Top Healthcare Stocks To Follow Today - July 2nd

UnitedHealth Group, Alphabet, and Centene are the three Healthcare stocks to watch today, according to MarketBeat's stock screener tool. Healthcare stocks are shares of publicly traded companies operating in the medical and life sciences sector, including pharmaceutical firms, biotechnology developers, medical device manufacturers, hospitals, and health insurers. Investors buy these equities to gain exposure to industry growth driven by aging populations, medical innovation, and rising healthcare spending. Performance can be influenced by factors such as regulatory approvals, patent expirations, and healthcare policy changes. These companies had the highest dollar trading volume of any Healthcare stocks within the last several days.

UnitedHealth Group (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

NYSE UNH traded down $13.49 on Wednesday, reaching $312.65. The company's stock had a trading volume of 9,790,932 shares, compared to its average volume of 11,123,503. UnitedHealth Group has a 52 week low of $248.88 and a 52 week high of $630.73. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $331.91 and a 200 day moving average price of $451.20. The firm has a market cap of $283.61 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.48 and a beta of 0.45.

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Alphabet (GOOGL)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

NASDAQ:GOOGL traded up $2.43 on Wednesday, reaching $178.27. The stock had a trading volume of 14,481,466 shares, compared to its average volume of 36,650,375. The company has a market capitalization of $2.16 trillion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.24 and a beta of 1.00. Alphabet has a 1-year low of $140.53 and a 1-year high of $207.05. The stock has a fifty day moving average price of $167.50 and a 200-day moving average price of $174.17. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

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Centene (CNC)

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children's health insurance program, foster care, medicare-medicaid plans, long-term services and support.

Shares of CNC stock traded down $22.50 during trading hours on Wednesday, reaching $34.15. 63,744,478 shares of the company were exchanged, compared to its average volume of 5,301,975. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 5.09, a P/E/G ratio of 0.65 and a beta of 0.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 1.11. The stock's fifty day moving average is $57.55 and its two-hundred day moving average is $59.57. Centene has a fifty-two week low of $33.80 and a fifty-two week high of $80.59.

Read Our Latest Research Report on CNC