Stocks will continue to rise regardless of who wins the election as corporate earnings stage a recovery, says the world's largest wealth manager
A fund manager beating 90% of his rivals told us why he actively avoids companies with giant profit margins - and shares 5 stocks he thinks will keep winning for years"Aggregate [third quarter] earnings are coming in 23% better than expected, and sales are beating by 5%, very similar to the results in 2Q," UBS said.steady stream of better than expected economic data
"Overall we expect 3Q earnings to decline by about 15-17% y/y, an improvement from the 32% decline in 2Q," UBS said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investing ideas, how to diversify away from mega-cap tech stocks: UBS - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Dow closes more than 150 points lower and snaps 4-day winning streakStocks fell as investors grappled with the latest news regarding U.S. coronavirus stimulus and treatments as well as corporate earnings.
Read more »
Stock market live updates: Stocks drift higher, bank earnings, Covid hospitalizations rise'Are they gonna do bubbles like the NBA?' MadMoneyonCNBC’s JimCramer wonders how film production companies will address the difficulty of creating content during the coronavirus pandemic, especially as streaming numbers climb.
Read more »
Writer Anand Giridharadas slams corporate directors - Business InsiderCorporate directors demand refunds and threaten to 'rage quit' after writer Anand Giridharadas eviscerated them in a virtual conference for board members, saying 'your children and grandchildren do not respect your work'
Read more »
Small Business Point-of-Sale Battle Report from Insider Intelligence - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Citi CEO Corbat faces tough crowd on third-quarter earnings call - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »