Blue Chip Stock to Buy #1 – AmerisourceBergen Corp.
AmerisourceBergen Corp. (NYSE: ABC) is a Pennsylvania-based company that acts as an intermediary between pharmaceutical companies and health care providers such as hospitals and drugstores that dispense drugs. The company operates mostly in Canada and the United States, distributing both prescription and over-the-counter drugs, as well as some medical supplies.
This recession-proof business hasn’t missed a beat in the last year and has recently gained even more momentum due to health care reform measures that would broaden drug coverage. ABC has grown its earnings for each of the last four consecutive quarters and has topped Wall Street expectations in each of those periods by an average of almost 12%. That’s fundamental strength unmatched by other health care blue chips.
- Poll of the Day