Diamonds and Dogs
UnitedHealth Group (UNH) trading at new all-time highs. The largest HMO in the country is up 3% following strong earnings and raised guidance. UnitedHealth easily beat by 94 cents as sales rose 9% to $70.2 billion even as COVID-19 continues to negatively affect demand and costs.
Profit-taking in the banks and airlines. Bank of America (BAC) is down 3% even though the bank beat estimates by 24 cents as sales inched up 0.1%. Delta Airlines (DAL) is also down 3% after missing estimates as sales fell 60% year over year. Looking forward, current domestic leisure bookings have recovered to 85% of 2019 levels. A good sign.
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