UnitedHealth Group has attracted major contrarian investors like Buffett, Burry, and Simons. Click here to read why UNH stock is a Buy.

Beaten-down UNH is set to challenge its 50-day moving average after a major vote of confidence from the Oracle of Omaha.

Year to date, the stock has fallen by nearly 45%, which is by no means normal for the healthcare stock. In fact, this is the worst it has performed since the Great Recession, when it tumbled by more than 54% in 2008.

UnitedHealth Group is scheduled to report second-quarter results ahead of the opening bell on Tuesday, with markets expecting the health insurance giant's stock to make a substantial move by the end of the week.

For 2024, UnitedHealth Group expects between $27.50 and $27.75 in adjusted diluted EPS. This is still within the initial range of between $27.50 and $28.00 established last year.

UnitedHealth Group (NYSE: UNH) is a top health care stock with recent turbulence in earnings guidance, rising costs, and hedge fund activity.

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UnitedHealth Group Inc. (NYSE:UNH) shares climbed Friday after high-profile investors Michael Burry and Warren Buffett took positions in the insurance giant, offering some relief to a stock that has tumbled about 41% year-to-date.