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CVS HEALTH CORPORATION

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CVS trade ideas

CVS bullish trajectory for possible weekend gap jumpCVS fundamentals are impeccable: P/B 1.48, P/E 12, Div/Yield 2.68%, Q3 revenue $67B, 2020 earnings guidance $7.35-7.45 per share. CVS is the largest pharmacy in the US. 70% percent of the US population lives within three minutes of a CVS store. CVS fair value is $92 updated on November 20 by Morningstar. I entered CVS$73-75strangle12/11 contracts at 3:30pm on 12/4 to have insurance on the low end *just in case. $75call Delta: .44, Theta: .09, $73put Delta: .30, Theta: .07. From the look of it, CVS checks all the boxes: technically, fundamentally & newsworthy are all bullish for CVS. (Bloomberg) CVS Health will administer Eli Lilly's Covid-19 treatment in patients homes and in long-term care facilities through a program with the U.S. government’s Operation Warp Speed, the pharmacy chain said. Lilly’s monoclonal antibody therapy, bamlanivimab, has been found to keep patients in the early stages of Covid-19 from developing more severe disease that requires hospitalization. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum www.tradingview.com
NYSE:CVSLong
by Options360
14
CVS HEALTH CORPORATION Chart DailyHey people, CVS HEALTH CORPORATION is in bullish momentum with a large hammer candle and abnormal acht volume. In the TIMEFRAME M1 we see a marubozu with a large volume of purchases issued, it is in the middle of a range test. Great possibility of breaking out the price and at the same time arranging it to arrive in the one above and go to the next higher. With several high notably (on TIMEFRAME H4) upstream and an excess (on TIMEFRAME H1) Before we start breaking the intermediate median of ANDREWS PICHTFORK. And if the buyers are still in the process, reach the second high verifacation (on the TIMEFRAME H4) with an excess on the TIMEFRAME H1. Little force to arrive at half of the intermediate median of the fork ANDREWS PICHTFORK Please LIKE & FOLLOW, thank you!
NYSE:CVSShort
by stephanelibatd
Snatch This Pair When The Time Is RightHey! So this trade is a super simple trade having to do with Amazon's recent announcement that they will be entering the online pharmacy space. TLDR: go long CVS and short WBA on a pullback in this pair. While I like this trade long term from a valuation / EPS / brand strength perspective, the catalyst for a new leg up in this ratio was just announced: the entrance of Amazon into the digital pharmacy space. CVS will outperform WBA, and here's why: Last year CVS Health bought AET, the massive health insurance company. This was to diversify its holdings, but also to ensure a steady stream of pharmacy business given that the insurer has a degree of control over its own health network. It can choose to have it's insuree-s get their pills from CVS stores, not Amazon. WBA is floating right now, out in the ether with neither the reputation of Amazon nor the infrastructure of CVS to compete in this space. It is simply outclassed and will continue to underperform the leaders that are well prepared to do battle. Buy on any pullbacks. Another potential trade to consider would be Long AMZN and CVS, and Short WBA and RAD, but it's likely that you're already in an Amazon position from another theme so you may not want to over-allocate. Cheers!
NYSE:CVSLong
by PropNotes
CVS price target $72 by 11/06 earningsIf you didn't get a chance to get a position in CVS the past week, you may have a brief opportunity to still get an entry price a hair under $60, thanks to Friday's (10/9) brief pullback. My price target for CVS is $72 by 11/06 earnings. I've said it before, but let me re-iterate, CVS is a value stock with very low risk at this current entry price under $60 (10/09 close $59.40). If you want to balance your trading portfolio forward looking for the rest of the year CVS is definitely the stock to consider. Compared to other competitors in the industry, CVS current valuation gives you a great chance to capitalize on it's impending upward momentum heading into Nov 6 earnings & the winter flu season. Comparisons of CVS to Industry are as follows: P/E 9.43 vs 20.15 : P/S .29 vs 8.85 : P/B 1.14 vs 5.97 as you can see CVS truly is a value play. Good luck and happy trading friends...
NYSE:CVSLong
by Options360