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Analog Devices, Inc. announced that CFO Richard Puccio will present at the UBS Global Technology Conference on December 3, 2024, at 10:15 a.m. MST in Scottsdale, Arizona. The event will cover business topics and trends, with a live webcast available on the company's Investor Relations website, followed by an archived replay for 30 days.
Analog Devices, Inc. will participate in the UBS Global Technology Conference on December 3, 2024, at 10:15 a.m. MST, where Executive Vice President & CFO Richard Puccio will discuss business trends. The event will be held at the Phoenician Hotel in Scottsdale, Arizona, and a live webcast will be available on the company's Investor Relations website, with an archived replay accessible for 30 days.
Analysts at UBS see a buying opportunity in the recent sell-off of renewable energy stocks, driven by the anticipated surge in energy demand from artificial intelligence and data centers. They suggest that the current market conditions present an attractive entry point for investors, as nearly every power generation source stands to benefit from the relentless demand for electricity.
Gold has surged 5% this week, emerging as a favored hedge against global risks, according to UBS. This increase reflects growing investor confidence in gold as a safe haven amid uncertain economic conditions.
The Swiss stock market experienced notable gains on Friday, driven by demand for defensive stocks amid geopolitical tensions related to Russia's nuclear strategy. Roche rose by 1.3%, Novartis by 2.3%, and the SMI index increased by 1.1% to 11,717 points, with 19 of the 20 SMI stocks gaining. The euro's recovery against the franc also supported the market, while Zurich Insurance climbed 1.0% following positive analyst feedback.
UBS reports that while palladium prices have risen 8.7% this week, the long-term outlook is bleak due to fragile demand and expected oversupply from the shift towards electric vehicles. The market remains volatile, influenced by speculative trading and geopolitical factors, particularly concerning Russian exports. Key technical levels indicate potential resistance at USD 1,044 and support around USD 919, suggesting cautious investor sentiment.
UBS recommends investing in inexpensive stocks that maintain high cash levels as new tariffs from the Trump administration are anticipated. This strategy aims to capitalize on potential market shifts resulting from the impending trade policies.
A €103 million funding package has been secured for a 237.6 MW solar plant in southeastern Bulgaria, marking the first renewable energy project over 100 MW to operate without a support scheme. The investment, led by the EBRD and Raiffeisen Bank International, will enable the plant to generate over 300 GWh of electricity annually. Plans are also in place to add 250 MW of energy storage on site, contributing to Bulgaria's goal of achieving 34.7% renewable energy in its electricity consumption by 2030.
Gold prices have surged above $2,700, driven by escalating geopolitical risks, particularly following President Putin's new nuclear doctrine and military actions in Ukraine. Additionally, a weak Philly Fed index has sparked speculation about potential interest rate cuts in the U.S., further boosting gold's appeal. The sustained rise above this key level is crucial for confirming an upward trend, with the record high of around $2,790 potentially within reach.
UBS has identified the recent correction in gold prices as a buying opportunity, projecting a rise to $2,900 by the end of 2025, reflecting an 8.8% upside. The bank attributes this optimism to central banks' increasing interest in gold amid rising debt and geopolitical tensions, noting that their reserves remain low relative to total assets.
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analog devices cfo to speak at ubc global technology conference in december
22:00 22.11.2024
analog devices to present at ub s global technology conference in december
22:00 22.11.2024
analysts see buying opportunity in renewable energy stocks amid market sell-off
19:00 22.11.2024
gold rises 5 percent as investors seek safe haven amid global risks
18:21 22.11.2024
Swiss stock market gains as defensive stocks rise amid geopolitical tensions
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17:45 22.11.2024
Palladium market faces challenges amid fragile demand and electrification trends
17:20 22.11.2024
UBS recommends buying cheap stocks with strong cash reserves amid tariffs
17:04 22.11.2024
funding secured for 237.6 MW solar plant in bulgaria
14:31 22.11.2024
Gold price surges above 2700 dollars amid rising geopolitical tensions
13:46 22.11.2024
gold price correction seen as buying opportunity by UBS analysts
11:00 22.11.2024
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