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Dividend Investor
Safe Income and Dividend Growth

October 4, 2016

Sell CVS Health (CVS). Dividend Growth Tier holding CVS Health (CVS) broke through support yesterday, and we’re going to cut our loss today.

Sell CVS Health (CVS).

Dividend Growth Tier holding CVS Health (CVS) broke through support yesterday, and we’re going to cut our loss today. Volume was only slightly higher than normal, but buyers’ inability to halt the selloff—the stock slid almost 2% during regular trading—makes a strong or quick recovery look unlikely. CVS has been the weakest stock in our portfolio for some time, and our money will be better treated elsewhere.

After selling half our CVS shares last month, we’ll sell our remaining half position at today’s average price. Sell CVS today.