Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Macquarie analysts Bob Summers and Max Rakhlenko are expecting CVS Health Corp (NYSE: CVS) to report strong first quarter financial results on Tuesday morning, even in spite of the headwinds posed by a transitory weak flu season and persisting pressure from reimbursement rates.
For the first quarter, the analysts are modeling earnings of $1.16 per share, in line with the Street’s consensus estimates, and 2.4 percent same-store sales growth, comprised of 3 percent growth in pharmacy sales and 1percent front-end growth. On the other hand, they believe that not only the weak flu season will impact negatively on Rx same-store sales, moderating implied drug pricing is also likely to take a toll on results.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Related Link: CVS And Whole Foods To Set The Stage For Retail Earnings?
Overall, the firm remains bullish heading into the earnings call due to:
- 1) An realistic and reachable EPS target
- 2) Sustained integration of recently acquired businesses
- 3) “Further opportunities for accretive cross-vertical consolidation”
- 4) A business model that is generally resistant to recession, and has no FX exposure.
Macquarie experts reiterated an Outperform rating and $115 price target on shares, “and would consider any price weakness associated with a weak transitory flu season weighing on retail and pharmacy comps as buying opportunities.”
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.