I am very bullish on CVS. Earning will be great. Rejected the trend-line and from here it's going up. Usually healthcare sector does great during recession.
ChatGpt Fundamental Analysis: Some sectors that are typically considered to be relatively "recession-proof" or that may perform well during a recession include: Healthcare: People will continue to need medical care regardless of the economy, so healthcare companies are often considered a safe bet during tough times.
Fundamental Analysis: #Revenue: CVS Health Corporation's revenue has been steadily increasing over the years. In 2020, the company generated revenue of $256.8 billion and in 2021, it generated $269.5 billion.
#Earnings: CVS Health Corporation has been consistently profitable over the years. In 2020, the company had net income of $4.4 billion and in 2021, it had net income of $4.9 billion.
#Dividends: CVS Health Corporation has been paying dividends to shareholders. In 2021, the company paid dividends of $2.5 billion.
#Debt: CVS Health Corporation has a significant amount of debt. As of December 2021, the company had long-term debt of $35.8 billion
#Market Capitalization: CVS Health Corporation has a market capitalization of $91.9 billion as of January 26th, 2023
#P/E ratio: CVS Health Corporation has a P/E ratio of 14.1 as of January 26th, 2023, it is lower than the industry average which indicates that the stock is undervalued.
#Business Model: CVS Health Corporation operates in the healthcare sector, providing pharmacy services, retail pharmacy, and healthcare clinics. The company's primary sources of revenue include retail pharmacy, pharmacy services, and Medicare Part D.
BULLISH---BULLISH----BULLISH
Note: Please note that this information is for educational purposes only and should not be considered as financial advice. It is important to conduct your own research and consult with a financial professional before making any investment decisions.