• Investing Insights & Exclusive Offers → Get Our FREE “Market Brief”
    Sign-up for our free weekly newsletter. Get unparalleled investing insights and exclusive Summer Sale discounts on Hedgeye research.

    Disclaimer: By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. Use of Hedgeye and any other products available through hedgeye.com are subject to our Terms Of Service and Privacy Policy

Anthem (ANTM) recently jumped to the top of Hedgeye Healthcare analyst Tom Tobin’s list of longs, with some pretty interesting numbers to the upside. 

According to Tobin, conservative models suggest a possible double for the healthcare stock.

That stands in stark contrast to some of Anthem’s rivals. Tobin says a pair trade with UnitedHealth Group (UNH) could be a great way to play the sector in the longer term.

"We’re short UNH and Anthem is the perfect offset, because for all the reasons we’re short UNH, they’re going to play positively for somebody like Anthem, with the additional benefit to being highly levered to the government,” Tobin explains in the clip above.

Watch the full clip for more.

Why Anthem Shares May Double - investing ideas