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HSBC upgraded its stance on U.S.
HSBC upgraded U.S. equities to 'overweight' due to strong earnings momentum and easing geopolitical risks.
KEY POINTS
- HSBC downgraded Europe ex-UK equities to 'neutral,' citing weak activity and vulnerability to higher energy prices.
- 84% of U.S. companies reporting Q1 earnings so far have beaten expectations by an average of 12%.
- Announced S&P 500 buybacks have reached $430 billion year-to-date, up 20% from last year.
- HSBC upgraded global Basic Materials to 'overweight' and downgraded global health care and industrials to 'neutral.'
COMPANIES
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