UBS lifts S&P 500's year-end target to Street high of 5,600
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CTAs' equity exposure is back at all-time high: Time to lock in some profits?
May 28, 2024 12:08 PM EDTAccording 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
Oppenheimer raises Utilities sector rating, cuts Real Estate
May 28, 2024 11:45 AM EDTOppenheimer 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
