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INX:UNH, Jul 13, 08:48 UTC

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Wednesday, April 01


News

UnitedHealth Group Leads Meal-Prep Effort for Twin Cities Residents in Need

UNH CPG

Thousands of Twin Cities families will have access to free and healthy food, as UnitedHealth Group (NYSE: UNH) leads an effort to create and provide 21,000 meals each week, for the next eight-plus weeks. Within days, employees of Compass Group began assembling meals at UnitedHealth Group’s Optum headquarters in Eden Prairie, Minn. "During this unprecedented public health emergency, getting a healthy meal will increasingly become a core need for many Minnesotans," said Brett Edelson, CEO, UnitedHealthcare of Minnesota. Second Harvest Heartland, a partner in this effort, through its newly created Minnesota Central Kitchen initiative, says three out of every four people they serve are working families, and that they are seeing a dramatic spike in need. UnitedHealth Group, which is covering the approximately $1 million cost of the food and wages for the Compass Group employees, expects the effort to continue for at least eight weeks.

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  • Business
  • Health
  • Financial
  • Science

Monday, March 30


News

eBay, Cinemark, Teladoc, UnitedHealth and Humana as Zacks Bull and Bear of the Day

HUM UNH +1 more HUM UNH EBAY

Chicago, IL – March 30, 2020 – Zacks Equity Research highlights eBay EBAY as the Bull of the Day and Cinemark Holdings CNK as the Bear of the Day. Thanks to a fundamentally sound business idea and huge customer traffic, eBay survived the bursting of the tech bubble that took out thousands of would be e-commerce competitors. While eBay was once primarily a marketplace for individuals to exchange personally owned goods in an auction format – the collectible plush toys, “Beanie Babies” were the most traded product traded on eBay by a wide margin in the early days – the company innovated constantly, attracting businesses to the platform and adding payment processor PayPal in 2002 to facilitate transactions. Fast forward to 2020 and eBay has become so ubiquitous in the e-commerce world that it’s often overlooked as an investment, even though millions of people and businesses still use the platform every day to trade goods. In a world in which opportunities for traditional retail shopping are largely unavailable and many items are in short supply because of supply chain disruptions and hoarding, the eBay platform is an especially important piece of the economic puzzle as a relatively low-friction way for people to agree on prices and exchange the products they want and need. Even prior to the widespread outbreak of Covid-19 in the US, earnings estimates for eBay in 2020 were on the rise, with 11 upward revisions in the past 60 days taking the Zacks Consensus Estimate from $2.88/share to $3.07/share and earning eBay a Zacks Rank #1 (Strong Buy).

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News

UnitedHealth Offers Relief to Clients in Houston Amid Crisis

UNH

UnitedHealth Group Inc. UNH expanded its contract with Houston Methodist Hospital, which offers healthcare facilities and is equipped with 3,091 local licensed beds. Earlier, owing to some disputes, UnitedHealth and Methodist could not reach an agreement. As a result, UnitedHealthcare’s members could no longer access Methodist’s hospitals and healthcare facilities from the beginning of this year. But the members were expected to have access to Methodist’s doctors until Mar 31. Since both parties have now decided to expand the contract until May 31, keeping the present emergency in view, UnitedHealthcare’s members will continue to have access to only the doctors of Methodist and not the hospitals. We believe that such actions undertaken by the company during the crisis are likely to boost its healthcare revenues going forward. However, shares of this Zacks Rank #2 (Buy) company have lost 1.2% in a year against the industry’s rise of 0.1%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Similarly, one of UnitedHealth’s industry peers, Cigna Corporation CI, has expanded its deal with Memorial Hermann Health System for offering superior quality care to its members in Houston and thereby battling the dismal effects of the coronavirus outbreak. Some other companies in the same space are undertaking several measures to fight the COVID-19 outbreak.

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  • Business
  • Health
  • Financial

Thursday, March 26


News

The Zacks Analyst Blog Highlights: American Express, McDonald's, Walt Disney, UnitedHealth Group and International Business Machines

DIS IBM +2 more DIS IBM UNH AXP

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Investor appetite for risk seems to have improved as evident from aggressive buying of stocks on Mar 24, which helped the Dow notch it’s biggest one-day jump since 1933. Notably, it’s just not the blue-chip index that rebounded yesterday, the broader S&P 500 bounced back too from its lowest level since 2016 to notch its biggest one-day gain since October 2008. Notable among them are American Express Co., McDonald's Corp., The Walt Disney Co., UnitedHealth Group Inc. and International Business Machines Corp., whose shares gained 21.9%, 18.1%, 14.4%, 12.8% and 11.3%, respectively, on Mar 24.

