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These big, well-known stocks are forming the dreaded death cross chart pattern

Pelican Press

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These big, well-known stocks are forming the dreaded ****** cross chart pattern

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due to higher medical costs likely to persist throughout the year. UBS analyst Kevin Caliendo downgraded CVS shares to neutral from buy on the weak report. “Our lack of conviction is not due to a lack of confidence in mgt.’s process,” Caliendo said in a Wednesday note. “Our issue is that there were more parts of the business that required a reset, and a fix is not as simple as ‘cut benefits and reprice’ and margins will improve.”





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Investment strategy,Stock markets,NVIDIA Corp,Arm Holdings PLC,CVS Health Corp,McDonald's Corp,Intel Corp,Goldman Sachs BDC Inc,Earnings,business news
#big #wellknown #stocks #forming #dreaded #****** #cross #chart #pattern

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