BLK – 24/7 Wall St.

Posts for Ticker ‘BLK’

Media Digest 11/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: The Ohio Attorney General is suing a number of Wall St. firms.

Reuters: GM will start to repay part of its debt to the US.

Reuters: Citigroup (NYSE:C) will sell Bellsystem to Bain.

Reuters: Japan’s GDP numbers were leaked. Read More »

Posted on: November 16, 2009 – 4:00 am in Press Digest, BLK, BMY, C, CMCSA, GE, GOOG, LVS, PALM, UBS, WPO

Media Digest 10/12/2009

Reuters: E-mails and the credit crisis will be key to the trial of Bear Stearns workers.

Reuters: The approval process for Tengzhong to buy Hummer has started in China.

Reuters: Philips Electronics (NYSE:PHG) beat expectations.

Reuters: Liz Claiborne’s (NYSE:LIZ) decision to sell its brands at J C Penny (NYSE:JCP) should help both companies. Read More »

Posted on: October 12, 2009 – 4:03 am in Press Digest, ADBA, AIG, BAC, BLK, C, CMCSA, DIS, GOOG, IBM, JCP, KBH, LAZ, LIZ, MSFT, MVL, NWS, OMTR, PHG, WFC, XOM

Media Digest 10/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: GM says most of its cost cutting is done and its sales chief left.

Reuters: Spot gold hit a record above $1,050.

Reuters: The Senate healthcare bill weighs in at $829 billion.

Reuters: Dell (NASDAQ:DELL) plans its first smartphone to be launched with AT&T (NYSE:T) using the Google (NASDAQ:GOOG) Android OS Read More »

Posted on: October 8, 2009 – 3:59 am in Press Digest, AA, AAPL, BAC, BLK, C, CS, DB, DELL, EBAY, F, GOOG, HBC, IBM, LYV, MS, MSFT, QCOM, SBUX, T, TKTM

24/7 Wall St. TV: $10 Trillion In Baby Boomer Cash

Baby boomers control $10 trillion in assets. A great deal if not most of that money has been invested in the stock market as this part of the population attempted in increase the size of retirement nest-eggs by riding the great bull market as the DJIA rose from 2,000 after the 1987 crash to 14,000 less than two years ago.

Money management firm Blackrock (NYSE:BLK) says that much of this huge pool of capital will now move into much safer investments as the people born in the late 1940s and 1950s retire. Read More »

Posted on: October 7, 2009 – 8:00 am in Exchange, TV, AAPL, BLK, CSCO, GOOG, INTC, ORCL

Baby Boomers, $10 Trillion In Hand, Could Kill The Stock Market

Baby boomers control $10 trillion in assets. A great deal if not most of that money has been invested in the stock market as this part of the population attempted in increase the size of their retirement nest-eggs by riding the great bull market as the DJIA rose from 2,000 after the 1987 crash to 14,000 less than two years ago.

Money management firm Blackrock (NYSE:BLK) says that much of this huge pool of capital will now move into much safer investments as the people born in the late 1940s and 1950s retire. Read More »

Posted on: October 6, 2009 – 7:03 pm in Index, AAPL, BLK, CSCO, GOOG, INTC, ORCL

Today’s Best Market Rumors (10/1/2009) (GE)(NKE)(BAC)(CSCO)

Updated throughout the day.

Update: RADVision (RVSN) is trading down over 33% on rumors that the Cisco (CSCO) buyout of Tandberg will cost it nearly 40% of its revenue. (Morgan Keegan)

Update: Friday’s unemployment numbers will be bogus (RealClearMarkets)

GE (GE) may or may not be talking to Comcast (CMCSA) about buying all or part of NBC Universal. Time Warner (TWX) was also identified as a potential bidder. (FT)

Inside candidates at Bank of America (BAC) may be out of luck if they hope to get the job of departing CEO Ken Lewis. Larry Fink, the head of Blackrock (BLK), and former Merrill Lynch President Greg Fleming may be in the running. (NYPost)

Hershey (HSY) will not make a bid for Cadbury (CBY) (WSJ)

Baxter International (BAX) may be the next buyout target in pharma. (The Deal).

