Latest News

UBS raises S&P 500 price target amid growing economy, strong profits


Traders on the New York Stock Exchange.

Source: NYSE

Even with the stock market hitting a succession of new highs, there’s still plenty of room to run, according to a new forecast from UBS.

At the core of the firm’s optimism is a belief that surging profits coupled with low inflation and mostly business-friendly policy will guide the market higher.

“While investing at all-time highs may be daunting for some, we believe there is more upside ahead,” UBS analysts said in a note to clients.

“Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery,” they said.

Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put

Previous article

Trading is the new entertainment: Robinhood and Coinbase top the App Store

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News