I feel relieved that I stuck to my trading plan and cut my losses when $UnitedHealth(UNH)$
The news that UnitedHealth tumbled 5% in premarket trading after offering disappointing profit guidance and missing EPS forecasts in Q2 is concerning. The reported Q2 EPS of $4.08 fell short of analysts' expectations of $4.45, which explains the sharp decline. It is disappointing to see such a miss in a company of this stature.
On the positive side, the quarterly revenue rose to $111.62 billion, slightly above the consensus forecast of $111.59 billion. While this small uptick is encouraging, it does not seem to offset the impact of the earnings miss. I find it hard to view these earnings as a strong performance given the context.
Given the current bull and positive market conditions, I believe there are many better and stronger stocks to consider. UnitedHealth's plunge to potentially $250 again does not entice me to jump back in. I am more inclined to explore other opportunities that show more stability and growth potential at this moment.
I will stay away from buying the dip on UNH for now. The stock's current trajectory does not inspire confidence, and I prefer to wait for clearer signs of recovery. Rushing into a position without a solid foundation could lead to further disappointment.
My strategy moving forward is to only consider a new position in UNH when the stock begins to show a technical trend reversal. I rely heavily on technical indicators to guide my decisions, and I need to see evidence of renewed strength before re-entering the market with this stock.
For the time being, I am content to observe from the sidelines and monitor how the situation develops. The market offers plenty of options, and I am focused on finding stocks that align with my risk tolerance and investment goals. UnitedHealth's current challenges make it less appealing compared to other candidates.
In conclusion, while the dip might tempt some investors, I am committed to patience and discipline. I will revisit UNH only when the technical outlook improves, ensuring that any future move aligns with a well-defined and favorable trend.
As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.
@Tiger_comments @TigerStars @Tiger_Earnings
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Valerie Archibald·07-30TOP11 forward p/e and the market is all time high and becomes very expensive. Back to $282 by closing. The bottom is in.1Report
- Venus Reade·07-30TOPIt’s worth noting that all new CEO post lower guidance tactically so they can beat it going foward.1Report
- JimmyHua·07-30TOPImpressive insights and a great analysis!1Report
- Chungllq·07-30TOPIt's wise to stick to your plan amidst the chaos.1Report