Now May Be the Time to Buy CVS, Says Expert

Here's why one expert says CVS is the right addition to your portfolio.
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Looking for a solid addition to your equity portfolio?

Consider CVS (CVS) - Get Report , says Sylvia Jablonski, managing director, capital markets-institutional strategist, at  Direxion

With its almost 10,000 retail locations and more than 1,100 walk-in medical clinics, she likes the company's position and cash flow.

"There has been a lot of great M&A in that space too," says Jablonski, who points to the company's 68 billion purchase of healthcare giant Aetna Inc. (AET)  that is expected to close during the third quarter or fourth quarter. When completed, CVS will combine with the third-largest health insurer, which has 22 million customers.

In addition , she likes that the company is rolling out a new virtual health care offering for patients with minor illnesses and injuries, skin conditions and other wellness needs.

The stock has been hovering around $70 and analysts are projecting it to hit $80 to $90.

Watch the video above for more.