I like to buy or short companies ahead of their earning and sell after hours after the volatility. As part of my research I simply look how much traffic the companies website gets if it is a internet based business. While looking at TeladocHealth.com I noticed a HUGE jump in monthly visits. Teladoc.com is slightly down.
Does anyone know the difference b/w Teladoc Health and regular Teladoc? It looks like Teledochealth.com is a new all inclusive service for doctors appointments for stuff like mental health. With the increase in this new business line wouldn't that equate to more revenue? Revenue last quarter (before the jump in visits was $630M and this quarter its expected to be $649M.
Thoughts?
Side note on my earnings trading strategy: Last week I noticed less people are going to Netflix.com. Everyone was bullish due to not being able to share passwords equating to more signups. More signups would mean more visits to Netflix.com but that wasn't the case so I shorted and made an instant 10%. I also shorted becuase it looked overbought and even with good earnings a correction was needed of people taking profits.
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