Collins Stewart analyst Sandeep Aggarwal thinks a number of private internet companies will go public or be bought including Digg, Twitter, Facebook, LinkedIn, Glam, Zillow, eHarmony, and Yelp (Barron’s)

AOL’s (TWX) advertising business is losing money on an EBITDA basis. (Clusterstock)

CIT (CIT) is about to offer a massive debt exchange offer to its bondholders. (NYTimes)

Disgraced football player and dog fight lover Michael Vick may be re-signing with Nike (NKE) (CNBC) Update: Nike denies the rumor.

Douglas A. McIntyre

Posted on: October 1, 2009 – 9:13 am in Rumors, BAC, BAX, BHY, BLK, CBY, CMCSA, CSCO, GE, NKE, RVSN, TWX

52-Week High Club

BlackRock Inc. (NYSE: BLK) hits a yearly high of $220.17 on analyst upgrade from Deutsche Securities. Most other asset managers saw declines today.

Greenhill & Co. (NYSE: GHL) hit a yearly high of $87.02 , likely on recently optimism concerning a pick up in M&A activity. Goldman Sach (NYSE: GS) also hit a new yearly high.

Apple (NASDAQ: AAPL) hits a yearly high of $188.90 , potentially on news that regulators may change accounting rules in a away that will raise tech profits.

Garrett W. McIntyre

Posted on: September 23, 2009 – 4:16 pm in Analyst Calls, Brokerage Firms, Financial Stocks, Technology Companies, AAPL, BLK, GHL, GS

Top Analyst Upgrades (BLK, KMX, CTL, INET, LOW, STX, LUV, WWWW)

These are the top pre-market early bird analyst upgrades and positive research calls seen from Wall Street early this Wednesday morning:

Blackrock (BLK) upgraded to Buy at Deutsche Bank.
CarMax (KMX) upgraded to Neutral at Goldman Sachs.
CenturyTel (CTL) upgraded to Overweight at Morgan Stanley.
Internet Brands (INET) Started as Buy at Canaccord.
Lowe’s (LOW) upgraded to Outperform at FBR.
Seagate (STX) upgraded to Buy at Deutsche Bank; upgraded to Overweight at Thomas Weisel.
Soutwest Air (LUV) Raised to Buy at Argus.
Web.com (WWWW) upgraded to Outperform at FBR Capital.

JON C. OGG

Posted on: September 23, 2009 – 8:06 am in Analyst Calls, BLK, CTL, INET, KMX, LOW, LUV, STX, WWWW

Media Digest 7/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: A tech alliance between China and Taiwas is hurting Korea.

Reuters: Spple (AAPL) easily beat forecasts.

Reuters: CIT (CIT) still faces a number of financial challenges.

Reuters: Yahoo!’s (YHOO) outlook was below expectations.

Reuters: Bernanke says unemployment could hurt the recovery. Read More »

Posted on: July 22, 2009 – 2:59 am in Press Digest, AAPL, BLK, CAL, CIT, CSCO, FRE, GOOG, HPQ, IBM, JNPR, KO, LUV, MSFT, PG, UAUA, WFC, WYNN, YHOO

Media Digest 7/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: The promise of mobile TV is being destroyed by smartphone use of software applications.

Reuters: More attacks on websites in the West are expected and North Korea is suspected.

Reuters: China has arrested Rio Tinto (RTP) employees.

Reuters: The age of the media mogul may be over. Read More »

Posted on: July 9, 2009 – 3:07 am in Press Digest, AA, AIG, BAC, BBY, BLK, C, EMC, GOOG, JPM, LVS, MET, MSFT, PRU, RTP, TIVO, TM, UBS

California Muni Bond Funds Defy Hangman (AB, BLK, EV, MS, AKP, BCK, RAA, BFZ, BCL, BJZ, MUC, CEV, EVM, CCA, IIC, IQC, ICS, NUC, NVX, NAC, NZH, NXC, PZC, PCK)

It seems that even the Governator is having a hard time saving California, and many are blaming him for the state’s ballooning budget deficit. The company is facing billions in deficits and the headlines around the web put the state only weeks away from a financial meltdown. The state entered another moratorium for foreclosures, yet ask anyone from outside of the state if they think property has yet to get dirt cheap there. There are probably 20 or so single-state closed-end municipal bond funds that investors own. These come from AllianceBernstein Holding L.P. (NYSE: AB), BlackRock, Inc. (NYSE: BLK), Eaton Vance Corp. (NYSE: EV), Morgan Stanley (NYSE: MS), Nuveen, and PIMCO. Interestingly enough, most of these municipal bond funds are up on the day. This is also not the full list in the entirety of the California single-state muni funds and does not include the open-ended funds:
Read More »

Posted on: June 16, 2009 – 12:00 pm in Bonds, Dividend, Mutual Funds, Politics, AB, AKP, BCK, BCL, BFZ, BJZ, BLK, CCA, CEV, EV, EVM, ICS, IIC, IQC, MS, MUC, NAC, NUC, NVX, NXC, NZH, PCK, PZC, RAA

Media Digest 6/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: The US outlined new financial market reforms.

