Equities look better supported despite the crypto rally, says UBS By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
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Source: Investing.com
Bitcoin's Surge and Market Sentiment: Bitcoin has risen over 30% since November 4, driven by investor optimism regarding potential pro-crypto policies under President-elect Donald Trump, despite UBS strategists warning that cryptocurrencies remain speculative and may introduce volatility to investment portfolios.
Equity Market Outlook: UBS maintains a positive outlook on global and US equities, projecting strong corporate earnings growth supported by robust economic conditions, while also highlighting the importance of the AI sector in driving equity growth amidst potential market fluctuations.
Analyst Views on AAXJ
Wall Street analysts forecast AAXJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAXJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 98.930
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Current: 98.930
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
