BlackRock Institutional Clients division is now managing a record $3.3 trillion—about 56% of the company’s total AUM as of September 30, 2017.
BlackRock’s (BLK) iShares grew stronger in 3Q17 on new flows, performance, and rising broad markets.
BlackRock’s (BLK) Retail division has added long-term flows toward active asset management over the past couple of quarters.
BlackRock, the world’s largest asset manager, posted 3Q17 EPS (earnings per share) of $5.92—higher than the estimates of $5.56 and its prior year EPS of $5.14.
PayPal Holdings was one of the S&P 500’s top gainers on Wednesday. It opened higher on October 11, 2017, and rose to record high price levels.
Nucor was the S&P 500’s top gainer on October 11, 2017. Nucor rose 3.6% and closed the day at $57.34—the highest close in two months.
On October 11, the S&P 500 opened the day with improved sentiment and rose to new record highs. The CBOE Volatility Index fell 2.3% to 9.85 on October 11.
After gaining for four consecutive trading weeks, the US Dollar Index started this week on a weaker note.
Following a three-week-long rally, the United Kingdom’s FTSE 100 Index started this week stable. The market opened higher on Wednesday, October 11, 2017, trading near record-high levels.
Following the week-long holidays, China’s markets started this week on a stronger note. Amid improved market sentiment, China’s Shanghai Composite Index moved higher today.
Skyworks Solutions has risen 39.8% on a year-to-date basis as of October 10, 2017. Over the past year, the stock has risen 30.2%.
On a year-to-date basis, Advanced Micro Devices has risen 20.8% as of October 10, 2017. Over the past year, the stock has risen nearly 100%.
BAC raised Inphi’s current target price to $46, which is an 18.0% upside from the closing price on Monday, October 9, 2017.
According to BAC, Broadcom has the potential to provide strong earnings growth in the near future. It’s trading at a lower forward PE multiple than the semiconductor industry.
A Bank of America Merrill Lynch (BAC) research team recently shared its ideas on semiconductor stocks and its optimism for their future performances.
Given the good economic data, loose credit conditions, benign inflation data, and investor sentiment, we think the risks of the Fed blowing an asset bubble are above average.
Tax cuts could result in higher cash flow generation for corporates. Corporates could reduce their debt exposure or scale up their operating capabilities.
Tax rate cuts could help banks substantially at least in the short to medium term. Rate cuts would help corporates generate higher cash flows.
ETF inflows bounced back to a level that hasn’t been seen since June. Around $12 billion worth of inflows were added in ETFs last week.
The stock markets have been continually making record highs. The S&P 500 (SPX-INDEX) (SPY) posted its sixth straight all-time closing high last week.