5 Stocks That Will Always Grow

In this article, we will take a look at the 5 stocks that will always grow. To see more such companies, go directly to 12 Stocks That Will Always Grow.

5. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 111

UnitedHealth Group Incorporated (NYSE:UNH) has become a giant in the healthcare and insurance sector in the US. Over the past few years, UnitedHealth Group Incorporated (NYSE:UNH) has bought several smaller players and increased its dominance in the sector. UnitedHealth Group Incorporated (NYSE:UNH) has the biggest chunk of the health insurance market in the US.

In May 2023 Ana Gupte, principal at AG Health Advisors., said, according to CNBC, that if they were to pick “one stock, only one stock to buy, I’d buy UnitedHealth.”

The analyst also noted that UnitedHealth Group Incorporated (NYSE:UNH) has become “immune” to economic cycles due to its diverse business model.

 “It makes it very attractive from an economic cycle and a macro environment perspective,” Gupte added.

UnitedHealth Group Incorporated (NYSE:UNH) is also a strong dividend-paying stock.

As of the end of the second quarter of 2023, 111 hedge funds tracked by Insider Monkey were long UnitedHealth Group Incorporated (NYSE:UNH).

Mairs & Power Growth Fund made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its second quarter 2023 investor letter:

“Notable detractors to performance in the first half were US Bank (USB), Charles Schwab (SCHW), and UnitedHealth Group Incorporated (NYSE:UNH), which were down 22.09%, 31.65%, and 8.65%, respectively. Another detractor from relative performance was UnitedHealth Group, which was down 8.65%. However, we have a positive long-term view of the company, headquartered in Minnesota, and especially its potential when it comes to harnessing its vast amounts of patient data via AI. Additionally, its Optum unit, which provides technology and data-driven care delivery, has AI-enabled tools that can help healthcare providers drive more efficient and accurate care to patients.”