BlackRock is suddenly a lot more bullish on US stocks with tax cuts ‘supercharging’ corporate profits

BlackRock strategists have turned increasingly bullish on U.S. stocks, raising them to overweight because fiscal stimulus is “supercharging U.S. earnings growth expectations.” Kate Moore, BlackRock’s chief equity strategist, said that the firm thinks “the fundamental story is the best it’s been, which is surprising given how far we are into this cycle.” Even though the […]

Asian stocks slip after European surge fades, dollar extends bounce

Asian stocks slipped on Tuesday, their recent recovery stalling after European equities broke a winning streak, while the dollar edged further away from three-year lows. Spreadbetters expected a mixed start for European stocks, with Britain’s FTSE seen rising 0.1 percent, Germany’s DAX dropping 0.1 percent and France’s CAC dipping 0.07 percent. MSCI’s broadest index of […]

Stock market extends weekly loss by 1.13%

Following sustained profit takings, the NSE All-Share Index and market capitalization depreciated by 1.13 per cent to close last week at 42,638.83 and N15.302 trillion respectively. Similarly, all other indices finished lower last week with the exception of the NSE Pension Index that appreciated by 0.08 per cent, while the NSE ASeM Index closed flat. […]

Dems hit stock buybacks in tax law fight

Democrats are emphasizing companies’ stock buybacks to help make their case against the GOP tax law ahead of the midterm elections. The law is becoming more popular with the public and companies are touting employee bonuses, putting Democrats in a tough spot. That’s led them to highlight stock repurchasing announcements, which they say show the […]