CVS Health has acquired Signify Health in an effort to expand its reach into home health care.
Guy says in a higher interest rate environment he would go with insurer without question.
Guy says that $WBA's stock is going to get interesting if you are looking to play stock market.
Guy says in a higher interest rate environment he would go with insurer without question.
Guy says that $WBA's stock is going to get interesting if you are looking to play stock market.
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00:00 Guy, if you look at the way that CVS has kind of strategically placed itself at Signify,
00:06 Walgreens is kind of doing the same thing.
00:08 Amazon, you could argue, is looking at that same tilt.
00:12 If you were to look at the demographic play to pay the long-term trend in healthcare,
00:16 is it CVS?
00:17 Is it Walgreens?
00:18 Is it Amazon?
00:19 Is it somewhere else like an insurer?
00:20 I mean, where do you think it is?
00:22 Higher interest rate environment, I go to the insurers without question.
00:25 This environment works for them.
00:26 But I'll say WBA that Karen and Tim brought up, 10-year low in the stock.
00:31 I mean, this stock has been grim death now for quite some time.
00:35 That Carecentrics deal they just closed, I want to say a week or so ago.
00:39 This stock is going to get looking pretty interesting just on a technical basis and
00:42 evaluation basis pretty quick.
00:44 So I'm not saying they're going to be the winner, but if you're looking to play stock
00:47 market here, that's the place I would go.
00:49 All right.
00:50 WBA, the call there from Guy Adami.