Stock Movers UnitedHealth Continues Downslide; Amazon-FedEx Deal; Hertz Lower
May 13, 2025
UnitedHealth Group sparked interest with its new CEO amid a grim outlook for growth. Amazon and FedEx rekindle their partnership, promising enhanced delivery for large packages. Meanwhile, Hertz faces troubles with a disappointing earnings report, suggesting challenges ahead in the rental market. The podcast dives into the implications of these developments and shares personal stories about evolving consumer preferences in transportation.
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UnitedHealth's CEO Change and Outlook Surprise
- UnitedHealth Group shocked investors by suspending its 2025 outlook due to higher medical costs for Medicare Advantage beneficiaries.
- They replaced CEO Andrew Witty with former CEO Stephen Helmsley amid declining stock performance this year.
Amazon-FedEx Deal and UPS Cutbacks
- Amazon renewed a multiyear package delivery deal with FedEx, ending a break since 2019.
- UPS plans to halve its Amazon deliveries by 2026, while Amazon handles most packages via its own logistics network.
Neighborhood Delivery Anecdote
- Paul Sweeney humorously described Amazon delivery drivers blocking his driveway and delivering to neighbors.
- Tom Keene referenced deliveries disrupting local streets and blocking driveways.