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Stock Market Ends the Week on a High Note

Stocks closed higher on Friday despite disappointing earnings reports and 10-year Treasury yield climbing to its highest level. The market rebound emerged from a report that the Federal Reserve may soon implement slower rate hikes.

Overall, S&P 500 increased 2.4% to 3,753, while NASDAQ rose 2.3% to 10,860.

Tweets of the Day

Chart of the Day

Our chart of the day is the ten-year chart of UnitedHealth (UNH)

UnitedHealth, the nation’s leading health insurer, is comprised of two main divisions, UnitedHealthcare and Optum. UnitedHealthcare is responsible for the provision of health insurance, while Optum is an information and technology-enabled health services businesses delivering services to help modernize the health system and improve overall population health.

UNH is a quality conservative stock, with a double-digit growth rate, a dividend, and a stock buyback program. It is one of the world’s safest stocks. Its ten-year chart is almost perfect. Do note, however, that there have been long periods of underperformance prior to this, such as 2005-2013 (when the stock was at or below $60 or so for eight years).

UNH is part of the Conservative Growth Portfolio.

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