The 14th highest revenue generating company in the US is Cardinal Health.
The company has a wide range of health care services and health care as a sector can often be well place to ride out a recession.
Why? This is because health matters are often prioritised when it comes to spending habits of consumers.
With the US expected to fall into a recession shortly, is Cardinal Health worth backing? With over 50% gains in the last 6 months can those gains continue?
Cardinal Health has some decent seasonals. Between January 11 and February 19 Cardinal Health has gained 11 times with an average return fo 4.23%. Is this now the time to back Cardinal Health?
Major Trade Risks:
The major trade risk here is that bad news impacts Cardinal Health or a very deep recession reduces US consumer spending power to a greater extent than expected.
Don’t just trade it, but Seasonax it!