High-yield healthcare stocks down over 25%, Pfizer, Bristol Myers Squibb, and CVS Health.

From Yahoo Finance: 2024-06-15 17:57:00

The S&P 500 has surged 25% in the past year, but some healthcare stocks have fallen over 25%. Despite setbacks, Pfizer, Bristol Myers Squibb, and CVS Health maintain robust dividend programs, with Pfizer’s yield at 6.1%. Pfizer expects adjusted EPS between $2.15 and $2.35, easily covering its dividend commitment of $1.68 per share. Conversely, Bristol Myers Squibb lowered its earnings outlook due to a costly acquisition, but awaits FDA approval for Karuna Therapeutics’ new schizophrenia drug. CVS Health, down 27%, offers a 4.4% yield based on strong dividend growth and expanding healthcare services.

The Motley Fool highlights the 10 best stocks to buy now, excluding Pfizer. Stock Advisor analysts provide a successful investment blueprint, with recommendations like Nvidia in 2005 turning $1,000 into $808,105. The service has outperformed the S&P 500 since 2002. Analyst Cory Renauer holds positions in CVS Health, Bristol Myers Squibb, and Pfizer, with the Motley Fool recommending the latter two.



Read more at Yahoo Finance: 3 High-Yield S&P 500 Dividend Stocks Down More Than 25% to Buy Now and Hold for at Least a Decade