Latest news with #assetmanagement
Yahoo
10 hours ago
- Business
- Yahoo
Jim Cramer on BlackRock Stock: 'It Was a Charnel House'
BlackRock, Inc. (NYSE:BLK) is one of the stocks Jim Cramer weighed in on. Cramer discussed the stock in detail during the episode, as he said: 'Oh, then BlackRock comes out. Now I've championed BlackRock since $600, but it's what have you done for me lately game. I hear it was at $1,111. I look at the headlines, and they seem solid, but there's a seemingly disappointing line about inflows… When I saw the stock up 20, I knew whoever was excited about how BlackRock beat the quarter was a dead man walking. Why? Well, because this is an inflow story, and those moronic quick draws would lose money, but I had no idea they'd lose almost 90 points. A professional asset manager making an investment decision at their office. BlackRock (NYSE:BLK) is an investment firm that manages money for individuals, companies, and governments through a number of funds and financial products. It provides services like risk management and helps clients invest in stocks, bonds, real estate, and other markets around the world. While we acknowledge the potential of BLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Forbes
18 hours ago
- Business
- Forbes
These 5 S&P 500 Stocks Show New Highs On Declining Relative Strength
S&P 500, Blackrock The S&P 500 on Friday hit another new high – it was brief as sellers showed up and the index closed lower by .01%. July has been a month of new highs. It's also been a month of a declining relative strength indicator. This negative divergence between price and a key indicator might be a problem. The RSI, as it's known to price chart analysts, is a momentum oscillator. Developed by technical analyst J. Welles Wilder, Junior in the 70s, his work on the subject was first published in the book 'New Concepts In Technical Trading Systems.' Forbes in 1980 called him 'the premier technical trader publishing his work today.' The issue is not just with the S&P 500. Big, well-known names within the index are also showing weakening relative strength per Wilder's oscillator. 5 S&P 500 Stocks With Weakening RSI S&P 500: S&P 500 daily price chart, 7 19 25. The red-dotted lines show the negative divergence between the direction of price and the direction of the RSI momentum oscillator. Blackrock: Blackrock daily price chart, 7 19 25. The big asset management firm hit a new high Friday and the relative strength indicator failed to confirm the move by coming in lower than it's earlier July reading. The stock retreated from the higher price high during the session and closed lower by .16%. Blackrock is market capitalized at $170.97 billion. Genius Sports Limited: Genius Sports Limited daily price chart, 7 19 25. The price just hit a new high. The relative strength indicator peaked in November 2024 and did not accompany the stock on to a higher high on Friday. You can see how the 50-day moving average no longer trends upward. Genius Sports Limited has a market cap of $2.89 billion and it's a member of the Russell 2000 small caps ETF. MMM: MMM daily price chart, 7 19 25. The relative strength indicator peaked in January and is now lower even as the stock's price is hitting a new high. Friday's volume is extraordinary. The candlestick is a bearish engulfing: the high is higher than the previous session and the low is lower than the previous session. MMM has a market cap of $82.47 billion. Raytheon Technologies: Raytheon Technologies daily price chart, 7 19 25. The aerospace and defense company with a market cap of $202 billion has a negative divergence on its daily price chart. The stock just hit a new high and, at the same time, the relative strength indicator could not make it above its mid-June reading. Note that July volume levels are subdued compared to earlier months. Charles Schwab: Charles Schwab daily price chart, 7 19 25. The RSI peak came in mid-May and the measure is now lower as the stock itself makes a new high on decent buying volume. Schwab remains in an uptrend as indicated by the direction of the 50-day and the 200-day moving averages. Market cap for the capital markets firm is $174 billion. The RSI is only one indicator of momentum and should be seen in the context of other price indicators. Stats courtesy of Charts courtesy of No artificial intelligence was used in the writing of this post. More analysis and commentary at
Yahoo
a day ago
- Business
- Yahoo
BlackRock, Inc. (BLK) 'Had Been The Hottest Coming Into The Quarter,' Says Jim Cramer
We recently published . BlackRock, Inc. (NYSE:BLK) is one of the stocks Jim Cramer recently discussed. BlackRock, Inc. (NYSE:BLK) is one of the biggest asset management firms in the world. The firm's shares dipped by 5.9% on Tuesday after its worst earnings day in a decade, which initially saw the shares fall by 7%. BlackRock, Inc. (NYSE:BLK)'s stock was hit despite the fact that its second quarter AUM sat at a new record of $12.5 trillion. Investors fled after the firm disclosed a $52 billion withdrawal from an Asian client that led to BlackRock, Inc. (NYSE:BLK)'s long-term net inflows dropping to $46 billion for a 9.8% annual drop. Cramer discussed the withdrawal and the firm's earnings results: 'By the way, Blackrock had some episodic, an episodic pullout of some money. Yeah it was a revenue miss but I do point out that, when I look at the thing. Look, flows were softer than they expected, driven by one big redemption. Mix of flows skews towards higher rates which drives organic basic fee. In other words, the money they have coming in, they're making more money on. But the stock's, Blackrock had been the hottest coming into the quarter, for the last two weeks! It was up 25%. And so you have Blackrock everyone expecting a big quarter. And they gave an okay quarter.' A professional asset manager making an investment decision at their office. Earlier, the CNBC host called BlackRock, Inc. (NYSE:BLK) an 'exciting' story: 'Yet, you know what the most exciting story might be? I think it might be BlackRock. Yes, the stock that caught fire recently, even after many investors had lost faith in it. That never made sense to me. BlackRock's the largest asset repository in the world and has a new infrastructure component that I sure wish I could get a piece of, but it's only for 401Ks. I bet CEO Larry Fink will tell a very positive story, more than justifying the stock's recent breakout.' While we acknowledge the potential of BLK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
2 days ago
- Business
- Bloomberg
Invesco Wants to Break Open Its $355 Billion Piggy Bank
Welcome to ETF IQ, a weekly newsletter dedicated to the $14 trillion global ETF industry. I'm Bloomberg News reporter and anchor Katie Greifeld. It's one of the biggest ironies in asset management: famed tech fund QQQ is the most profitable product in the $11.7 trillion industry, yet Invesco Ltd. earns next to nothing for running it. Now, the firm is asking shareholders to change that.
Yahoo
2 days ago
- Business
- Yahoo
Charles Schwab profit surges on trading boom, asset growth
(Reuters) -U.S. brokerage firm Charles Schwab said on Friday its profit rose nearly 60% in the second quarter, driven by robust trading activity and increased asset management fees. Shares of Charles Schwab, which have gained nearly 26% in 2025, rose 2.5% in premarket trading. Market uncertainty from President Trump's broad tariff measures sparked heightened volatility earlier this year, driving investors to actively rebalance portfolios and boosting trading revenue at firms like Charles Schwab. Trading revenue at the company came in at $952 million in the second quarter compared to $777 million in the year earlier. A late-quarter market rebound not only lifted assets under management at brokerages but also enabled firms like Schwab to collect higher fees. The Westlake, Texas-based company's total client assets rose 14% to a record $10.76 trillion. Its asset management and administration fees, earned from managing mutual funds and exchange-traded funds, jumped 13.5% to $1.57 billion. Charles Schwab's net income came in at $2.13 billion, or $1.08 per share, for the three months ended June 30, compared with $1.33 billion, or 66 cents per share, in the year-ago quarter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data