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MARKETS LIVE BLOG:

STOCK FUTURES CLIMB AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Is UnitedHealth Group (UNH) Outperforming Other Medical Stocks This Year?

Zacks Equity Research

Investors focused on the Medical space have likely heard of UnitedHealth Group (UNH), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of UNH and the rest of the Medical group's stocks.

UnitedHealth Group is one of 841 companies in the Medical group. The Medical group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. UNH is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for UNH's full-year earnings has moved 0.11% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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According to our latest data, UNH has moved about 4.95% on a year-to-date basis. Meanwhile, stocks in the Medical group have gained about 3.21% on average. This shows that UnitedHealth Group is outperforming its peers so far this year.

To break things down more, UNH belongs to the Medical - HMOs industry, a group that includes 11 individual companies and currently sits at #65 in the Zacks Industry Rank. Stocks in this group have gained about 4.46% so far this year, so UNH is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Medical stocks should continue to pay close attention to UNH as it looks to continue its solid performance.


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