The S&P has hit four-year highs, but UBS analyst Jonathan Golub argues the rally is just in...

|By:, SA News Editor

The S&P has hit four-year highs, but UBS analyst Jonathan Golub argues the rally is just in its infancy. His new end-of-year S&P target is 1,475, up from 1,325, citing at least four emerging trends which should support stronger corporate profits: better U.S. economic data, less severe results in Europe, higher oil prices ("a positive at current levels"), reduced financial sector stress.