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ubs sees potential in bp shares amid oil price recovery
UBS views BP shares as undervalued, suggesting a potential swing trade following a recent pullback. The stock has shown signs of recovery with a higher pivot low and high, supported by US sanctions on Russia and increased heating oil demand due to a cold snap in the US. Analyst Joshua Stone highlights BP's strong trading business and attractive dividend yield, reinforcing a bullish outlook despite potential risks from fluctuating oil prices.
Lantheus Holdings (LNTH) experienced significant volatility following mixed quarterly figures and the impact of the recent US elections, leading to a sharp decline in share price. Analysts suggest a bearish outlook, recommending short selling if the price falls below recent lows, with a potential risk/reward ratio of 10:1. The market remains uncertain about the underlying causes of the drop, but current chart patterns indicate more favorable opportunities for short positions.
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