Teladoc Health Inc., based in Purchase, New York, provides telemedicine virtual healthcare services in the United States and internationally. Customers can speak to licensed physicians about non-emergency care, mental health, and dermatological conditions, and receive remote prescriptions for medication. Clients sign up for yearly or monthly subscriptions, and may also pay a flat fee for an appointment. Founded in 2002, the company has grown into one of the largest virtual healthcare platforms in the United States. Since its IPO in 2015, the company has increased its membership, product offerings, and the utilization of its services.

The major benchmarks are all higher by at least 1% with small caps and tech stocks leading the way. Walmart crushed it last quarter, bringing in higher sales and revenue. Overall, Retail Sales signal a happy consumer as well, and jobless claims are in check. It's a good day.

The second quarter of 2024 was rewarding for equity investors, as the S&P 500 increased another 4% and has gained almost 15% year to date. Growth was the segment leader in 2Q, as the S&P 500 Growth Index advanced approximately 8% in the period while the S&P 500 Value Index declined slightly. Leading sectors included Information Technology and Communication Services, while sectors in the red for the past three months included Real Estate, Materials, Industrials, Financial, and Energy. The average stock in the Argus Universe of Coverage declined 2.4% during the quarter, while the median stock dropped 3.0%. The average BUY-rated stock declined 0.7%, while the average HOLD-rated stock gained 6.7%. Will the rally broaden in 2H24, or will investors keep focusing on Tech and Communications groups? Will small-caps pick up their pace (the Russell 2000 was up 1.8% in 1H24), or is the current bull market rally due for a break, with some profit-taking coming into play? Given declining interest rates, we expect growth stocks to continue to carry the bull market, while the risk of recession puts a premium on clean balance sheets, which are also more prevalent among large-caps. Investors seeking value are encouraged to focus on dividends and look for yields in the 3-4% range. Here are the top 10 performers from the Argus Universe last quarter, including, somewhat surprisingly, representatives of five of the 11 major sectors, as well as the five worst performers.

Teladoc Health Inc., based in Purchase, New York, provides telemedicine virtual healthcare services in the United States and internationally. Customers can speak to licensed physicians about non-emergency care, mental health, and dermatological conditions, and receive remote prescriptions for medication. Clients sign up for yearly or monthly subscriptions, and may also pay a flat fee for an appointment. Founded in 2002, the company has grown into one of the largest virtual healthcare platforms in the United States. Since its IPO in 2015, the company has increased its membership, product offerings, and the utilization of its services.