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CVS HEALTH CORPCVS HEALTH CORPCVS HEALTH CORP

CVS HEALTH CORP

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CVS trade ideas

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
Bottom Fishing Falling WedgeThe Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. A Falling Wedge fit into a reversal pattern at the bottom, but can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns. This could fall further but long term support not far below price Not a recommendation
NYSE:CVS
by lauralea
CVS double bottom bullish reversalGet ready for a transition into value over the next 2 weeks. The confirmation for this breakout is a close above the upper trend line of the double bottom (59.24), with above average volume (50ML). Regardless of the exact day to enter this week of 9/28, current entry point ($57.32 9/25 close) is fantastic with little historical risk on the down side below $60 anyhow. Once this bullish pattern is confirmed CVS will at least hit $70 by 11/20/2020, historically CVS gains +-20% from the end of September to the end of November. CVS fundamentals are impeccable: book value = $110B vs $75B = market cap, P/E 9, EPS 2.26, $15B cash on hand. CVS is the largest pharmacy in the US. Seventy percent of the U.S. population lives within three minutes of a CVS store. CVS fair value is $92 updated on August 9th by Morningstar. For an options play I would pile up the November 20th Calls while they're still on discount. Good luck and happy trading friends.
NYSE:CVSLong
by Options360
17
CVS wedges (falling) bullish from 9/28 to 11/20Get ready for a transition into value over the next 2 weeks. The confirmation for this pattern is a close above the upper descending trendline on above average daily volume (10M). Regardless of the exact day to enter this week 9/28, current entry point ($57.32 9/25 close) is fantastic with little historical risk on the down side below $60 anyhow. Once this bullish pattern of wedges falling is confirmed CVS will at least hit $70 by 11/20/2020, historically CVS gains +-20% from the end of September to the end of November. CVS fundamentals are impeccable: book value = $110B vs $75B = market cap, P/E 9, EPS 2.26, $15B cash on hand. CVS is the largest pharmacy in the US. Seventy percent of the U.S. population lives within three minutes of a CVS store. CVS fair value is $92 updated on August 9th by Morningstar.
NYSE:CVSLong
by Options360