Shares of Birkenstock (BIRK) are rising after the company received an upgrade from UBS to Buy from Neutral, raising the footwear retailer’s price target to $85 from $52. The firm cites the company’s success in its current expansion strategy. Yahoo Finance Reporter Jared Blikre joins Catalysts to break down the company’s recent performance. For more […]
Tag: UBS
UBS Suggests Buying the Dip in These 2 Buy-Rated Stocks
The stock market continues to thrive this year, with the S&P 500 up almost 13% and the NASDAQ flying high with a 16% surge. Just like last year, the mega-cap tech stocks have been leading the gains, and providing a positive impetus for the markets as a whole. But the tech giants are not the […]
There are 8 warning signs of a stock market bubble and 6 of them have already flashed, UBS says
A trader blows bubble gum during the opening bell at the New York Stock Exchange (NYSE) on August 1, 2019, in New York City.Johannes Eisele/AFP via Getty Images UBS strategists say six out of eight signs of a stock market bubble are already flashing. Generative AI hype has driven stock prices to record highs, raising […]
A single customer made up 19% of Nvidia’s revenue last year. UBS thinks it’s Microsoft.
Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BI Recent disclosures from Nvidia highlight just how concentrated its customer base is. The company said just two customers represented 24% of its revenue in the first quarter. UBS thinks the biggest mystery customer — accounting for 19% of revenue last year — is Microsoft. […]
With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario ‘nobody is really prepared for,’ UBS exec says
The U.S. economy might be out of the frying pan and into the fire. After months—even years—of planning for a recession, the country may find itself facing a different sort of calamity: stagflation. A new report released yesterday by the Commerce Department showed GDP growth slowing sharply, while certain inflation metrics crept up, leaving Wall […]
Profit momentum of Big Six tech companies to ‘collapse’ over 2024, UBS says
By Roshan Abraham and Siddarth S (Reuters) – Profit growth momentum of the so-called Big Six technology stocks could “collapse” over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies. Growth in earnings per share (EPS) of the “Big 6 TECH+” stocks – Apple, Amazon.com, Alphabet, […]
UBS Warns Of Potential Fed Rate Hikes To 6.5%
Bond Yields Surge To 6-Month Highs As Likelihood Of No-Landing Scenario Increases: UBS Warns Of Potential Fed Rate Hikes To 6.5% U.S. Treasury yields have reached their highest levels since mid-November 2023, driven by a mix of economic resilience, persistent fiscal spending and resuming inflationary pressures. These factors are steering the market’s expectations away from […]
Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists
(Bloomberg) — The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve hikes rather than cuts interest rates, bringing borrowing costs to as high as 6.5% next year, according to UBS Group AG strategists. Most Read from Bloomberg While the bank’s base case is for two rate cuts this […]
UBS Suggests 3 Airline Stocks to Buy With Double-Digit Upside
A combination of receding headwinds and increased tailwinds is providing some extra lift to the airline industry. Passenger demand is steadily recovering post-COVID, in both the leisure and business segments, and the airlines overall are finding themselves able to meet the travel volumes. Reductions in general inflationary pressures, and the prospect of lower interest rates, […]
Swiss bank UBS reports pretax loss in 4Q, plans share buybacks after Credit Suisse deal wraps up
GENEVA (AP) — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. The Zurich-based lender reported losses before tax of $751 million in the quarter, which included losses of more than a half-billion dollars […]
The stock market could crash 23% this year if these 3 risks become reality, UBS says
A trader works during the Fed rate announcement on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019.Reuters/Brendan McDermid The stock market has a downside scenario that could spark a S&P 500 crash of more than 20%, according to UBS. The bank highlighted three big risks investors should […]
Recession will hit the US in 2024 – so get ready for massive interest-rate cuts, UBS says
Federal Reserve Chair Jerome Powell.Alex Wong/Getty Images The Federal Reserve will slash interest rates by an eye-popping 275 basis points next year, according to UBS. That’s nearly four times as steep a cut as the market is expecting. UBS expects a mid-2024 recession to encourage the central bank to start easing. The US economy will […]