Spotlight on Top 2 Under-$20 Stocks in the Crypto Market

• US Stock Market Soars Ahead of Pending Fed Minutes
• Key Stocks to Watch Under $100
• Chewy
• Teladoc Health

US Stock Market Soars Ahead of Pending Fed Minutes

On Monday, the US stock market experienced a significant rally. Leading stocks showed tremendous performance throughout the day, with the Dow Jones Industrial Average increasing by 203 points, while the Nasdaq Composite saw a 159-point spike. This positive market trend can be attributed to the anticipation surrounding the forthcoming Fed minutes, which could determine the financial sector's next steps. Bullish sentiments are prevalent in the US stock market, resulting in a profitable week for investors. This post will spotlight two stocks under $100 that you should keep an eye on this year.

Key Stocks to Watch Under $100

Chewy

Chewy, a popular brand among pet owners, offers a wide range of products, from treats and medications to collars. The company has plans for expansion into Canada, with an announcement expected early next year. The pet products company anticipates achieving profits comparable to its US operations once it begins business in Canada. Therefore, investors might find it beneficial to establish a position before this expansion. Chewy's stock currently trades at $20.58, after having hit a 52-week low of $16.53.

Teladoc Health

Teladoc Health is experiencing accelerated growth following the pandemic. After announcing a billion-dollar non-cash goodwill impairment charge, the company is now on a course to profitability. In their recent quarterly results, Teladoc exceeded expectations with an adjusted EBITDA exceeding $72 million. The health firm is finding profitability in integrated care plans sold to companies, organizations, and directly to consumers. This segment could fuel growth as approximately half of Americans suffer from at least one chronic illness. Teladoc's shares are currently trading at $17.47, close to its 52-week lows.

Edited by Jonathan Stoker