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This Boring Business Could Be a Secret Weapon to Beat the Market

TheMotleyFool

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This Boring Business Could Be a Secret Weapon to Beat the Market: https://g.foolcdn.com/editorial/images/725532/pharmacist-searching-for-medicine-pills-prescription.jpg

Wall Street has become pretty pessimistic on the broader market's near-term growth prospects. Consensus estimates call for just 4% earnings growth for the S&P 500 in 2023. Growth could trail the S&P 500's historical average of 10% for longer than that if we enter a recession.

So how do investors find outperformance when growth is out of favor? You might need to go into the bargain bin to find a diamond in the rough. Healthcare company CVS Health (NYSE: CVS) could be a great pick.

The stock has plummeted more than 30% over the past year, but shareholders' fortunes could soon improve. The stock could be a big winner moving forward. Here is why.

Source Fool.com

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