AMD, Nike, Zillow among UBS stock picks with the 'highest conviction' for 2023

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AMD, Nike, Zillow among UBS stock picks with the 'highest conviction' for 2023
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UBS analysts are out with their 2023 stock picks, which include chipmaker Advanced Micro Devices, retailer Target, and footwear powerhouse Nike. Others among the top 23 bullish picks include Allstate, Charles Schwab, Gitlab, and Yum! Brands.

‘Tis the season for 2023 stock picks, and UBS analysts are out with their favorites, which include chipmaker Advanced Micro Devices Inc., retailer Target Corp., and footwear powerhouse Nike Inc.

“We’ve focused on stocks where we believe our analysts have a differentiated view vs. consensus, and where we have interesting or proprietary data source,” UBS strategist Keith Parker wrote in a note to clients highlighting the top picks. The names on UBS’s list represent the “highest conviction” calls, the note stated.

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