Hey everybody! This is an example of some analysis I gave to my Exotics Club Newsletter subscribers a few weeks ago, but I wanted to give you a taste!
Does anybody even know what CVS stands for?
I thought it was “Chocolate Violin Symposium,” but apparently it’s “Consumer Value Store.” A lot of you smart people probably already knew that.
This is CVS (NYSE: CVS)
Anyway, so, obviously, CVS has taken a bit of a bath since all this started. Pretty much everyone has.
But percentage wise, this 27 percent drop doesn’t compare to the 65 percent we were talking about with RH.
Especially since roughly 3 percent of that came just today (picked the wrong day to talk about it, I guess!)
But I’m still confident that CVS will rally back (full disclosure: I’m so confident that I own shares.)
Well, first of all, CVS, Walgreens, and other grocery stores and similar outfits, they don’t close their doors during this whole situation.
Obviously, if you need medicine, you still need to be able to get it.
But more importantly, as we begin to open up and go back into the world, CVS will still be a locus for treatment, and hopefully eventually vaccination, too!
Those are the kinds of stores that seem to me like they’re going to thrive right now: they have a purpose during the shutdown, but they will open to even more customers and success when we get back to something resembling our normal lives.
For me, that means kicking back and getting more time with the cats.
Have a great weekend!!
P.S. Markay Latimer is actually the one that brought the CVS stock to my attention. Here is the link to see exactly what I am talking about.