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