22 March 2020
COVID-19 update: News from sectors and stocks – oil related
In the Eurozone sector allocation, we are overweight utilities and industrials. We are underweight communication services and materials.
After the slump in oil prices, UBS answers the most urgent questions on the most impacted sectors: energy, chemicals, utilities, and transport.
UBS recommends: 1) selectivity among stocks within these sectors, 2) picking stocks with defensive qualities, resilient earnings and sustainable dividends, and 3) stocks that have been oversold. Please check our UBS EQ Radar for topical ideas.