Dow stock $UNH has lost $34 billion in market cap in the last week, but it could be a buy, one investor says (via TradingNation)
div > div.group > p:first-child"> Shares of the health insurance provider have lost nearly 12% in the last week, or roughly $34 billion in market cap. The weakness continued Tuesday after UnitedHealth reported earnings, with the stock shedding as much as 6% at the lows of the day.
But"the stock I think we should be focusing on today is UnitedHealth," he said."They beat earnings, they raised 2019 earnings, they had excellent cost management of their medical losses, but the stock is selling off big-time due to political noise." "Now, one thing I know is that politicians … have consistently for years attacked health-care costs and the health-care system," Binger said."And I also know that nothing gets done and it keeps going. So, today, I would take advantage of this. I would buy UnitedHealthcare. You've got a very cheap company that's growing revenue [by] high-single digits and earnings that are growing [in the] mid-teens. So I would own it today.
He does like the stock of Johnson & Johnson, however, noting that it's managed to hold above its trend line from 2016.
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