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MarketFoolery

Health, Tech, Auto Sales

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 16 February 2021

⏱️ 17 minutes

🧾️ Download transcript

Summary

CVS Health’s 4th-quarter profits come in higher than expected. Ceva pops on a strong end to the fiscal year. AutoNation hits a new high and announces a $1 billion share buyback plan. Jason Moser analyzes those stories, plus we discuss the passing of Marriott CEO Arne Sorensen and his legacy leading the largest hotel chain in the world.

Transcript

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0:00.0

It's Tuesday, February 16th, welcome to Marketfoolery, I'm Chris Hale joining me today, Jason

0:07.6

Moser in the house.

0:08.6

Good to see you.

0:09.6

Addy, how are you?

0:10.6

I'm doing all right, we've got a bunch of things to get to, we've got auto sales, we've

0:15.6

got tech earnings, we're going to start with healthcare, fourth quarter profits for CVS

0:20.1

health came in higher than expected, foot traffic is down in the stores which is to be expected

0:25.5

but pharmacy sales are up, CVS is doing COVID-19 testing as well as vaccines, it seems like

0:33.7

this was a pretty solid quarter.

0:36.7

Yeah, you know, I mean, when you look at CVS, this hasn't been the greatest investment

0:41.4

over the past several years, I wonder though if we won't see going forward, perhaps

0:47.8

some goodwill and some brand equity come from all of this stuff that's coming with

0:53.7

the pandemic.

0:54.7

But because I think CVS ultimately is being seen as a part of the solution here, right?

0:59.4

I mean, they've, they've been selected as one of the national partners for the federal

1:02.8

pharmacy partnership program and that's ultimately what is behind the Biden administration's

1:08.8

plan to vaccinate 300 million Americans by the end of the summer, lofty gold, no doubt

1:13.7

about it.

1:14.7

But man, I think when it comes to something like that, you got to go big, right?

1:19.2

They've been, they've been a central part of the vaccines in regard to the long term

1:28.8

care homes.

1:30.4

And so I think all together, understanding the challenges that the company's seen over

...

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