What to buy now with the market at all-time highs, according to UBS

Stocks may be trading near all-time highs, but UBS said that meaningful opportunities still exist in the market, including Broadcom and Accenture . Hopes of easing geopolitical tensions, alongside a strong earnings season, have propelled stocks to multiple new record highs this year. A technology-driven rally pushed both the S & P 500 and Nasdaq Composite to new intraday and closing highs on Tuesday. But even with stocks at these high levels, UBS believes that investors can find buying opportunities if they know the right places to look. In a Tuesday note, the bank suggested two baskets for investors to consider: stocks with inflecting fundamentals and quality laggards. Stocks within the first category are improving their cash flow return on investment, or CFROI, at a higher rate than peers, while also offering strong momentum profiles. "This screen is refined further to exclude the most expensive companies on the valuation relative to peers and history factors," wrote a team led by UBS HOLT sector specialist John Talbott. "Investors seeking opportunities with accelerating returns on capital and robust business momentum will find this screen particularly compelling." Select names from the basket are shown below: One stock on the list was Broadcom, up 22% this year. The semiconductor manufacturer has a forecast cash flow return on investment at 77.1%, UBS found. …