Pardon the pun, but I’m going to “coin” a Bitcoin (BTC-USD) phrase right now. Since the “buy the rumor” and “sell the news” phases have already passed, it’s time for what I would call “buy the hangover.” In other words, my BTC-USD stock forecast calls for significantly higher prices now that the market is fearful about Bitcoin again.Of course, the “buy the rumor” phase occurred when traders started hinting that the Securities and Exchange Commission (SEC) was getting ready to approve one or more spot Bitcoi ...

The scale of the dividend cut on the way from Blackrock World Mining Trust (LSE:BRWM) may surprise investors, according to analysts at Stifel, who said the dividend yield will remain relatively high. In its normal course, the mining sector is volatile, the analysts noted, with BRWM's net asset value total return rising over 17% in 2022 before falling 6.2% in 2023. "The dividends paid by mining companies are variable and this impacts the dividend paid by BRWM," wrote analyst Iain Scouller in a note to client ...

BlackRock (BLK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings pi ...

With the launch of the new spot Bitcoin (BTC 0.00%) ETFs in January, there's now growing debate about just how much Bitcoin is prudent to hold in a well-diversified portfolio. Until this year, the consensus view had been that Bitcoin should account for only a tiny portion of your overall portfolio. As a general rule of thumb, 1% was the norm, and any percentage over 5% was considered ultra-aggressive.However, according to Cathie Wood of Ark Invest, the optimal Bitcoin portfolio allocation might actually be ...

The cryptocurrency market started 2024 on a high after a solid rally in 2023. A historic step in the crypto space was taken on Jan 10 when the U.S. Securities and Exchange Commission (SEC) gave approval to 11 spot Bitcoin (BTC) exchange-traded funds (ETFs).The decision is expected to change the entire ballgame as it will now allow retail investors, money managers and other financial institutions to trade Bitcoin without actually owning it.The SEC’s announcement saw Bitcoin, the world’s largest cryptocurrenc ...

NEW YORK, NEW YORK - JANUARY 11: Samara Cohen, Chief Investment Officer of ETF and Index Investments ... [+] at Blackrock, rings the opening bell as Bitcoin Spot ETF's are launched on the Nasdaq Exchange on January 11, 2024 in New York City. (Photo by Stephanie Keith/Getty Images)Getty ImagesBlackRock’s stock (NYSE: BLK) has gained roughly 11% since the beginning of 2023, as compared to the 27% rise in the S&P500 index over the same period. Further, at its current price of $789 per share, the stock is tradi ...

georgeclerk Written by Nick Ackerman. BlackRock, Inc. (NYSE:BLK) posted its latest quarterly results along with its full-year results as well. The company was able to exceed the bottom line estimates but came in line with the top line expectations. The company has a history of beating results, with 15 of the last 16 quarterly reports beating expected EPS. Revenue has been a bit more hit or miss - with some slight misses 3 out of the last 16 quarters. That said, perhaps analysts are just better at estima ...

NEW YORK--(BUSINESS WIRE)--BlackRock today announced two major developments supporting the growth and advancement of defined contribution (DC) advisors. First, BlackRock has appointed Carrie Schroen as Head of US DC Intermediary Business, a newly created role, effective January 15, joining the already established leadership team for the business. Schroen most recently served as a national sales manager within BlackRock’s U.S. Wealth Advisory team and brings more than 20 years of experience working with fin ...

BlackRock on Monday upgraded its overall outlook for U.S. stocks to overweight from neutral, as the world’s largest asset manager sees the S&P 500’s upward momentum continuing for the next six to 12 months amid cooling inflation and potential interest-rate cuts by the Federal Reserve. The stock market’s tech-driven rally, fueled by investor excitement over artificial intelligence, should “broaden out as inflation falls further, the Fed starts to cut rates, and the market sticks to its rosy macro outlook,” s ...

One of the largest and most well-known asset management stocks — BlackRock (BLK) — kicked off fourth-quarter earnings on Jan 12. In a challenging operating environment, BLK handily surpassed the Zacks Consensus Estimate. Higher revenues and assets under management (AUM) balance more than offset a rise in total expenses. In an effort to capitalize on an accelerating demand for infrastructure investment, it announced an agreement to acquire Global Infrastructure Partners for $3 billion in cash and around 12 m ...