CVS Health is my Newest Addition
Ninety-five quarters is 24 years. As I continue to manage our investments, I tend to look favorably at new opportunities in technology and health care. I have been watching CVS Health drop in price over the past couple of months – since June to be more specific. Today I decided the stock was oversold. By that I mean the current price doesn’t value CVS appropriately.
Health Care Investments
Most of my health care investment dollars are in big pharmaceutical companies. Three of my top health care holdings are Abbvie (ABBV), Pfizer (PFE) and Johnson & Johnson (JNJ). CVS offers an opportunity to collect dividends while the price recovers. It is impossible to know if the price will recover, but I believe it is likely.
I now hold 100 shares of CVS. I don’t plan to buy more shares at this time. If the price pops up quickly, then I will sell to lock in the profits, but I will only do that for at least a 20% gain.