Centene, a $42 billion health insurer, has strong momentum with shares up more than 25% in the last six months, and it trades for a reasonable multiple at less than 13 times forward earnings. Compared to larger health insurers like UnitedHealth Group (UNH) and Anthem (ANTM), which have price-to-book ratios of 5.8 and 2.8, respectively, Centene looks incredibly cheap at 1.6 times book. The company, which has a large exposure to programs like Medicare and Medicaid, is also snapping up competitors. In 2020, it acquired WellCare, and early this year it announced the acquisition of Magellan Health for $2.2 billion in a deal expected to close in the coming months. Track the performance of the stock here: https://zyne.com/stock/CNC
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