HSBC snižuje hodnocení společnosti UnitedHealth Group (UNH) a zdůrazňuje rizika, která narušují její oživení. Společnost identifikuje tři kritické problémy: 1) Tlak na poměr lékařských ztrát (MLR) v roce 2025, kdy konsensuální odhady překračují předchozí prognózy a mohou se přenést i do roku 2026; 2) Podceňovaná politická rizika pro Optum Rx, včetně reforem PBM a modelů cenotvorby léků; a 3) Oprávněné snížení násobku v důsledku klesajícího ROE. HSBC tvrdí, že tato rizika převáží nad lákavým 30% historickým diskontem P/E.
The buy-and-hold strategy has once again demonstrated its viability in an unstable market. Despite trade tariffs, geopolitical risks, and investor doubts regarding the prospects of artificial intelligence, the S&P 500 index has increased by approximately 18% since the beginning of the year. This indicates that passive investors who maintained their positions achieved solid results without engaging in active trading.
Current trends confirm that holding stocks for the long term, particularly those purchased at the beginning of the year, remains an effective approach even amidst market turmoil. This scenario is especially appealing for investors focused on stability and minimizing emotional decision-making. Follow the link for more details.
Despite concerns surrounding the introduction of new tariffs and a slowdown in global trade, the US stock market has shown resilience. Since the April lows, the S&P 500 index has risen by approximately 43%, signaling a resurgence of investor interest and confirming the market's high liquidity.
The rise in prices demonstrates that even in the face of increased uncertainty, American stocks continue to attract capital. Investors have begun to ramp up their positions again, viewing corrections as opportunities for entry rather than reasons to exit the market. Current movements in the stock market present opportunities for trading stocks and indices, particularly through solutions offered by InstaForex. Follow the link for more details.
Experts anticipate that the US economy will grow by about 2% in 2026, potentially creating conditions for further increases in corporate profits. This scenario could support the continuation of the stock market rally, including the S&P 500 index.
Analysts believe that a more accommodative monetary policy from the Federal Reserve could serve as an additional supportive factor. Easing financial conditions typically favor stock assets and enhance investors' appetite for risk. Follow the link for more details.
From a technical analysis perspective, the S&P 500 index maintains a strong upward trend. Prices continue to move above key support levels, indicating the dominance of buyers in the market.
Analysts recommend focusing on buying towards the 7,000 and 7,100 levels. This market structure confirms the persistence of bullish momentum and potential for further growth. As a reminder, InstaForex offers opportunities for trading stocks, stock indices, and derivative instruments in a changing market environment. Follow the link for more details.
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