3 Reasons to Buy This Blue Chip Healthcare Stock
High inflation and negative 1.4% U.S. gross domestic product (GDP) growth in the first quarter has some investors worried that the economy could be in a recession right now. Until GDP data for the second quarter is released in the coming weeks, this theory can't be confirmed or refuted.
At any rate, it's a good idea to prepare your portfolio for a recession by allocating capital to recession-resistant sectors of the economy. Demand for healthcare products and services tends to steadily grow, regardless of the state of the economy.
The pharmacy operator and health insurer CVS Health (NYSE: CVS) seems like a buy for investors looking to position their portfolios for an economic downturn. Let's dig into three reasons why.
Source Fool.com
