Is CVS Working Its Way Back to Its Record High?

StockNews

Published May 04, 2021 09:32AM ET

Updated May 04, 2021 10:30AM ET

Is CVS Working Its Way Back to Its Record High?

The pandemic brought a renewed interest in the health care sector. CVS Health (NYSE:CVS) is one of the largest and most diverse health care companies in the country. The company has a strong history of earnings and revenue growth and its stock has shown recent bullish momentum. Will it get back to its record high? Read more to find out.

  • A massive healthcare franchise
  • Bullish price action over the past year
  • Impressive earnings and revenue trends
  • Analysts love this stock
  • A juicy dividend while waiting for capital appreciation
The 2020 global pandemic put the spotlight on US healthcare. As of April 23, COVID-19, the number of confirmed US coronavirus cases was over 33 million, with more than 590,000 fatalities. Over 43% of the US population has already received vaccines creating herd immunity to the virus. While the Pfizer (NYSE:PFE), Moderna (NASDAQ:MRNA), and Johnson and Johnson (JNJ) vaccines do not guarantee total immunity from COVID-19, scientists have proven they prevent hospitalizations and death from the pandemic.

Healthcare in the US has been a political football over the past years, but the pandemic has raised its profile. CVS Health Corporation (CVS) is a leading health services provider. The company’s market cap stood at just over the $100 billion level on April 30, with the stock trending higher over the past year.

A massive healthcare franchise

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