$UNH

Told you $UNH was going to $400 a few weeks ago, and we are almost there. What’s next? > I think we can see $450 levels by the end of this year. Inflation is ticking up, so investors will likely overweight defensives with pricing power. This is perfect setup for $UNH. > All eyes will be on MLR levels going forward. If MLR comes in as expected for this full year, investor confidence may be fully restored and stock may regain its premium valuation. > It’s average P/E over the last 10 years was 24 and the management is guiding for $18.25 EPS this year. So, if it can return to its 10-year average earnings multiple and deliver on the full year EPS target, the stock will climb to $438 levels. Anything beyond $18.25 EPS takes the stock above $450 in this scenario. Long $UNH