Why UNH, First Solar, and Hesai Group are Hot Stocks
The sell-off phase in Medicaid provider UnitedHealth (UNH) is over. News that Berkshire Hathaway (BRK) took a position in UNH stock at anywhere from over $600 to as low as around $250 ended the stock decline.
UNH stock added nearly 12% on Aug. 15 to close last week at $304.01. Investors might consider CVSHealth (CVS) instead, which owns Aetna. Elevance (ELV) offers value, while Centene (CNC), Humana (HUM), and Molina (MOH) are also peers in the managed healthcare to consider.
First Solar (FSLR) gained 11.05% on Aug. 15. The White House’s new guidance on eligibility for federal tax credits in residential solar systems is not as punitive as previously feared. Past stock market massive rallies this year depended on “less punishment” after the initial “shock” from the cut in tax credits.
Related firms in the solar space include Array Technologies (ARRY) and Sunrun (RUN).
Hesai (HSAI) is a hot stock after Toyota (TM) chose the Chinese firm to supply a new LiDAR. Hesai won a design for long-range LiDAR ATX. Mass production starts in 2026. In this space, Ouster (OUST) is an attractive investment this year. Shares touched a new high of $35.87 last week.
