Investors should purchase stocks with the highest price-to-earnings ratios because their valuation premium to the cheapest shares is too low, according to Jonathan Golub at UBS AG.
Record profit from iPhone and iPad maker Apple Inc. is masking weakness at other Standard & Poor’s 500 Index companies during the fourth-quarter reporting season, according to UBS AG’s Jonathan Golub.
The Standard & Poor’s 500 Index is poised to retreat further from a five-year high as earnings disappoint investors, according to Jonathan Golub at UBS AG.
Confidence that central bank policies will spur economic growth and a valuation call by Federal Reserve Chair Janet Yellen sent global equities rallying for the week, with benchmark indexes in the U.S. and Canada climbing to all-time highs.
Companies flush with cash will opt to buy back their stock to return money to shareholders, instead of issuing or increasing dividends, according to UBS AG.
RBC equity strategist Jonathan Golub presented the most compelling case for stocks I have heard all year: Operating leverage.
"The Fed really does not do a lot of commenting on groups of stocks, so the fact that they singled out a couple sectors as looking frothy was unusual."
- Jonathan Golub on Jul 29, 2014
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