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  • Financial

Thursday, March 19


News

The Zacks Analyst Blog Highlights: UnitedHealth, Sanofi, United Parcel Service, Caterpillar and Activision Blizzard

CAT SAN +2 more CAT SAN UNH UPS

Chicago, IL – March 19, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: UnitedHealth Group UNH, Sanofi SNY, United Parcel Service UPS, Caterpillar CAT and Activision Blizzard ATVI. The Zacks analyst believes that the company’s revenues should continue to grow driven by its strong market position and attractive core business that continues to be driven by new deals, renewed agreements and expansion of service offerings.

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  • Business
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Wednesday, March 18


News

Top Stock Reports for UnitedHealth, Sanofi & United Parcel

SAN UNH +1 more SAN UNH UPS

Today's Research Daily features new research reports on 16 major stocks, including UnitedHealth Group (UNH), Sanofi (SNY) and United Parcel Service (UPS). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. The Zacks analyst believes that the company’s revenues should continue to grow driven by its strong market position and attractive core business that continues to be driven by new deals, renewed agreements and expansion of service offerings. United Parcel’s shares have lost -18.4% over the past three months against the Zacks Transportation - Air Freight and Cargo industry’s fall of -23.2%.

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Friday, March 13


News

The Zacks Analyst Blog Highlights: UnitedHealth, Pacira, Turning Point, Coca-Cola and Sempra

UNH KO +1 more UNH KO SRE

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. This time, it just took 19 trading days for the 30-stock average to enter bear market, while in November 1931, when the Great Depression was evolving, the index took a brisk 15 days to pullback at least 20%. Several companies have already raised alarm bells about the outbreak weighing on their earnings, and supply chains getting disrupted. And it will certainly lead to both a demand and a supply shock for the global economy, as it mostly erupted in China. After all, they are cyclical stocks and do well when the economy is in a sound condition. But when the market is tanking and the economy is feared to enter a recession, it pays to switch to defensive sectors like healthcare, consumer staples and utilities.

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Wednesday, March 04


News

PreMarket Prep Stock Of The Day: UnitedHealth Group

UNH

On any given day, the show will cover at least 20 stocks determined by co-hosts Joel Elconin and Dennis Dick along with producer Spencer Israel. For those who don't have the time to tune in live or listen to the podcast, Benzinga will highlight one stock that merits further discussion. Is it a short-term news driven catalyst that only has a short-term impact or is it a long-term fundamental catalyst that may have long-term implications? With the upcoming election getting into full swing with the results of Super Tuesday being a major victory for Joe Biden, it was also a major victory for health care stocks. Co-host Dennis Dick desired to short the issue and was hoping the issue filled the void in price action from Feb. 21, when it bottomed the previous day at $298.61 and peaked the following day at $288.99.

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  • Business
  • Financial

Thursday, February 27


News

AM Best Assigns Indicative Issue Credit Ratings to UnitedHealth Group Incorporated’s New Shelf Registration

UNH

AM Best has assigned indicative Long-Term Issue Credit Ratings of "a-" to senior unsecured issues, "bbb+" to subordinated issues and "bbb" to preferred stock to the recently filed shelf registration of UnitedHealth Group Incorporated (UnitedHealth Group) (Minnetonka, MN) (NYSE:UNH). The existing ratings of UnitedHealth Group and its insurance subsidiaries are unchanged. Furthermore, its acquisition of specialty pharmacy manager, Diplomat Pharmacy, Inc., closed on Feb. 10, 2020. However, the company continues to report strong and growing earnings, and its unregulated cash flow from its Optum operations are material. As a result, AM Best expects that there will no material change in financial leverage for the organization. This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

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Topics:
  • Business
  • Financial

Tuesday, February 25


News

Will UnitedHealth Stock Witness Volatility til the Elections?

UNH

Share of UnitedHealth Group Inc. UNH, the largest health insurer in the United States, witnessed its worst sell off since Aug 8, 2011, on the outcome of Bernie Sanders winning the Nevada caucus. The proposal seeks to eliminate private health insurance and replace it with a universal Medicare plan on premise that the same would reduce administrative inefficiencies and control costs in the health-care system. UnitedHealth Group earlier said that the “Medicare for All” 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.”. With nearly 10,000 baby boomers aging daily into medicare, this business provides scope for significant expansion. For 2020, the company expects revenues from Medicare in the range of $92.5 billion to $93.5 billion and membership growth of nearly 700,000 more people in 2020.

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Topics:
  • Business
  • Health
  • Financial