5 Best Stocks To Buy Before the 2023 Recession

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 110

UnitedHealth Group Incorporated (NYSE:UNH) is an American multinational managed healthcare and insurance company that operates through four segments – UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. UnitedHealth Group Incorporated (NYSE:UNH) is one of the best stocks to buy for a recession portfolio. The company announced guidance for 2023, with revenue forecasted to be between $357 billion to $360 billion. The consensus revenue estimate is $352.95 billion. 

On December 7, Credit Suisse analyst A.J. Rice raised the price target on UnitedHealth Group Incorporated (NYSE:UNH) to $610 from $590 as he made no changes to his EPS estimates but rolled forward his valuation to 2024. The analyst kept an Outperform rating on the stock.

According to Insider Monkey’s third quarter database, 110 hedge funds were long UnitedHealth Group Incorporated (NYSE:UNH), compared to 91 funds in the last quarter. Rajiv Jain’s GQG Partners is the leading position holder in the company, with 3.2 million shares worth $1.6 billion. 

Here is what Stewart Asset Management has to say about UnitedHealth Group Incorporated (NYSE:UNH) in its Q3 2022 investor letter:

“Looking at the Great Recession which began at year-end 2007 and lasted to mid-year 2009 is helpful too. Our four largest current holdings in the portfolio weathered that period well. UnitedHealth’s (NYSE:UNH) earnings were resilient. While it reported modestly down earnings in 2008, its earnings rebounded quickly to record highs in 2010 and the shares responded strongly in anticipation of this.”

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