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 the 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 of 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.

HYCM clients can access the Seasonax product in order to analyse over 25,000 currency pairs, indices, commodities, as well as individual stocks. Please contact your account manager for a free trial. Certain products & services mentioned herein may or may not be available to all clients depending on which HYCM Capital Markets Group entity their trading account(s) adheres to.