Stocks will rise as corporate earnings stage recovery, says UBS - Business Insider

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Stocks will continue to rise regardless of who wins the election as corporate earnings stage a recovery, says the world's largest wealth manager

A fund manager beating 90% of his rivals told us why he actively avoids companies with giant profit margins - and shares 5 stocks he thinks will keep winning for years"Aggregate [third quarter] earnings are coming in 23% better than expected, and sales are beating by 5%, very similar to the results in 2Q," UBS said.steady stream of better than expected economic data

"Overall we expect 3Q earnings to decline by about 15-17% y/y, an improvement from the 32% decline in 2Q," UBS said.

 

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