UBS names over 10 global stocks to play right now

Europe is set for a “weak stagnation” that will dampen the market, but several sectors and stocks stand out to UBS as good plays this year as growth stabilizes and inflation slows. The Swiss investment bank expects Europe’s growth to stabilize at 0.6% this year, a conservative estimate compared with the 1.2% growth rate penciled by the International Monetary Fund. “Our macro outlook for Europe is for a weak stagnation that takes European equities modestly lower but delivers another year of actionable divergences between sectors and stocks,” UBS analysts led by Gerry Fowler wrote in a Jan. 19 note. They…