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BlackRock ups U.S. stocks to overweight, bullish on tech

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BlackRock, the world's largest asset manager, has upgraded U.S. equities to 'overweight', turning bullish on quality large cap technology companies as well as small cap firms that tend to perform well during a cyclical upswing.

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018

The asset manager said it prefers the United States as it “boasts” a higher share of “quality” companies with strong balance sheets and free cash flow generation in the high-flying tech and healthcare sectors. “We prefer avoiding more structurally challenged cyclical exposures. We have downgraded European equities to underweight,” Mike Pyle, global chief investment strategist at the BlackRock Investment Institute, said in a note to clients.

 

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Let’s sling you back to the evilgiant(Mollach/devilHarris!

Bullish on tech.. they are about 5 years late

Did you that on behalf of the FED?

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