218.50 +1.66 (0.77%)
Pre-Market: 8:22AM EDT
|Bid||217.50 x 1000|
|Ask||218.46 x 3200|
|Day's Range||208.07 - 224.24|
|52 Week Range||208.07 - 287.94|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||17.79|
|Earnings Date||Apr 15, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||3.60 (1.46%)|
|1y Target Est||299.96|
Is UnitedHealth Group an Attractive Buy after Its Q1 Results?(Continued from Prior Part)UnitedHealthcare’s Commercial businessUnitedHealthcare’s Employer and Individual business reported revenues of $14.08 billion in the first quarter—a rise
Is UnitedHealth Group an Attractive Buy after Its Q1 Results?(Continued from Prior Part)UnitedHealthcare’s Medicaid businessUnitedHealthcare’s Community and State business reported revenues of $11.18 billion in the first quarter—a rise of
The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing lower on Wall Street Wednesday as losses by health care companies outweigh gains elsewhere in the market. ...
The catalyst for the rout was health-insurance giant UnitedHealth Group Inc., which used its earnings call to engage with the biggest threat to the status-quo out there: Vermont Senator Bernie Sanders’s proposal to eliminate private insurance in favor of government-run universal coverage. On the Tuesday call, UnitedHealth CEO David Wichmann said such Medicare-for-All proposals would create a “wholesale disruption of American health care,” as he called instead for changes within the existing system.
Is UnitedHealth Group an Attractive Buy after Its Q1 Results?(Continued from Prior Part)UnitedHealthcare’s Medicare and Retirement business UnitedHealthcare’s Medicare and Retirement business reported revenues of $21.10 billion in the first
The slide began in earnest on Tuesday when UnitedHealth Group Inc. -- treated by investors as a bellwether for the insurance sector -- waded into the debate over “Medicare for All,” which would expand government-administered coverage to most of the population and rewrite the businesses of U.S. health insurers, hospitals and doctors. The Tuesday losses capped the worst five-day stretch since 2011 for health insurers, despite UnitedHealth reporting earnings that beat analysts’ estimates and raising its 2019 forecast. The slide in hospital and insurance stocks continued Wednesday, wiping out billions of dollars more in market value from some of the biggest health companies in the U.S. UnitedHealth fell 3.2 percent at 2:20 p.m. in New York.
Plunging healthcare stocks dragged Wall Street lower on Wednesday, offsetting a spate of upbeat corporate earnings and encouraging economic data from the United States and China. All three major U.S. stock indexes were down, but the S&P 500 slipped to more than a percent below its record high reached in September.
Is UnitedHealth Group an Attractive Buy after Its Q1 Results?Share price movements On April 16, UnitedHealth Group (UNH) closed at $220.96, which was 4.01% lower than its previous closing price, 0.09% higher than its 52-week low of $220.77, and
UnitedHealth Group reported robust first-quarter 2019 results. The company breezed past the Zacks Consensus Estimate on both earnings and revenues and raised its full-year forecast.
The stock is down 13.3% so far this month, on track for its biggest one-month decline since February 2009 when it fell 30.64%. Jitters from investors over drug pricing reform and "Medicare for All" proposals are weighing on the stock. UnitedHealth Group UNH shares fell for a second straight day Wednesday, weighed down by concerns over possible changes to the U.S. health-care system, including creating a government-run system to provide health insurance for all Americans.
There are some very interesting cross-currents in the market Wednesday morning in reaction to various news events. In addition to the reversal in the indices, there is a bloodbath of selling in medical-related names, including biotechnology, and severe pressure on the cloud-related stocks that have been momentum favorites. The pressure on medical and biotechnology appears to be primarily a function of concern about "Medicare for All." This is a hot topic in the early political campaigns.
Health care stocks have been in a strong uptrend, but closes below several key trendlines suggest that this could change.
