Why Are Investors Piling Into These Five Stocks?

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CVS Health Corp (NYSE:CVS) continues to expand as the company announced that it will add Target Corporation (NYSE:TGT)’s 1,672 pharmacies to its portfolio for around $1.9 billion. Having more pharmacies will help CVS realize more bargaining power over its suppliers. In addition, CVS Health Corp (NYSE:CVS) raised the midpoint of its 2016 outlook to $5.73-$5.88 in EPS and announced a 21% dividend increase for 2016 to $1.70 per share annually. The company also expects to complete $4 billion in share repurchases. Shares of the company are up 2.06% in morning trading so far.

Shares of Amgen, Inc. (NASDAQ:AMGN) are trading 0.6% higher as investors become more optimistic on the company’s future. Amgen, Inc. (NASDAQ:AMGN) hiked its quarterly dividend by 27% earlier in the week to $1 a share, giving the stock a forward yield of over 2%. Shares of the biotech company are now up 5% year-to-date and still trade at a modest forward P/E of 15.25. A total of 73 funds among those we track owned the stock at the end of the third quarter, including Dan Loeb’s Third Point.

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