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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur upside scenario calls for 5,300 in the S&P 500, says UBS' Nadia LovellNadia Lovell, UBS senior U.S. equity strategist, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Wednesday.
Persons: Nadia Lovell Nadia Lovell Organizations: UBS
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We're looking for two to three' rate cuts next year, says UBS' Nadia Lovell on a Fed pivotAdam Crisafulli, Vital Knowledge founder, and Nadia Lovell, UBS senior U.S. equity strategist, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: Nadia Lovell, Adam Crisafulli Organizations: UBS, Vital Knowledge
In a list of "23 for '23" picks, UBS included Baidu , Grab , Merck , Salesforce , Li Ning and Siemens . It updated its stock selection, adding Yum Brands and MGM Resorts International to the list last month, and removing AbbVie and Corteva . Our 23 for '23 theme showcases our highest conviction stock ideas that aim to benefit from these inflections," stated the authors of the UBS report, led by Nadia Lovell. UBS added MGM Resorts International to its picks, with analysts "encouraged by the continued strength in Las Vegas and a healthy outlook for MGM." Manufacturing and technology company Siemens made the UBS list for being "at the forefront of the Industrial Internet of Things (IIoT) transformation."
Persons: Li Ning, Nadia Lovell, Salesforce, Taco, — CNBC's Michael Bloom Organizations: UBS, Baidu, Merck, Salesforce, Siemens, Yum Brands, MGM Resorts International, MGM, Software, Manufacturing, Industrial, Taco Bell Locations: Swiss, Las Vegas
Why the ADP Jobs Report Is Rattling Markets
  + stars: | 2023-07-06 | by ( ) www.wsj.com   time to read: 1 min
Today, it sparked a selloff. The private sector added 497,000 jobs in June. That was well above the gain of 220,000 forecast by economists polled by The Wall Street Journal. The ADP report has shown smaller employment gains than the Labor Department's non-farm payroll data over the past several months, said Nadia Lovell, senior U.S. equity strategist for global wealth management at UBS. The government’s jobs data for June is due tomorrow morning.
Persons: Nadia Lovell Organizations: Wall Street, Labor, UBS
UBS, the world's largest asset manager, downgraded stocks and says they have little upside now. The firm says investors shouldn't sit on the sidelines, especially in the bond market. UBS advised investors on what to buy in stocks, bonds, currencies, and alternative assets. "The bond market is pricing for a recession to start as soon as the summer," Haefele wrote, while oil prices and credit spreads also reflect substantial recession risk. Speaking of stocks, Haefele doesn't like what he sees.
Now let's see how the fast-moving banking turbulence impacts the highly sensitive US housing market. "It seems that home sales activity has bottomed out, and 2023 will be the turning point for the housing market," she said. While her long-term outlook on a housing rebound hasn't changed, mortgage rates look set to fall faster than previously expected, which could allow more Americans to enter the housing market. And looking ahead to the Fed's meeting next week, Evangelou expects policymakers to moderate their aggressive policy. In other news:The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020.
UBS's Nadia Lovell believes that the stock market could dip below its 2022 lows this year. Lovell also said that investors who don't own ex-US assets could be missing out on big future gains. Lovell also believes that current investor consensus is too optimistic about the looming earnings contraction, and that market valuations remain lofty. For instance, she currently has an overweight towards consumer staples, a traditionally defensive sector that can hedge portfolios against economic slowdown. Despite its huge run-up over the past year, Lovell believes that demand for the sector still has room to grow.
Nadia Lovell, a senior US equity strategist at UBS Global Wealth Management, is wary of stocks. Nadia Lovell of UBS Global Wealth Management has a knack for nailing stock market calls. In mid-August, the senior US equity strategist warned that the latest stock market rally couldn't be trusted. Markets are currently expecting 5% earnings growth in 2023, but should instead brace for an earnings recession, Lovell said. "And so we find it difficult to see that we get earnings growth this year.
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