Via a note on Tuesday, UBS confirms its lifted its S&P 500 year-end target to 5,400
- revised its 2024-2025 earnings outlook, increasing the 2024-25 EPS estimates from $235 to $240, and $250 to $255
Re sectors
- says Health Care remains their preferred choice within defensive investments
- highlight potential in cyclical sectors due to ongoing economic resilience
- financial sector stands on a few fronts; from increasing interest rates, a possible rebound in mergers and acquisitions (M&A) activity, and relaxed lending criteria
Tuesday was an interesting one, mainly one-way traffic (lower)
