UnitedHealth Group (UNH) is having a good day. The largest HMO is jumping 13%, its best day in 10 years, on news two heavy weights have been buying up the beaten down healthcare company. Warren Buffett and Berkshire Hathaway bought just over five million shares of UnitedHealth worth about $1.6 billion. David Tepper and his Appaloosa firm were also buyers in the last quarter, raising his stake to 2.45 million shares, up from 180,000 shares in the first quarter.
Intel (INTC) jumps on news the Trump Administration is looking to invest or take a stake in the chip giant to bring more manufacturing back to the US. The investment may be to support Intel’s plan to build a massive semiconductor hub in Ohio. Coincidently, Ohio is a swing state in the political realm. Other countries like Germany and France are starting to invest in their home companies. China has long since assisted and subsidized their companies.
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