Drugstore stocks aren't exactly sexy, but there's a lot to love about CVS(CVS).
Shares of CVS and rival drugstore chain Walgreens(WAG) have rallied as investors bet that increased access to health insurance under Obamacare will lead to more demand for prescription drugs.
But CVS is also a major pharmacy benefit manager, meaning it helps the insurance industry process prescriptions. It has been setting up in-store clinics in some of its 7,600 stores, a move designed to meet growing demand for primary health care.
In addition, CVS is looking to boost sales by revamping the front end of its stores to look more like a mini-supermarket.