UBS picks ‘all-weather stocks’ that can thrive in any economy, provide long-term returns

[Pelican Press 0]

UBS picks ‘all-weather stocks’ that can thrive in any economy, provide long-term returns

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made the list. Stock in the e-commerce company has climbed more than 20% in 2024. “2024 should mark the first year since 2021 in which most if not all of the overhangs which beset AMZN shares will gradually lift, and all segments are moving in the same positive direction along the bull thesis,” analyst Stephen Ju said. AMZN YTD mountain

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stock. The analyst said shares can find strong growth thanks to expected margin expansion in e-commerce,

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Web Services growth picking up at a faster-than-expected clip and added revenue from advertising on Prime Video. “These factors should ultimately drive faster ****** profit versus operating expense growth to drive double-digit EBITDA growth over the next several years,” Ju added. Ugg and Hoka maker Deckers Outdoor also made the cut. Shares have soared about 22% in 2024. However, a downgrade by Truist and and overall sell-off in the market sent the stock down about 7% in Wednesday’s session. UBS analyst Jay Sole expects the company to show “exceptional momentum” at its Hoka and Ugg brands, which will be a key driver in its ability to increase sales at a 15% compound annual growth rate moving forward. Sole also expects profits to improve as the company sells higher-margin products, as well as products through its direct-to-consumer channel. DECK 1Y mountain Deckers shares over the past year. “Hoka is one of the world’s fastest growing footwear brands,” Sole said. “We believe Hoka’s exceptional momentum with consumers continues and think this will lead to strong FY25 sales growth and stock-driving earnings beats.” Stocks also on the UBS list include artificial intelligence plays

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and Broadcom .

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Broadcom Inc,

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Corp,Deckers Outdoor Corp,

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