Published on 25 May 2024 on Insider Monkey via Yahoo Finance
Is UnitedHealth Group Incorporated (NYSE:UNH) the Best Dow Stock to Buy?
We recently identified the best dow stocks according to hedge funds. UnitedHealth Group Incorporated (NYSE:UNH) is one of the two healthcare stocks on our list. To check the other healthcare stock on our list, go to 8 Best Dow Stocks to Buy According to Hedge Funds.
On May 17, the Dow Jones Industrial Average (^DJI) closed out at record highs, crossing the 40,000 milestone for the first time ever. However, this was a little shortlived as the index is down nearly 2.35% since that day, as of May 23. While the index seems to be underperforming the S&P 500 and NASDAQ, it doesn’t fully cover the market conditions like the latter two. Nevertheless, the S&P 500 and NASDAQ’s performance is mostly dominated by mega-cap tech stocks, especially NVIDIA Corporation (NASDAQ:NVDA), which isn’t a part of the Dow Jones index.
Dow Bucks Trend, Falls Despite NVIDIA's Upbeat News