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For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. UnitedHealth Group (UNH) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of UNH and the rest of the Medical group's stocks.
UnitedHealth Group is one of 1051 individual stocks in the Medical sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. UNH is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for UNH's full-year earnings has moved 2.42% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, UNH has moved about 14.19% on a year-to-date basis. Meanwhile, stocks in the Medical group have gained about 2.75% on average. As we can see, UnitedHealth Group is performing better than its sector in the calendar year.
Looking more specifically, UNH belongs to the Medical - HMOs industry, which includes 10 individual stocks and currently sits at #44 in the Zacks Industry Rank. On average, stocks in this group have gained 15.54% this year, meaning that UNH is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Medical stocks should continue to pay close attention to UNH as it looks to continue its solid performance.
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