Ready to Buy the Dip? CVS Health Stock Is a Smart Buy

At any given time, the market may not be appropriately valuing a stock based on the fundamentals of its underlying business. This is because market participants aren't always completely rational. Value investors can use this knowledge to their advantage by picking up businesses while they are deeply undervalued.

Shares of diversified healthcare giant CVS Health (NYSE: CVS) look to be a savvy buy right now. Here are three reasons why.

Reaching over 110 million members as a pharmacy benefit manager via Caremark and another 24.4 million medical benefit members through Aetna, CVS Health is a titan of the healthcare sector. In fact, the company's $88 billion market capitalization positions it as the third-largest healthcare plan business, behind only UnitedHealth Group and Elevance Health.

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Source Fool.com