IQV - UBS debuts tactical screen for selloff opportunities cuts Meta off two lists

Updating its Tactical U.S. Equity Themes, UBS introduced a new theme of Selloff Opporutunities. The screen "highlights a list of companies that look attractive following recent market volatility." "We believe some stocks have been unfairly punished in the sell-off," UBS' theme team wrote in a note. "We have identified companies that have still-strong fundamentals but have underperformed the S&P 500 (SP500) and now have more appealing valuations." "The average stock on our list is 15.5% lower than its 52-week-high, compared to the S&P 500's decline of just 6.5%. We believe these stocks are poised to rebound as equity market volatility subsides." Risks to the list included faster Fed tightening, volatility remaining elevated in the near term, a new COVID-19 variant and lower outlook for these companies if growth normalizes at a lower level. The stocks are: AECOM (NYSE:ACM) Analog Devices (NASDAQ:ADI) Costco (NASDAQ:COST) Salesforce.com (NYSE:CRM) Duke Realty (NYSE:DRE) DexCom (NASDAQ:DXCM)

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UBS debuts tactical screen for selloff opportunities, cuts Meta off two lists