10:19 a.m. The Dow Jones Industrial Average erased early gains—and it is all the fault of (IBM) (IBM) and (UNH) (UNH). The Dow Jones Industrial Average has dropped 46.48 points, or 0.2%, to 26,4016.18, while the S&P 500 has fallen 0.1% to 2903.94, so it’s not like the rest of the market is particularly strong. The price-weighted Dow, however, would be up if it weren’t for two stocks: IBM and UnitedHealth.
Health-care stocks continued to fall on Wednesday morning, led by Anthem Inc. , Cigna Corp. and UnitedHealth Group Inc. The Health Care Select Sector SPDR Fund was down 1.5% in early intraday trade. Companies in the managed care and health services sectors are facing "temporary downside risk," thanks to the Medicare-for-all debate, analysts at J.P. Morgan wrote in a note to clients Tuesday. UnitedHealth reported earnings on Tuesday that beat expectations, but shares still fell, a possible indication of investors' anxiety over U.S. Sen. Bernie Sanders' latest Medicare-for-all proposal. The Health Care Select Sector SPDR Fund has been lagging the market in recent months, gaining 1.2% in the year to date. The S&P 500 has gained 16% and the Dow Jones Industrial Average has gained 13.4%.
Investing.com - UnitedHealth Group fell deeper into the red Wednesday as analysts turned bearish on the stock in the wake of its CEO's warning on political risk.
U.S. stock futures are climbing in early morning trading.Source: Shutterstock Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.19%, and S&P 500 futures are higher by 0.27%. Nasdaq-100 futures have added 0.52%.With record highs a stone's throw away, bullish option flows continue to suggest a retest is on the horizon. In the options pits, call activity surged yesterday, pushing overall volume back above average readings. Specifically, about 20.2 million calls and 14.8 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, the action at the CBOE mirrored that of the previous day with the single-session equity put/call volume holding steady at 0.58. The 10-day moving average remains at 0.59.Options traders flocked to the following three stocks: Proctor & Gamble (NYSE:PG), UnitedHealth Group (NYSE:UNH) and Qualcomm (NASDAQ:QCOM).Let's dig into the details: Proctor & Gamble (PG)The drumbeat of new highs continued for Proctor & Gamble on Tuesday. With the day's gains, the consumer staples stock pushed its year-to-date gains to 15.9%. Chart watchers continue to salivate over the consistency of its uptrend. The series of higher highs and lows has been relentless in 2019, and all major moving averages are rising beneath. * 10 S&P 500 Stocks to Weather the Earnings Storm Despite the substantial rise, PG stock still boasts a meaty dividend at 2.82%, and it is the allure of cash flow that landed the company atop yesterday's leaderboard. Traders harnessed the power of call options for short-term control of PG stock ahead of Wednesday's ex-dividend date. Its next quarterly dividend payment of 74.6 cents will be paid to shareholders.As is usually the case ahead of dividend dates, options traders went cuckoo for call options.On the options trading front, traders came after calls with a vengeance. Activity exploded to 1,232% of the average daily volume, with 204,899 total contracts traded; 85% of the trading came from call options alone.Implied volatility drifted sideways on the session at 20%, which places it at the 40th percentile of its one-year range. Premiums are baking in daily moves of $1.37 or 1.3%. UnitedHealth Group (UNH)Traders played whack-a-mole with UNH stock after the healthcare company reported first-quarter earnings that surpassed expectations. UnitedHealth raked in $3.60 of earnings-per-share on revenue of $60.31 billion. Both metrics topped analyst forecasts.And yet, the early morning gains melted as the recent proposals for "Medicare-for-all" by some Democrats running for president took root. Here's the money quote from CEO David Wichmann during the company's conference call: "The wholesale disruption of American health care would surely jeopardize the relationship people have with their doctors, destabilize the nation's health system, and limit the ability of clinicians to practice medicine at their best."UNH stock ended down 4.12% on the session, falling to a new 52-week low.On the options trading front, calls ruled the roost despite the early-morning rug pull. Activity grew to 881% of the average daily volume, with 160,336 total contracts traded. Calls claimed 65% of the total.The typical "volatility crush" in implied volatility following earnings was held at bay by the high