Everyone is interested, is Merck ($MRK) at a Good Buy Level? 💊
If someone is looking for a healthcare stock just before a potential recession, maybe Merck is a good option.
The stock dropped sharply after earnings and closed the gap. It is also near another support level, as indicated by the dotted line in the screenshot.
The company pays a dividend of over 2.7% and is currently trading with a P/E ratio of 20, which is a reasonable valuation for a stock with an operating margin of 27% and an almost 20% return on investment. Check it out here
Anyway, this is not financial advice. We're buyer at this level because we were waiting for it to drop long enough, and if it drops further, our next buy level is between 100 and 90.
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