Why UnitedHealth is Up On a Downgrade

Credit: The Street
Published on October 10, 2019 - Duration: 01:04s

Why UnitedHealth is Up On a Downgrade

UnitedHealth was downgraded by Jefferies this morning, based on political pressure related to the 2020 election and concern of competition from Anthem .

However, the stock is up today.

Jim Cramer broke down what it means that a stock is up on a downgrade: "It says that the market is being buoyed, the S&P taking things up that shouldn't be and that's because all that really matters is trade talks...It goes trade talks positive, goes to S&P and then takes up stocks that would normally be down." Cramer also broke down what traders and investors of UnitedHealth should do with the stock.

Watch the video above to get his advice.

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