uncertainty that came out of the conference call. Implied volatility remains sky high at 34% or the 73rd percentile of its one-year range. Traders continue to expect daily moves of $4.69 or 2.1%. Qualcomm (QCOM)An unexpected settlement to Qualcomm's multi-year legal battle with Apple (NASDAQ:AAPL) was announced yesterday, and the chipmaker is zooming to the moon. When the news hit the wires, QCOM stock rocketed 20% higher. The buying has continued unabated in after-hours trading, and QCOM is up another 12%. That means it will open at a new four-and-a-half year high. * 7 Stocks to Buy for Spring Season Growth The only resistance level that remains between Qualcomm and new record highs is the 2014 peak of $81.97. And with the rapid repricing going on over the past 24 hours, the stock could get there in a hurry.As you might expect, calls dominated the day by a large margin. Total activity climbed to 492% of the average daily volume, with 361,393 contracts traded; 80% of the day's take fell on the call side of the ledger.Implied volatility dropped to 34% placing it at the 56th percentile of its one-year range. Premiums are pricing in daily moves of $1.52 or 2.2%As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Wednesday's Vital Data: Proctor & Gamble, UnitedHealth Group and Qualcomm appeared first on InvestorPlace.
Although the healthcare sector of the S&P 500 is still higher by a little more than 3% for the year, year-to-date it is the worst performing sector of the index. Within this space, shares of health insurance companies such as UnitedHealth (NYSE:UNH) have fared worse than the average stock in the sector but are now reaching record-setting oversold readings. As such, active traders and investors could look for a counter-trend trade setup in UNH stock.Source: Shutterstock A cornerstone of my market analysis approach is closely monitoring sector and group rotation. After all, money is always looking to find the best place to be, meaning the sector and group rotation within the stock market never stops. This also means that from a market participant's perspective, playing sector and group rotation is one of the very few strategies that stands a good chance of being profitable in bull, bear or sideways markets.Before looking at the charts it is important to highlight that the healthcare sector as per my Market Rover dashboard tool is currently both short- and medium-term bearish, yet it remains bullish in the longer term. In that vein, the bullish trade idea we are looking at today is a so-called "counter-trend" trade … and it's not one that I'm looking to overstay my welcome in for the time being.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm For some perspective let's note that over the course of the past four months UNH stock has worked its way from the very upper-end of its longer-standing up-trend to the very lower end. While this price action looks ugly from a bull's perspective, it is also notable that the stock is now at record oversold levels from a momentum perspective, as noted by the weekly MACD indicator at the bottom of the chart. UNH Stock Charts Click to EnlargeMoving averages legend: red - 200 week, blue - 100 week, yellow - 50 weekOn the daily chart, we see that UNH stock found notable resistance at a confluence of its medium-term moving averages in March. Although the stock fell to fresh YTD lows this week on the back of concerns around "free healthcare for everyone" headlines, from a momentum perspective it has so far failed to make new lows, giving us so-called "positive divergence" from its price. Click to EnlargeMoving averages legend: red - 200 day, blue - 100 day, yellow - 50 dayOn Tuesday, April 16 UnitedHealth stock gave initial signals of seller exhaustion, but it has yet to complete a real bullish reversal. The daily candlesticks will make an actionable bullish reversal more than clear, particularly if and when the stock gives us its next notable seller exhaustion and green, up day.Speaking of candlesticks, on Thursday, April 18, I am holding a special webinar to showcase the highest probability candlestick pattern that I know and practice. Click here to register.Active investors and traders could look to buy some UNH stock here around the $220 - $225 area with the next upside target at $250 and a stop loss at $205.Attend Serge Berger's special webinar: The highest probability candlestick pattern, period. Click here to register. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Trade of the Day: UnitedHealth Stock Is Primed for a Counter-Trend Trade appeared first on InvestorPlace.
