Diamonds and Dogs
CVS Health (CVS) looking healthier. The drugstore and health insurance giant is up 7% to a three month high following better than expected earnings and raised guidance. A surge in coronavirus testing along with a rebound in insurance and retail business led to the better numbers. CVS Health opened 4,000 testing centers across the country and administered 6 million Covid-19 tests.
Profit-taking in Electronic Arts (EA). The video game maker is down 7% following an earnings beat as sales fell 30.7% to $910 million, missing estimates. The company also lowered guidance while also initiating a dividend of 17 cents fora yield of 0.6%. The dividend may signal slowing growth going forward.
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