2 Absurdly Cheap Healthcare Stocks to Buy and Hold for Decades
Investing in healthcare can be an excellent way to focus on stable, long-term growth opportunities. And many top healthcare stocks also pay dividends. Two of the best healthcare stocks to buy right now are CVS Health (NYSE: CVS) and Bristol Myers Squibb (NYSE: BMY). These stocks are not only cheap but they can be strong pillars to build your portfolio around for decades, and they both provide an excellent dividend.
CVS is a top healthcare company that has been growing its presence over the years through acquisitions. In 2018, it acquired Aetna to expand into health insurance. This year, it has added home health company Signify Health and primary care operator Oak Street Health into the fold.
The company has the potential to be one of the larger healthcare stocks in the world. By diversifying its operations, CVS is in a great position to meet the growing demand that's likely to come in the years ahead as demographics change and seniors make up more of the population; by 2030, all Baby Boomers will be at least 65 years of age. Investing further and deeper into healthcare should set CVS up for much more growth in the long run.
Source Fool.com
