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UBS Says Watch Beaten-Down Consumer Stocks, But Is "Reluctant To Call Outright Bottom"
UBS Says Watch Beaten-Down Consumer Stocks, But Is "Reluctant To Call Outright Bottom"
The Conference Board's Consumer Confidence Index has fallen to its lowest level since April 2014, but UBS equity trader Mark Paski is watching closely for signs of a bottom in beaten-down consumer stocks.
Paski explained:
Some of the US consumer sector's biggest laggards are beginning to outperform despite little improvement in the underlying data, a potential sign that prices may be bottoming before fundamentals. The sector remains deeply unloved, with investors heavily underweight, tax-loss selling still dominating conversations...
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Apr 8, 2026 / Tyler Durden
Airline Stocks Soar On Iran Ceasefire As IATA Sees "Positive" Tailwinds, But Warns Jet Fuel Crisis Will Persist
Airline Stocks Soar On Iran Ceasefire As IATA Sees "Positive" Tailwinds, But Warns Jet Fuel Crisis Will Persist
Airline stocks are flying high in premarket trading in New York after the overnight ceasefire between the Trump administration and Tehran. The truce is a positive for the aviation industry, which has been locked in turbulence for six weeks, as surging jet fuel prices have crushed the margins of major carriers, forcing ticket and baggage price hikes and triggering travel chaos across the Gulf region.
"Even two weeks is a positive because we...
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May 1, 2026 / Tyler Durden
Medicaid Withholds Additional $91 Million In Funding For Minnesota
Medicaid Withholds Additional $91 Million In Funding For Minnesota
Authored by Janice Hisle via The Epoch Times,
In his latest action targeting Minnesota fraud, Dr. Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services, said his agency would delay paying $91 million in Medicaid claims to the state.
“This is about protecting patients and respecting taxpayers,” Oz said in a video posted April 30 on X, announcing the decision.
The money being withheld includes “$76 million tied to 14 service categories highly vulnerable to fraud,” Oz wrote on X. The remaining...
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Apr 7, 2026 / Tyler Durden
British Official Admits UK Not Capable Of Rescuing Their Own Lost Airmen
British Official Admits UK Not Capable Of Rescuing Their Own Lost Airmen
Europe has been dancing on the edge of a knife, flirting with notions of war with a battle hardened Russia over the conflict in Ukraine. As these tensions escalate, questions are being raised about the actual combat readiness and capabilities of countries that have relied on the US for their security for so long.
The primary division between the Trump Administration and NATO countries, the thing that started it all, was the initial refusal of so many of...
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