Another day of lethargy and uncertainty, with the S&P 500 essentially breaking even on Tuesday. Volume wasn't wild, but it was above the recent average, suggesting some traders are sneaking out of trades while things are quiet.Source: Allan Ajifo via Wikimedia (Modified)There were still major movers though. Netflix (NASDAQ:NFLX) was one of them, up a little more than 3% headed into its earnings report. Last quarter's results were good, but its outlook was lackluster. However, NFLX stock held onto most of its regular-hours gains during the after-hours session.At the other end of the spectrum, Tenet Healthcare (NYSE:THC) led a herd of healthcare plan stocks lower, giving up more than 11% of its value on a combination of profit-taking and worries about the future of healthcare with either party in the White House.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm Neither are compelling prospects headed into today's session though. Rather, it's the stock charts of Western Digital (NASDAQ:WDC), UnitedHealth Group (NYSE:UNH) and Bank of America (NYSE:BAC) that merit the closest looks. Here's what to look for. Bank of America (BAC)Bank of America is a name we've taken several looks at in recent weeks, as it continues to chip away at a technical ceiling. As of our last look on the last day of February, it hadn't happened yet, but BAC was once again close to clearing resistance at $29.75.That's happened in the meantime, but BofA isn't over its final hump just yet. The shape of Tuesday's bar, however, is subtly bullish in that it implies the bears can't keep BAC stock down, and the bulls are willing to buy en masse on big dips. Click to Enlarge * Notice on the daily chart how yesterday's open fairly deep in the red was almost entirely wiped away by the day's end. * Also notice on the daily chart that the bulls poured in on Friday and Tuesday. While no major progress was made, the market tipped its hand. * The key, of course, is still clearing the new technical ceiling at $30.17, where BAC stock has peaked twice since mid-March. UnitedHealth Group (UNH)UnitedHealth Group might ring a bell. We've warned several times that the stock was rocking its way into trouble, and the resistance found at key moving average lines late last month only exacerbated the risks.The worst-case scenario has been realized in the meantime. That is, the last bastion of technical support has been obliterated … and in the worst way possible. The shape of Tuesday's bar opens the door to the possibility of a rebound, but if that effort crumbles, there's little left that will be able to prop UNH stock up. * 10 Dividend Growth Stocks You Can't Miss Click to Enlarge * On Friday, UnitedHealth shares fell under what would have ideally been a floor that tagged the December and March lows. It looked like the bulls would draw a line in the sand there, but they clearly didn't. * Yesterday was a bearish day, albeit not the worst kind. The worst kind would have happened after a prolonged rally. * The volume spike that accompanied yesterday's setback often indicates a capitulation, where the last of the sellers are flushed out and the first of the bargain hunters flood in. It could take a few days to determine if that's the way things are going to pan out though. Getting back above that technical floor will be the key. Western Digital (WDC)In late February, we pointed out Western Digital shares were acting like they were in recovery mode. Although the effort may have only been to close a gap, that action had the potential to put a bigger recovery move into place.That's exactly how things have taken shape in the meantime. While the bulls and the bears have continued to grapple even after closing the gap, yesterday's big gain may have dealt a decisive blow to the bearish pressure. It also pushed WDC stock above a key technical hurdle. Click to Enlarge * Although the gap has been closed, the rally didn't follow through straight-away. But, the slide back to the 50-day moving average line (highlighted) and push up and off of it may actually lay the better foundation. * The big win on Tuesday was the break above the white 200-day moving average line at $53.16. This is the first time Western Digital has been above it since the middle of 2018. * Zooming out to the weekly chart, it's easy to see WDC stock is no stranger to major moves once the 200-day moving average line is crossed.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 3 Big Stock Charts for Wednesday: Western Digital, UnitedHealth Group and Bank of America appeared first on InvestorPlace.
Shares of health-care giant UnitedHealth have dropped considerably in the last week, but one market watcher advises betting on the dip.