I. Conservative Recommendation
UnitedHealth Group (UNH)
UnitedHealth Group is a current recommendation in my weekly trading service, Alpha Algorithm.
The company announced the acquisition of Advisory Board Co.’s health care analytics, research and consulting operations for $1.3 billion.
On the one hand, this is small beans for UnitedHealth, which has a market cap of $190 billion.
On the other, it fits with the company’s M&A modus operandi. UnitedHealth now accounts for more than 70% of the successful deals undertaken by North American managed-care providers in the past five years.
UnitedHealth Group is also currently a 100% “buy” based on all short-, medium- and long-term technical indicators I use.
II. Aggressive Recommendation
Raytheon Company (RTN)
Raytheon is a recommendation in my weekly trading service, Momentum Trader Alert.
Defense stocks across the board rose yesterday after North Korea fired an unidentified ballistic missile over the northern Japanese island of Hokkaido.
That’s good news for Raytheon, which makes the Patriot system while Lockheed produces the Patriot Advanced Capability-3 (PAC-3) interceptor missiles.
From a technical standpoint, Raytheon scores 100% on all technical indicators I follow for the Momentum Trader Alert service.
Nicholas A. Vardy