February 10, 2024 | CVS, Daily JAM, Dividend Income, Videos |
Today’s Quick Pick is CVS Health (CVS). CVS owns a unique combination of healthcare delivery channels. Drugstores, yes–9,000 of them. But the company also owns health insurance company, Aetna, and Caremark, the largest pharmacy benefit manager. And recently it moved into the primary care marketplace through its acquisition of Oak Street. The company reported earnings on Wednesday, February 7, and the stock was up about 3.25% after that. While the earnings were good, (they beat by $0.13) the guidance is what is important here. The company projected higher costs for 2024 and cut guidance for GAAP earnings ($7.06) and adjusted earnings ($8.30). The reason the stock went up despite these cuts is that everyone was expecting DEEPER cuts to guidance. CVS has been signaling for weeks that rising costs in 2024 could be painful for the healthcare sector as a whole, and the relatively minor cuts in guidance led to a rally in the stock. Morningstar calculates a fair value for CVS Health of $103 a share. The stock closed at $76.32 on February 9. The stock also pays a 2.36% dividend. The stock is a member of my Dividend Portfolio. That position is up 31.25% since October 28, 2020.
December 11, 2023 | Daily JAM, DHR, Jubak Picks |
GREATER Growth Stock Pick #6: Danaher (DHR). Danaher is a smart (that’s key) serial acquirer–and asset divester–in the life sciences space. And that makes this stock very interesting in an environment where small, young life sciences companies might be looking for help/rescue/acquisition because they can’t raise capital in a tough part of the credit cycle. I like Danaher now, as well, because the stock looks to have just about completed its re-rating after a spike in sales during the Covid pandemic led to over enthusiasm about the stock.
January 28, 2019 | Daily JAM, ISRG, Stock Alerts |
Tomorrow, January 30, I will add Intuitive Surgical (ISRG), one of my 10 Best Buys for After the Bear and an artificial intelligence pick from my Next 3 Big Things Special Report, to my long-term 50 Stocks Portfolio. The company recently reported fourth quarter...
June 22, 2017 | Daily JAM |
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March 13, 2017 | Daily JAM |
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November 7, 2016 | Daily JAM, Morning Briefing, Short Term |
The hedges have been coming off today as the financial markets react to FBI director James Comey’s second letter on the FBI’s perusal of a trove of email’s on a laptop that was shared by Clinton aide Huma Abedin with her estranged husband (and former Dencratic Congressman from New York) Anthony Weiner. It’s not so much that Wall Street loves Hilary Clinton as that the markets fear the unpredictability of Donald Trump
March 20, 2015 | Stock Alerts |
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June 27, 2014 | Daily JAM, Friday Trick or Trend, Mid Term |
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July 3, 2013 | Daily JAM, Stock Alerts |
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April 5, 2013 | Daily JAM, Stock Alerts |
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