UBS Predicts Global Stock Upside as 90% of S&P 500 Companies Beat EPS Estimates

UBS-2.37%
According to UBS Asset Management, on July 20, the company released an outlook predicting global equities will receive support from three positive factors despite market volatility. With approximately 10% of S&P 500 companies having reported earnings, nearly 90% exceeded earnings per share (EPS) expectations, with a median beat of 8.8%. UBS projects S&P 500 EPS growth of 28% over the next three months, supported by stronger-than-expected corporate earnings and resilient consumer spending.
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