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Here are the top stocks to own right now, according to UBS
  + stars: | 2024-08-02 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
A handful of stocks may be due for some gains, even as the market sells off. The firm added three new names to the list from the industrials and materials sectors, including Freeport-McMoRan and Norfolk Southern . UBS said Air Products is at "the forefront of the energy transition," citing the progress it is making on large "blue" and "green" hydrogen projects. Meta is trading at a multiple of 23 times earnings on a forward price-to-earnings basis, per FactSet, and UBS sees shares as attractively valued. "The company should benefit from healthy user engagement, improving monetization of Reels, and longer-term monetization of Instagram and WhatsApp offer longer-term opportunities."
Persons: Russell, Nathaniel Gabriel, Gabriel, Robert " Kelly, Ortberg, Meta Organizations: Dow Jones, UBS, Norfolk, Air Products, Chemicals, Air, Boeing, Alaska Airlines Boeing, Max, DOJ Locations: Freeport, McMoRan
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