5 Safe Stocks To Invest In

In this article, we will be taking a look at 5 safe stocks to invest in. To read our detailed analysis of current recession concerns in the US and more, you can go directly to see the 13 Safe Stocks To Invest In.

5. UnitedHealth Group Inc. (NYSE:UNH)

Number of Hedge Fund Holders: 116

UnitedHealth Group Inc. (NYSE:UNH) is a diversified healthcare company offering health benefit plans, healthcare coverage, and other services. It is based in Minnetonka, Minnesota.

Bernstein analyst Lance Wilkes upgraded UnitedHealth Group Inc. (NYSE:UNH) shares from Market Perform to Outperform on July 18 while raising the firm’s price target on the stock from $595 to $603.

UnitedHealth Group Inc. (NYSE:UNH) was seen in the portfolios of 116 hedge funds in the first quarter, with a total stake value of $11.7 billion.

L1 Capital made the following comments about UnitedHealth Group Inc. (NYSE:UNH) in its second-quarter 2023 investor letter:

“Close observers of the Fund will note the increased exposure to healthcare, currently 13% of the portfolio. Healthcare is generally less macro-sensitive than some other sectors. In a reversal of market sentiment compared to 2022, the healthcare sector has been under modest pressure due to what we consider to be some short-term transitory issues, while technology, particularly anything to do with AI, has become the market’s dish du jour. We have been selectively increasing our investment in a few very high-quality healthcare businesses at prices we consider to be fair. UnitedHealth Group Incorporated (NYSE:UNH) is now a top 10 holding, and our investment thesis is outlined in this report.

We have previously written on our exposure to taxes through our investment in Intuit and its market leading TurboTax franchise (Intuit also owns the QuickBooks small business accounting franchise, Credit Karma and Mailchimp). UnitedHealth Group (UnitedHealth) is leading the charge to postpone the inevitable, while lowering overall healthcare system costs.

U.S. health spending has outpaced GDP growth for decades, with spending on healthcare increasing from around 12% of GDP in the 1980s to nearly 20% today, driven by advancements in healthcare capabilities and an ageing population with increased life expectancy…” (Click here to read the full text)