UnitedHealth Group, Anthem and other health insurers were popular among hedge funders last quarter.
CVS Health shares moved lower after the company posted first quarter financial results, which has many traders watching these key levels.
Drug store chain CVS Health Corporation is too cheap to ignore, with a P/E ratio of just 10.81 and a dividend yield of 2.86%.
Pharmacy stocks got a lift in trading Monday after CNBC reported Amazon is backing off of selling drugs to hospitals.
With volatility back and valuations stretched, Fidelity fund managers are focused on stocks that are of a high quality, properly valued and pay dividends.
Critics indicate that the pharmacy chain could do a better job revamping its stores on its own.
Analysts recommend buying shares of companies with large domestic sales exposure.
Protectionist move: if a global trade war erupts, domestic-facing U.S. stocks should fare well.
The move could spur a price war, pressuring margins at rivals CVS, Walgreens and Rite Aid.
Albertson and Rite Aid are inking a deal in an effort to push back the likes of Amazon and Walmart.