UnitedHealth, Warren Buffett and UNH stock
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US stocks were mixed on Friday as Wall Street tempered its rate-cut hopes amid economic data this week that showed higher-than-expected wholesale inflation and a rise in July retail sales. A meeting between President Trump and Russian President Vladimir Putin was also in focus as traders looked for clues on how the outcome could steer markets.
Year to date, the stock has fallen by nearly 45%, which is by no means normal for the healthcare stock. In fact, this is the worst it has performed since the Great Recession, when it tumbled by more than 54% in 2008.
Despite some challenges to its business recently, UnitedHealth has held steadfastly to its dividend policy. It switched from an annual to a quarterly disbursement in 2010, and has raised it on a regular basis since then. Over that stretch of time, it has risen strongly from $0.03 to the present level.
Warren Buffett, Michael Burry and Andrew Left may not always agree on which stocks have good valuations. The three are all long UnitedHealth stock.
Berkshire Hathaway’s UnitedHealth Group Incorporated investment highlights confidence in healthcare. Click for why I am bullish on UNH stock prospects.
UnitedHealth Group ( UNH 12.04%) has been a solid dividend growth stock for years. Generally, its yield has been fairly low, due to the stock's rising value. Even as the healthcare insurance giant has grown its dividend, its yield hasn't been particularly high or noteworthy.
U.S. equities were mixed at midday following the release of the July retail sales report, which came in as expected.
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Investor's Business Daily on MSNStock Market Today: Dow Jones Rallies As UnitedHealth Surges On Warren Buffett Buy (Live Coverage)
Futures for the Dow Jones Industrial Average and other major stock indexes traded sharply mixed Friday as Wall Street reacted to the U.S. retail sales report. Meanwhile, UnitedHealth GroupUNH soared on the stock market today after famed investor Warren Buffett disclosed a new position.