UnitedHealth’s reported investigation, Cisco & Pinterest upgraded


00:00 Speaker A

It’s time for Yahoo Finance’s Market Minute. Stocks edging higher as investors digest retail sales, wholesale inflation data and Walmart’s mixed first quarter earnings. United Healthcare shares sinking in today’s trade, hitting a five-year low. That move coming as the company faces a criminal investigation related to possible Medicare fraud. That’s according to The Wall Street Journal. United Health responding to the report, saying in a statement that the reporting is quote “deeply irresponsible.” And Cisco being upgraded at Wells Fargo, lifting its rating on the stock from equal weight to overweight. Wells Fargo highlighting optimism over the company’s AI momentum. The upgrading coming after Cisco’s better than expected third quarter results and after it raised its guidance. And Pinterest shares getting an upgrade at Wolf Research following its first quarter results. The firm citing sustained core fundamentals from product improvement. Wolf upgrading the stock from peer perform to outperform. And that’s your Yahoo Finance Market Minute.


Leave a Reply

Your email address will not be published. Required fields are marked *