UBS says it's 'time for quality' with recession near. 10 stocks to buy

Investors should turn their attention toward quality stocks as market volatility persists and a recession becomes more likely, UBS said in a note this week. The note preceded the Federal Reserve's 25 basis-point benchmark rate increase on Wednesday, but UBS had already assumed the central bank would continue to hike in their monthly update. Markets quickly soured after Fed Chair Jerome Powell's comments following the rate hike decision.

UBS also highlighted the company's ability to lean into new technology as well as well-received promotions and higher quality menu items. Shares of the fast food giant are lagging the S & P 500 this year. However, the stock is up 14% over the past 12 months, while the broader market index has lost 10%. MCD 1Y mountain MCD 12-month chart Oil giant Exxon Mobil also made the list, with UBS pointing to the company's exceptionally strong balance sheet.

Just don't buy their stock, js.

as They bought Credit Suisse...

USB cable ready, fast charging. 😉

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Fed recap: All the market-moving comments from Fed Chair Powell after rate hikeThe Federal Reserve announced a 25 basis point rate hike on Wednesday. The increase was widely anticipated by the market. Bull case for your bearish report: He also said banking fallout and credit tightening could have the same effect as rate hikes potentially leading to cuts. Everything continues to be hinged on inflation. 5% inflation means less excitement around the topic😊 Absolute dumpster fire of an administration. This would be comical if it wasn’t ruining people’s lives. BidenIsAFailure
Source: CNBC - 🏆 12. / 72 Read more »