UNH's capital positioning also remained strong in Q2, at $6.9B (1.3x net income), leaving ample flexibility to add physicians in Optum Health and maintain attractive shareholder returns via dividends and repurchases." "We think UNH enters the second half in a position of strength, with momentum in its shift to value-based care, especially with further integration of pharmacy-related services. "Encouragingly, UNH's medical care ratio edged down 50 basis points quarter-over-quarter to 81.5% as COVID-19 activity moderated and should support improved profitability over time," says CFRA Research analyst David Holt, who maintained a Strong Buy rating on the stock. In the second quarter, UNH reported earnings of $5.57 per share on revenue of $80.3 billion, beating analysts' consensus estimates for earnings of $5.20 per share on $79.7 billion in sales. UnitedHealth Group ( UNH (opens in new tab)) was the best Dow Jones stock today, jumping 5.4% after earnings.(Bitcoin trades 24 hours a day prices reported here are as of 4 p.m.) Bitcoin continued to bounce, gaining 2.6% to $21,138.36.Gold futures gave back 0.1% to finish at $1,703.60 an ounce.crude futures rose 1.9% to settle at $97.59 per barrel. The small-cap Russell 2000 soared 2.2% to 1,744.However, on a weekly basis, all three major benchmarks ended lower. 10 Defensive ETFs to Protect Your Portfolioįinancials (+3.4%) led the charge, as positive earnings reactions for Citigroup ( C (opens in new tab), +13.12%) and Wells Fargo ( WFC (opens in new tab), +6.2%) sparked a broad rally in bank stocks.Īt the close, the Dow Jones Industrial Average (+2.2% at 31,288), S&P 500 Index (+1.9 at 3,863) and Nasdaq Composite (+1.8% at 11,452) were all higher.
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