Laboratory Corp of America Holdings (LH)

[aCryptoKing]

LH BUY ALERT: Recent $196.00 high. Gaped down on Coronavirus/Stock Market fears to $134.- AFTER LH announced Coronavirus testing kit March 5th. LH consistently does 500mm lab tests per year, $11B/yr in GR, is profitable, generates ~$1B in cash each year & usually price stable w/ 94% Institutional Ownership!


Chart: The stock normally corrects HARD UPWARDS after a break down into oversold (RSI below 30), as we are seeing now.

LH (COVID-19) Test & PR here:
https://www.labcorp.com/information-labcorp-about-coronavirus-disease-2019-covid-19


LabCorp (LH) mentioned SEVEN TIMES in this press conference:
https://thehill.com/video/administration/487431-watch-live-trump-holds-press-conference-on-coronavirus


Transcript:
https://www.rev.com/blog/transcripts/donald-trump-speech-transcript-declares-coronavirus-national-emergency




LH is global, in 100 countries, partnered with Walgreens, & now ALL OVER the news as TESTING for the virus (until ~18mos when a vaccine is expected).

NOTE: In the ~20min since POTUS Coronavirus "State of Emergency" speech urging TESTING, LH doubled in volume. From average (of ~800k) to close up from what NOW APPEARS to be a bottom. Stock is still down ~25% from near $200.00 levels despite being a MAJOR Coronavirus player, solution, & having no fundamental reason for a price correction.


We are NOT talking about the airline industry, travel, cruise-lines, restaurants, retail, or anything else that may temporarily be dead money, with uncertainty, & therefore grind to a HALT. LH is a SOLUTION to the Coronavirus pandemic & underpriced, undervalued, & had the market NOT closed on Friday ...or the televised POTUS "State of Emergency" occurred earlier, LH stock price might have broken UP THROUGH previous highs! Since in 20min prior to close, LH traded almost ALL the days' previous VOLUME in those 20min. Should we see that trend continue Monday into the week, LH will be a WINNER amongst a skittish stock market filled with near-term uncertainty. But NOT for this undervalued stock with a CENTRAL ROLE to play in this growing pandemic crisis.

I guess we'll see what happens Monday. But I'm calling the stock @ $150 (& off 25% from recent-highs for no real discernable reason) a STRONG BUY at these levels into next week.