CVS Health

Open: 73.19 Close: 74.0 Change: 0.81

Our AI found unexpected things about CVS Health Stock.

Are looking for the most relevant information about CVS Health? Investor spend a lot of time searching for information to make investment decisions in CVS Health. This task is often burdensome and consumes huge amounts of free time. It also leads to mistakes due to fatigue and bounded rationality. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about CVS Health are: CVS, Health, service, company, cut, healthcare, Oak, and the most common words in the summary are: health, cv, cvs, stock, news, market, earnings, . One of the sentences in the summary was: CVS Health posted net income of $1.91 billion for the quarter, …

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Stock Summary

CVS Health Corporation provides health services in the United States. The company operates through Health Care Benefits, Pharmacy Services, and Retail/LTC segments. The Retail/ LTC segment sells prescription and over-the-counter drugs,.

Today's Summary

CVS Health posted net income of $1.91 billion for the quarter, or $1.48 per share, a 37% decline from the same period in 2022. Watchers had its price objective dropped by investment analysts at Royal Bank of Canada from $102.00 to $91.

Today's News

CVS Health posted net income of $1.91 billion for the quarter, or $1.48 per share, a 37% decline from the same period in 2022. CVS has implemented a cost-cutting program as it pushes deeper into health-care services. CVS Health Corporation provides health services in the United States. The company was formerly known as CVS Caremark Corporation and changed its name to CVS in September 2014. CVS Wednesday said it will be expanding the senior healthcare services of Oak Street to 25 states from 21 by end of this year. CVS Health completed its acquisition of Oak Street Health in May for $10.6 billion, adding 600 primary care providers and more than 170 medical centers across 21 states. Total revenue increased 10.3% to $88.9 billion in the quarter, a 10-3% year-over-year increase. CVS Health Corp 26,071 $74.00 $0.09 (0.12%) Today Watchers had its price objective dropped by investment analysts at Royal Bank of Canada from $102.00 to $91.00 in a research note issued on Thursday. Electronic Arts, Generac fall; Humana, CVS Health rise, Wednesday, 8/2/2023. CVS said it no longer expected to hit the earnings targets it had set for 2024 and 2025, raising questions about the companys long-term profit growth. CVS Health reported Q2 2023 earnings per share (EPS) of $1.48 , missing estimates of $2.12 by 30.20%. The company is expected to release next earnings on 11/01/2023. CVS has not specified where the cuts will occur. CVS Health will cut 5,000 jobs as part of a restructuring strategy for the drugstore chain. CVS spokesperson told Beckers the company does not anticipate the cuts will affect its clients and customers. CVS Health Corp. warned investors that profit over the next two years will be hurt as medical expenses rise in its insurance unit and the company cuts costs amid a shift to widened services. CVS plans to build ‘50 To 60 New Oak Street Senior Clinics in 2024. Bank of America Securities analyst Michael Cherny reiterated a Buy rating on CVS Health yesterday and set a price target of $93.00. CVS announced it was closing 900 stores nationwide, amounting to nearly 10% of its footprint, in response to changing “consumer buying patterns” CVS has since increased its focus on healthcare services.

Stock Profile

"CVS Health Corporation provides health services in the United States. It operates through Health Care Benefits, Pharmacy Services, and Retail/LTC segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. The Pharmacy Services segment offers pharmacy benefit management solutions, including plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, clinical, and disease and medical spend management services. It serves employers, insurance companies, unions, government employee groups, health plans, prescription drug plans, Medicaid managed care plans, plans offered on public health insurance and private health insurance exchanges, other sponsors of health benefit plans, and individuals. This segment operates retail specialty pharmacy stores; and specialty mail-order, mail-order dispensing, and compounding pharmacies, as well as branches for infusion and enteral nutrition services. The Retail/LTC segment sells prescription and over-the-counter drugs, consumer health and beauty products, and personal care products; and provides health care services through its MinuteClinic walk-in medical clinics. This segment also distributes prescription drugs; and provides related pharmacy consulting and other ancillary services to care facilities and other care settings. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was incorporated in 1996 and is headquartered in Woonsocket, Rhode Island."

Keywords

This document will help you to evaluate CVS Health without reading an infinite amount of sources. Relying only on stock quotes or prices to make investment decisions is a mistake. Analyzing and observing stock charts, highs and lows and other numerical data does not allow to evaluate the real value of a company. Stock quotes and prices are the result of underlying characteristics of a company and of events and news happening around them. For this reason, investing must be based on information, not numbers. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about CVS Health are: CVS, Health, service, company, cut, healthcare, Oak, and the most common words in the summary are: health, cv, cvs, stock, news, market, earnings, . One of the sentences in the summary was: CVS Health posted net income of $1.91 billion for the quarter, or $1.48 per share, a 37% decline from the same period in 2022. Other searches related to this term that the AI found were: stockmarketlive, livestock, stockmarketforbeginners, thestockmarket, stockmarkettoday, stockmarkettrading, stockmarketstocks, todaystockmarket, thestockmarket, marketnews, stockmarketnews, whatisstockmarket, usstockmarket, stockmarketopen. #health #cv #cvs #stock #news #market #earnings.