UnitedHealth Group (UNH) cratered after reporting earnings that badly missed analyst expectations on the top and bottom lines. UNH stock has lost nearly 30% of its value in the past week after it missed Wall Street’s revenue estimate by $2 billion and earnings by $0.09 per share. It was one of the biggest one-day drops in the health insurer’s history.
Many analysts responded by either lowering their price targets or downgrading their rating on the stock. While no one moved to suggest the stock is a sell, a number no longer think the stock is a buy.
That is a big mistake, but it opens up a fantastic opportunity for long-term investors to buy UNH stock.
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