Health Care Heading For Gains?


Healthcare Text Screenshot Near Green Fern LeafImage Source: Pexels
United Healthcare Group (UNH) is an American multinational company that manages both healthcare and insurance. As well as providing well-needed healthcare products and services the United Health Group is an extremely profitable company. The company is ranked 10th on the 2023 Fortune global 500 and has a market capitalisation of over $470 billion.Furthermore, the seasonals for United Health Group are very strong at this time of the year. From November 6 through to the 29th of December the stock has gained on average 5.55%. The maximum gain has been over 15% and the maximum loss has been just over 5%. So does this make United Healthcare Group a buy on dips heading into the end of the year now the Fed may have indicated the peak in their rates?Major Trade Risks: The major trade risks here is if inflation remains sticky, the US economy stays strong, and the Fed has to hike rates even higher.Video Length: 00:02:14More By This Author:Oil Bulls To Fight Bearish Seasonal Signal
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