Teladoc operates in two business segments - Teladoc Health Integrated Care and BetterHelp. Integrated Care consists of B2B distribution channels, including services offered through employers, health plans, and other providers. BetterHelp consists of mental health services sold through direct-to-consumer distribution channels. 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 'Trump Bump' was fun while it lasted, but stocks imploded after three days as quickly as they exploded. For the major indices, the pullback was not unexpected, this as the S&P 500 (SPX) and the NYSE ran into big psychological resistance (6,000 and 20,000); the market was very overbought on a short-term basis; and the impact of changed government policies are not entirely known and also are months away. As well, the SPX ran right up to significant trendline resistance drawn off the peaks since November 2022, February 2023, July 2023, March 2024, and July 2024. As with most trendlines, this one is not perfect -- but it is still important. On Friday, November 15, the SPX bounced off short-term support from its 21-day exponential as well as its recent breakout area. Short-term worries include a bearish signal from the Vortex Indicator and the 21-day rate-of-change reading (which is close to crossing into negative territory). From an intermediate-term basis, the SPX has traced out two weekly bearish divergences for the first time since late 2021, which marked a key market high. The price structure since the August 5 low still appears to be a bearish wedge; to complete the pattern, the index needs to break 5,820 this week. Other near-term support levels include the 50-day at 5,775; minor chart support at 5,700; and the last breakout point and 21-week exponential moving average near 5,650. As we enter the home stretch of 2024, some technical issues bear watching. Seasonal factors are a tailwind for stocks. But everyone knows that -- and there aren't too many bears out there who are still betting against history. Switching gears, certain commodities bounced off their recent lows on November 18. While it's too early to call for new uptrends, the Commitment of Traders (COT) data shows that the smart money commercial hedgers are looking for higher prices. WTI once again has held chart support in the $66-$67/barrel area. This price has been hit many times going back to early 2023, so it has become a key marker. WTI is approaching $70 and Energy sector stocks (XLE) were a leading sector on 11/18. Copper is also bouncing off $4, which was a low over the summer. So far, copper has traced out an ABC decline off its recent peak at the end of September.

Alibaba is the world’s largest online and mobile commerce company as measured by gross merchandise volume. It operates China’s online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company’s website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.