Better Buy: CVS vs. Walgreens Boots Alliance
As investors look for safer, more reliable stocks to hold during what could be more challenging economic time, both Walgreens Boots Alliance (NASDAQ: WBA) and CVS Health (NYSE: CVS) are attractive options. Both are fairly stable healthcare stocks that can be great pillars for any portfolio.
But deciding which one is the better of the two is no easy task. Some of the factors that investors should consider are the changes the pharmacy companies are going through, how they've performed recently, and their overall valuations.
Walgreens and CVS raised some eyebrows this year as both companies announced store closures. Walgreens is planning to close 200 U.S. stores while CVS will close 22 stores in 2020, in addition to the 46 it announced it would close earlier this year. However, the companies aren't shutting down locations because their businesses are in trouble. Instead, CVS and Walgreens are looking to get leaner, cut costs, and change up how their businesses run.
Source Fool.com
