UBS lifts S&P 500's year-end target to Street high of 5,600
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Go back to UBS lifts S&P 500's year-end target to Street high of 5,600
May 28, 2024 12:08 PM EDT
According to UBS's biweekly update on CTAs' positioning and flows, Commodity Trading Advisors (CTAs) have increased their equity exposure to an all-time high, reaching the 96th percentile.
UBS explains that over the past two weeks, CTAs have significantly bought US equities and the Nifty 50, leading to this peak in exposure.
With equity positions now at elevated levels, UBS suggests... More
May 28, 2024 11:45 AM EDT
Oppenheimer analysts raised their rating for the utilities sector and cut the rating for real estate in a wide-ranging note Tuesday, noting the positive earnings growth.
The firm highlighted that eight of the 11 sectors in the S&P 500 are showing earnings growth, with six up double-digit rates.
These include communication... More
