Posted 1/21/2024, 12:11:00 PM
Stocks Poised for Gains Despite Mixed Performance: S&P 500 Recovers to Bull Market as AT&T and UnitedHealth Remain Undervalued
- The S&P 500 has recovered to reach a bull market after 2 years, likely leading to another positive returns year
- AT&T stock price has underperformed despite steady revenue growth in mobile and broadband services
- AT&T trades at just 6.2 times trailing free cash flow, offering a 6.7% dividend yield
- UnitedHealth stock is down 5% despite delivering a 27% return on equity in 2022
- UnitedHealth trades at just 18.4 times free cash flow after more than tripling it over 5 years