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.
Nov. 20 (Bloomberg) -- Jonathan Golub, chief U.S. equity strategist at UBS, discusses company spending and pricing power for consumer goods companies. He speaks on Bloomberg Television's "Bloomberg Surveillance."
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.
"What we've really had is a 5 1/ 2-year-long healing process."
- Jonathan Golub on Nov 30, 2014
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