{"id":109910,"date":"2021-11-05T10:15:00","date_gmt":"2021-11-05T14:15:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=109910"},"modified":"2023-03-01T14:59:53","modified_gmt":"2023-03-01T19:59:53","slug":"profit-booster","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/profit-booster\/","title":{"rendered":"Profit Booster"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>CVS\u00a0reported\u00a0better-than-expected earnings on Wednesday, as the healthcare giant\u2019s shots do wonders for American shoppers and its own bank balance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-this-mean\">What does this mean?<\/h2>\n\n\n\n<p>Coronavirus vaccines are still in high demand in the US, with Delta still on the prowl and booster shots now the must-have winter accessory. And CVS has been more than happy to provide:&nbsp;the company administered 9 million vaccines last quarter, which helped push up retail revenue by 10% versus the same time last year. What\u2019s more, a rise in visits to the doctor has meant more prescriptions for CVS to fill, which boosted its pharmacy revenue by a tidy 9%.<br><br>All in all, that brought overall revenue up 10% last quarter. And CVS doesn\u2019t think that\u2019ll dry up anytime soon: the US&nbsp;<a href=\"https:\/\/news.sky.com\/story\/covid-19-us-gives-final-stamp-of-approval-to-pfizers-vaccine-for-children-aged-five-to-11-12458537\">authorized<\/a>&nbsp;the Pfizer vaccine for kids aged five to eleven this week, which might just be why it raised its full-year profit outlook. Investors were impressed: they sent CVS\u2019s stock up 5% after the news.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-i-care\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>The bigger picture:&nbsp;<\/em><\/strong><em>The best of both.<\/em><\/p>\n\n\n\n<p>CVS is actually an \u201cintegrated healthcare provider\u201d, meaning it both sells drugs and offers health insurance services. That\u2019s proved forward-thinking: the pandemic has, after all, boosted retail revenue through vaccines and tests, even as it\u2019s increased costs for its insurance business. Pure-play companies like Humana haven\u2019t been so lucky: the health insurance firm&nbsp;<a href=\"https:\/\/www.nasdaq.com\/articles\/humana-declines-7.4-on-mixed-q3-results-lowered-guidance-2021-11-03\">announced<\/a>&nbsp;on Wednesday that Covid\u2019s hurt its bottom line, and its stock initially fell 7%.<br><br><strong><em>Zooming in:&nbsp;<\/em><\/strong><em>CVS is innovating.<\/em><\/p>\n\n\n\n<p>CVS has something else up its sleeve: the company\u2019s increasingly been linking its different healthcare offerings with one another \u2013 encouraging its health insurance members to visit its clinics, say. It\u2019s also just launched a virtual care service, allowing customers to see a doctor around the clock. That could be a shrewd move: <a href=\"https:\/\/www.mckinsey.com\/industries\/healthcare-systems-and-services\/our-insights\/telehealth-a-quarter-trillion-dollar-post-covid-19-reality#may29\">McKinsey reckons the US telehealth industry will grow<\/a> from its 2019 revenue of $3 billion to as much as $250 billion.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted on November 3, 2021 &#8211; <a href=\"https:\/\/www.finimize.com\/wp\/news\/profit-booster\/\">Profit Booster<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CVS reported better-than-expected earnings on Wednesday, as the healthcare giant\u2019s shots do wonders for American shoppers and its own bank balance.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[695,267],"contributors-categories":[13597],"class_list":{"0":"post-109910","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-cvs","13":"tag-earnings","14":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Profit Booster | Traders&#039; Insight<\/title>\n<meta name=\"description\" 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