lack of $3.07 per share. Along with the This fall internet loss, buyers are additionally apprehensive by the 2021 membership steering. Particularly, the determine is more likely to be between 52 million and 54 million, which means development of +3.4-7.4% year-over-year. That is approach down from +40% in 2020 and +61% in 2019. The inventory has slipped 37% since its current peak in mid-February, however Canaccord’s 5-star analyst Richard Shut says to ‘purchase this dip.’ “Brilliant spots similar to multi-product gross sales, growing utilization, new registration power, and go to development in noninfectious areas trump the membership metric when all is claimed and achieved. Alternatives have introduced themselves previously to leap into (or accumulate shares of) Teladoc — we consider this is likely one of the alternatives,” Shut confidently famous. Shut backs these feedback with a Purchase ranking and $330 worth goal that means an upside of 78% within the coming 12 months. (To observe Shut’s observe document, click on right here) Total, Teladoc has engendered loads of Wall Road curiosity. There are 21 evaluations on the inventory, of which 13 are to Purchase and eight are to Maintain, giving TDOC a Reasonable Purchase consensus ranking. The inventory is promoting for $185.43, whereas its $255.05 common worth goal suggests a one-year upside of ~38%. (See TDOC inventory evaluation on TipRanks) Agnico Eagle Mines (AEM) From medical care we’ll transfer on to the mining trade, as a result of generally proudly owning a gold mine is the following neatest thing to proudly owning the gold. Agnico Eagle is a Canadian gold miner within the enterprise for over 60 years. The corporate has lively mining operations in Canada, Mexico, and Finland, and confirmed robust manufacturing in 2020. The corporate’s This fall report detailed over 501,000 ounces of gold produced, at a manufacturing value of $771 per ounce – towards an ‘all-in sustaining value’ of $985 per ounce. That quarterly efficiency was duplicated for the complete yr 2020. Whole gold manufacturing got here in at greater than 1.73 million ounces, the highest finish of the beforehand printed yearly steering, and the manufacturing value per ounce, $838, was properly under the yr’s all-in sustaining value of $1,051 per ounce. Excessive manufacturing – the fourth quarter quantity was an organization document – led to excessive earnings. Agnico reported This fall internet earnings of $205.2 million, which got here out to 85 cents per share. For the complete yr, earnings got here in at $511.6 million, or $2.12 per share. This determine included the 9-cent per share loss in Q1, and was nonetheless 6% larger than the 2019 determine. Regardless of the robust 2020 full-year figures, AEM shares have slipped because the earnings launch, falling some 21% of their worth. Whereas the corporate is worthwhile, and manufacturing is assembly expectations, earnings in This fall had been down 7.6% sequentially and 38% year-over-year. Overlaying this inventory for CIBC, analyst Anita Soni writes, “In our view, the market response on the again of quarterly earnings was overdone and we’d advocate buyers add to positions on the dip… We proceed to favor Agnico for its observe document of prudent capital allocation, largely natural development technique, exploration experience (evident within the robust reserve replenishment and useful resource additions in a COVID impacted yr), undertaking pipeline, and powerful administration.” In gentle of those feedback, Soni set a worth goal of $104 to go together with an Outperform (i.e. Purchase) ranking. Her goal implies a one-year upside potential of 73% from present ranges. (To observe Soni’s observe document, click on right here) Total, Agnico Eagle will get a Sturdy Purchase analyst consensus ranking, primarily based on 12 current evaluations that embrace 9 Buys towards 3 Holds. The shares are priced at $60.12 and their $85.62 common worth goal implies a 42% upside potential for the approaching yr. (See AEM inventory evaluation on TipRanks) Redfin (RDFN) Final however not least is Redfin, a Seattle-based, on-line actual property dealer, with a enterprise mannequin primarily based on modest charges (within the 1% to three%) for sellers to checklist their properties and for closing the sale. The corporate goals to make the house tour, itemizing debut and escrow processes quicker and simpler. Redfin reported a 4.7% year-over-year income achieve in This fall, with the highest line reaching $244 million. EPS, at 11 cents, was far above the 8-cent internet loss recorded within the year-ago quarter. Each numbers beat the Wall Road estimates by substantial margins. For the complete yr 2020, the online loss got here in at $18.5 million, or lower than one-fourth of the 2019 determine. Because the earnings had been launched, RDFN shares are down 25%. Buyers are considerably spooked by the corporate’s Q1 steering, for a quarterly loss within the $36 million to $39 million vary. That is larger than 2020’s whole loss, and there’s some fear that Redfin is slipping away from profitability. The corporate is going through development headwinds from two elements, a scarcity of brokers and a scarcity of properties to checklist. The primary issue may be met by a hiring drive, however the second is out of the corporate’s management – and solely partly compensated for by larger property values. Ygal Arounian, 5-star analyst with Wedbush, wrote a word on Redfin titled, ‘Purchase the Dip, There’s a Lot to Like Right here.’ “The power within the housing market is continuous to drive materials advantages to Redfin, the place it’s having hassle maintaining with demand. Clients in search of service from brokers was +54 y/y, even after Redfin made adjustments to its web site that discouraged prospects from requesting excursions when an agent was unlikely to be accessible,” Arounian wrote. The analyst added, “Redfin nonetheless would not have almost the quantity of brokers it wants for the extent of demand it’s seeing and is hiring aggressively to get there. Agent recruiting elevated by ~80% for lead brokers in Dec/ Jan vs. Sep/Oct. Redfin can also be seeing growing repeat charges and referrals, which may help development for longer.” To this finish, Arounian put a $109 worth goal on the inventory, indicating his confidence in a 57% one-year upside, and backing his Outperform (i.e. Purchase) ranking. (To observe Arounian’s observe document, click on right here) Redfin’s shares have 10 current evaluations on file, with a break down of 4 Buys and 6 Holds, for an analyst consensus ranking of Reasonable Purchase. The typical worth goal is $87.71, implying a 27% upside from the $69.22 buying and selling worth. (See RDFN inventory evaluation on TipRanks) To seek out good concepts for shares buying and selling at engaging valuations, go to TipRanks’ Finest Shares to Purchase, a newly launched instrument that unites all of TipRanks’ fairness insights. Disclaimer: The opinions expressed on this article are solely these of the featured analysts. The content material is meant for use for informational functions solely. It is vitally necessary to do your personal evaluation earlier than making any funding.