Wall Street Lunch: UnitedHealth Under Pressure Again

2025-05-21 13:40:00 ET

Summary

• UnitedHealth faces pressure from whistleblower allegations and DOJ probe, with HSBC downgrading the stock due to leadership changes and Medicare fraud concerns.
• Target missed Q1 expectations, lowered guidance, and faces ongoing sales challenges, while Lowe's beat estimates and reaffirmed its full-year outlook.
• Wolfspeed's stock crashed over 60% amid reports of imminent bankruptcy after failed debt restructuring and rescue financing discussions.
• SocGen recommends Overweight Industrials, Financials, and Utilities, while suggesting rotation out of expensive Nasdaq 100 into S&P 500 Equal Weight for better value.

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The company denies it paid facilities to cut hospital transfers. (0:15) Target lowers guidance. (1:57) The only sector hitting new highs is still a Buy. (4:20)...

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