Tag Archives: UBS

[unable to retrieve full-text content]ChatGPT on track to surpass 100 million users faster than TikTok or Instagram: UBS  Yahoo Finance Source link

Stocks may be well off their highs amid rising concerns on the Russia-Ukraine war, but now doesn’t mark a great buying opportunity, warns UBS strategist Stuart Kaiser. “We are definitely not buyers of the dip at this point. For perspective, we were worried about the first half of this year before the Russia-Ukraine conflict even started just based on the Fed and the growth in inflation dynamics. The geopolitical stuff just reinforces that,” Kaiser said on Yahoo Finance Live. Markets would seem… Source link

(Bloomberg) — Gold slipped after finishing strongly last week, with UBS Group AG warning investors to rethink their bullion holdings as the global economy recovers and the greenback strengthens into next year. Bullion had been clawing back some ground over the past week after better-than-expected U.S. jobs data sent prices tumbling on bets the Federal Reserve may start paring back massive monetary stimulus soon. This week, investors will parse through a speech by Chair Jerome Powell, as well… Source link

A day after Tesla (TSLA) CEO Elon Musk turned the big 50, UBS is sending him a belated digital birthday gift.  UBS analysts led by Patrick Hummel slashed the firm’s price target on Tesla’s stock to $660 from $730. The group maintained its Neutral rating on Tesla shares. But, the analysts cut their EPS estimates for 2021 by 11% and by 10% for 2022. In an extensive dive into the EV industry’s outlook, UBS voiced several noteworthy concerns for the diehard Tesla bulls.  “While results from our… Source link

Some banks and financial institutions offer — or are considering offering — cryptocurrency to their investing clients, a move that strengthens the bitcoin bull case despite recent volatility. Just this week, Wells Fargo (WFC) announced that it would begin to offer cryptocurrency to some clients as interest spikes once again. But the embrace of bitcoin on Wall Street is far from guaranteed. In a note Wednesday from UBS global wealth management, CIO Mark Haefele poured cold water on… Source link