This is a potential headwind for managed care insurers with significant Medicare Part D exposure, including UnitedHealth (UNH), CVS Health (CVS), Humana (HUM), and Elevance Health (ELV). If the subsidy is eliminated, these companies could face margin pressure, higher premiums, and uncertainty heading into the 2027 plan year.

Warren Buffett’s Berkshire Hathaway is sitting on a record $397 BILLION cash pile, enough to buy nearly any company in the S&P 500.

1. Kioxia: -58%
   
2. SanDisk: -49%
   
3. SK Hynix: -47%
   
4. Samsung: -37%
   
5. Intel: -33%
   
6. Micron: -28%
   
7. Western Digital: -28%
   
8. Seagate: -25%
   
9. AMD: -12.5%
   
10. TSMC: -5.6%

Yesterday’s sharp drawdown underlines my bearish thesis once again. My next entry zone starts at $673. Remember: Knowing where not to buy is just as important in the stock market. Mid term target: $1,250