Investors are holding out hope for a Santa Claus rally to close out 2021, a year in which the S&P 500 has returned an impressive 28%. If yesterday’s optimism was any indicator, they might get it. Nothing seems impossible with the S&P 500 hitting a new intraday high and another record close in the previous session.
Today we’re highlighting a value name that is likely to do well in the coming months, regardless of whether the bulls will steer the ship in 2022.
Wall Street Legend Warns: “A Strange Day Is Coming to America”
“A massive and surprising new transition could determine the next group of millionaires,” says Chaikin, who predicted the 2020 market crash. “While leaving 99% of the public worse off than before.”
“If you own regular stocks, you’re in for a big surprise,” he adds. [Full Story Here…]
CVS Health Corporation (CVS) recently outlined its long-term growth strategy at its 2021 Investor Day, aiming at capitalizing on the significant market opportunity to make healthcare more convenient, personalized, and affordable for consumers. The company will optimize the retail portfolio to serve as community health destinations by closing nearly 900 stores over the next three years to reduce store density and ensure it has the right kinds of stores in the right locations for consumers and the business.
Moreover, CVS Health is driving a digital-first, technology-forward approach that will expand its reach and engagement with its more than 35 million online members. The company will also enhance omnichannel health services to meet the needs of consumers as and when required.
For 2021, the company projects total revenues of at least $290.30 billion. The company’s adjusted earnings per share (EPS) is expected to be at least $8.00. Cash flow from operations is expected to be at least $13.50 billion.
CVS Health also presented a long-term outlook and growth targets. As part of its long-term growth trajectory, the company targets a return to low double-digit adjusted EPS growth in 2024 and beyond.
Goldman Sachs analyst Nathan Rich recently initiated coverage of CVS with a Buy rating and $121 price target. The analyst started the U.S. Managed Care sector with a positive outlook and sees potential for 13% annual earnings growth for the large-cap names over the next two years. He sees “under-appreciated optionality” in CVS’s new provider-focused strategy, with leverage to the value-based care theme and “strong” underlying fundamentals.
Where to invest $1,000 right now...
Before you consider buying CVS, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not CVS.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Investing Prodigy Reveals #1 Stock Pick for 2023
Stock-picking savant uses AI & Big Data to zero in on #1 stock of 2022. Cutting-edge methods producing amazing results. [Click here for details.]