Breaking Stories

These 14 global stocks will pop on a post-lockdown spending boom: UBS

A pedestrian carries a Louis Vuitton shopping bag, from a store operated by LVMH Moet Hennessy Louis Vuitton SE, on New Bond Street in London, U.K., on Wednesday, Oct. 21, 2020.

Hollie Adams | Bloomberg | Getty Images

People are set to spend billions saved during the coronavirus pandemic on vacations, autos and luxury goods, according to investment bank UBS, which has picked a raft of stocks that it believes will benefit from the trend.

Europeans and those in the U.K. have more than 700 billion euros ($857 billion) in “excess” savings, according to the bank’s analysts in a note published Friday. And the amount Europeans will spend is expected to rise faster than in the U.S., they added.

UBS said the recovery in Europe and the U.K. is a “key investment theme” for this year, and its analysts see 50% growth in earnings-per-share for the regions’ companies this year.

Some of the bank’s stocks picks have a potential upside of 40% or more to its analysts’ price target. Here 14 of its stocks to buy:

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *