Although it's been a dud of a performer in 2021, telehealth platform Teladoc Health (NYSE: TDOC) is a holding I fully expect to deliver 10X (or greater) returns by the time I'm ready to enjoy retirement. While some folks would opine that Teladoc was lucky to be in the right place at the right time when the pandemic struck, I'd contend that they're not looking at the bigger picture. For instance, in the six years leading up to the pandemic, Teladoc's average annual sales grew by 74%.
Three growth stocks have shed more than half of their value despite continuing to post double-digit sales growth.
The stock market has been performing amazingly well in 2021. Two of the biggest names that got crushed in 2021 were Pinterest (NYSE: PINS) and Lemonade (NYSE: LMND) -- falling 52% and 72% off their highs, respectively. Shares of the social media company have gotten hammered in 2021, slowly falling from the highs they hit in the first few months of the year.