Latest / UBS Trending / UBS Trending Extra: Not your usual summer earnings report

Transcript

UBS Trending Extra: Not your usual summer earnings report · UBS Trending

• 0:00
  I might not exactly be the weather man,
• 0:02
  but summer is right around the corner,
• 0:04
  which is quite timely because if we're correct, S&P 500 earnings
• 0:08
  could see their hottest rate of growth in four years.
• 0:12
  So what are the key drivers behind
• 0:14
  why we believe corporate profits are likely to grow by 17%
• 0:18
  in the first quarter.
• 0:20
  First, the macroeconomic data has been supportive.
• 0:23
  Second, not only should I related demand continue to be strong,
• 0:27
  but earnings growth outside of the Magnificent Seven
• 0:29
  should also see an incremental pickup relative to last quarter.
• 0:33
  And third, despite the uncertainty from the US-Iran conflict.
• 0:37
  We think the guidance provided will be better than feared.
• 0:40
  Now the earnings season is already underway.
• 0:42
  So what are some of the early takeaways from the banks?
• 0:46
  We heard that credit trends remain stable.
• 0:48
  Trading activity was also very good.
• 0:51
  And the banks categorized
• 0:52
  the consumer as resilient with spending still in good shape.
• 0:56
  And on AI,
• 0:57
  a few global companies have already indicated
• 1:00
  that trends are still supportive.
• 1:02
  So to learn more about our latest views, please see our report.
• 1:05
  Solid earnings season but geopolitics still loom.
• 1:08
  And visit ubs.com/CIO and continue to tune into
• 1:13
  UBS Trending
• 1:13
  as I'll be back
• 1:14
  at the end of the earnings season to discuss the key takeaways.
• 1:18
  See you again soon.