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Earnings Watch: Health companies start reporting earnings next week: Here are 3 things to keep in mind

Health companies will begin reporting second-quarter earnings next week, starting with two Dow components, Johnson & Johnson and UnitedHealth Group Inc.

It has been a tumultuous few months for managed-care companies, pharmaceutical companies and biotechs. Fears around “Medicare for all” weighed on earnings last quarter. UnitedHealth UNH, +1.49% , facing investor anxiety about the implementation a single-payer system, saw its shares drop sharply in April even after the company beat Wall Street expectations and boosted full-year guidance. Shares of other insurers and managed-care companies also fell at the time, and biopharma stocks followed suit.

Some of those fears have since dissipated and health stocks have mostly recovered to their pre-April levels.

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