Health care stocks showed two different stories on Tuesday. UnitedHealth (UNH) plunged while Johnson & Johnson gained after releasing earnings. Despite lower guidance and uncertain Medicare Advantage prospects for UnitedHealth, Austin Graff expects the stock to outperform "regardless of who's in the White House." As for Johnson & Johnson, he says it needs to ensure future success by resolving ongoing litigation and focusing on lagging parts of is business.
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15 Oct 2024
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