Friday, September 30, 2016

Stock Swap...Selling ANTM, buying ABBV

I sold ANTM today due to the ongoing uncertainty around their proposed mega-merger with Cigna Healthcare.  I decided to drop this stock and add Abbvie, the spin out from Abbot six years ago. ABBV is currently undervalued, and pays a healthy 3.6% dividend (ANTM was at 2%).

I filled a limit order at $63 today for a 1/2 position in the stock.

Given the uncertainty of the merger for ANTM, the upcoming election, Obamacare, etc..., I'm not really thrilled to own a major healthcare provider.  Instead, I like the drug companies and distributors better.

Here is a snapshot of ABBV today via FastGraphs:

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