Health care stocks: Buy Elevance Health, portfolio manager says

In today's installment of Good Buy or Goodbye, host Julie Hyman welcomes on Washington Crossing Advisors senior portfolio manager Chad Morganlander to discuss the best investing strategies within the healthcare sector.
Morganlander names Elevance Health (ELV) as a stock to buy for investors, noting the fact the insurance provider's exposure to "US government pricing plans is much far less than their competitors." Morganlander also highlights the company's strong leadership team, noting they "are willing to walk away" from projects that are not "viable" for the business. Finally, he cites the attractive valuation, calling it "a steady eddie rising dividend stock you could put away for three to five years."
On the other hand, Morganlander advises investors to steer clear of CVS Health (CVS). The pharmacy chain took on "tremendous debt overhang" from acquiring Aetna in 2018. Furthermore, Morganlander believes CVS has lost its "competitive advantage" as the retail side of the business begins to slow down.
#CVS #youtube #news

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

Get the latest news and data at finance.yahoo.com

Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance