Guy Adami on Where He's Seeing Other Opportunities in the Health Care Space

Bullish Studio

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.

Transcript

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.

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