{ }
FedEx Corporation, the global leader in express transportation, has received a Buy recommendation from UBS. The company's sales are primarily derived from courier and express services (46.6%), small parcel delivery (39.1%), large parcel delivery (10.3%), and other services (4%), with 72.4% of sales generated in the United States.
Cintas Corporation, a leader in the American market for work uniforms, has received a Buy rating from UBS. The company's net sales are primarily driven by uniform rentals, accounting for 77.8%, while additional services such as restroom cleaning and first aid/security contribute 22.2%.
Nike, Inc. focuses on developing, manufacturing, and marketing athletic footwear, apparel, and equipment, with footwear accounting for 68.6% of net sales. The company operates 1,045 stores globally and generates 41.6% of its sales from North America, followed by Europe/Middle East/Africa at 26.5%.
The collapse of Credit Suisse, attributed to years of mismanagement, prompted a Swiss parliamentary inquiry that criticized both the bank's leadership and the supervisory authority, Finma. The findings may lead to stricter regulations for systemically important banks, potentially requiring UBS to reserve an additional $15 billion to $25 billion in capital.
The stock market is signaling a challenging 2025, with a 14-day streak of declining S&P 500 stocks outpacing gains, the worst since 1978. A disappointing Santa Claus rally could exacerbate market breadth issues, while extreme investor optimism raises concerns about future returns. If recent trends continue, 2025 may prove difficult for investors.
UBS shares fell 0.4% to CHF 26.77, making it one of the SMI's losers, with a low of CHF 26.25 today. The stock is currently 9.47% below its 52-week high of CHF 29.57 and 15.84% above its low of CHF 22.53. In Q3 2024, UBS reported earnings per share of CHF 0.39, with sales of CHF 18.86 billion, a slight decline from the previous year.
Standard & Poor's has reaffirmed Raiffeisen Zurich's long-term and short-term credit ratings at "AA-" and "A-1+", respectively, highlighting the bank's excellent capitalization, stable earnings, and solid credit quality. With a 17.9% market share in the Swiss mortgage sector, Raiffeisen remains a leading retail bank. The bank reported a profit of 641.6 million Swiss francs in the first half of 2024 and anticipates solid business development for the current financial year, though results may not match the extraordinary levels of the previous year.
UBS projects the S&P 500 to reach 6,600 by the end of next year, despite fewer anticipated Federal Reserve rate cuts, now expected to occur in June and September 2025. The Fed's decisions will depend on economic data, particularly labor and inflation trends, while UBS advises investors to focus on high-grade bonds and diversified income strategies.
US equities stabilized as the S&P 500 dipped 0.1% to 5,867, while bond yields rose amid expectations for a gradual Federal Reserve easing cycle starting in 2025. UBS forecasts the S&P 500 reaching 6,600 by the end of next year, despite fewer anticipated rate cuts, and advises investors to focus on high-grade bonds and diversified income strategies.
The Dow Jones Industrial Average surged nearly 400 points, reversing a 10-day losing streak, as investors reacted positively to a lower-than-expected inflation report, despite looming government shutdown concerns. Nvidia's stock attempted a recovery, while shares of Trump Media and Technology fell sharply after the president-elect moved shares to a revocable trust. FedEx initially soared over 20% on earnings but later declined, while Carnival's stock rose 3% following better-than-expected quarterly results.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.