Reuters: Obama lobbied MDs on his new healthcare package.

Reuters: Russia hosted the first BRIC summit.

Reuters: B of A’s (BAC) BlackRock (BLK) stake is more appealing.

Reuters: Samsung and Nokia (NOK) are pushing into smartphones. (MOT)(AAPL)(RIMM). Read More »

Posted on: June 16, 2009 – 3:01 am in Autos, Banking, Drug companies, Healthcare, Housing, Labor & Unions, Management Change, Media, PC Companies, Pharmaceuticals, Press Digest, Technology, AAPL, ADBE, AIG, AMR, BA, BAC, BLK, C, CAL, DAL, EMC, F, FRE, GE, GS, GSK, HD, HD LOW, HIG, HOV, JPM, LCC, LNC, LOW, LUV, MOT, MS, MSFT, NOK, NTAP, NWS, NYT, PRU, RIMM, UAUA, UBS, WFC

BlackRock (BLK) Buys Barclays (BCS) Unit: Money Still Available For Sterling Deals

BlackRock (BLK), the top-tier money management firm, showed that large M&A transactions can be closed, even in a tight economy, if the buyer has a sterling reputation and long-term record of significant success.

Barclays (BCS) put its investment unit up for sale, and Blackrock bought it for $13.5 billion. Read More »

Posted on: June 12, 2009 – 4:36 am in Mergers and Buy Outs, BCS, BLK

Media Digest 6/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion

Reuters: WHO declared a flu epidemic

Reuters: Congress bash Fed, Treasury, and B of A (BAC) on Merrill

Reuters: US is near tighter control of tobacco by FDA.

Reuters: New research shows mortgage delinquencies have bottomed

Reuters: World Bank sees a steeper global economy contraction. Read More »

Posted on: June 12, 2009 – 2:53 am in Airlines, Autos, Banking, China, Consumer Electronics, Defense, Drug companies, Economy, Financial Stocks, Housing, Internet, Management Change, Media, Mergers and Buy Outs, Oil & Gas, PC Companies, Pharmaceuticals, Press Digest, Technology, Wireless, AIG, AMR, BAC, BCS, BHP, BLK, CAL, DAL, DELL, EBAY, GSK, LCC, LUV, MSFT, NOC, RTP, TWX, UAUA, XOM, YHOO

Media Digest 6/11/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: Fiat closed its deal for control of Chrysler.

Reuters: California may be hit by an economic “meltdown.”

Reuters: May foreclosures were third highest month ever recorded.

Reuters: The US named a “pay czar” to track financial compensation.

Reuters: May retail sales are forecast to be up .5% due to gas.

Reuters: The US may crack down on derivatives trading. Read More »

Posted on: June 11, 2009 – 2:59 am in Autos, Banking, Consumer Electronics, Financial Stocks, Housing, Management Change, Oil & Gas, Press Digest, Technology Companies, Turnarounds, Wireless, AIG, BAC, BLK, BP, C, COP, CVX, DELL, GE, HD, LVLT, NWS, NYT, PALM, PG, S, VLO, XOM

Media Digest 6/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: 3D is bringing a new dimension to the computer world.

Reuters: The Supreme Court was asked to block Chrysler sale.

Reuters: China bankers called for US sales of yuan bonds.

Reuters: IATA says global airline losses will hit $9 billion.

Reuters: Soros says China influence growing faster than expected.

Posted on: June 8, 2009 – 3:00 am in Airlines, Autos, Banking, China, Emerging Markets, Internet, Oil & Gas, PC Companies, Politics, Press Digest, Retail, Turnarounds, Wireless, AAPL, AMR, BCS, BLK, C, DAL, F, PALM, UAUA

Ken Lewis Gets Backing of Shareholder Activist Evelyn Davis (BAC, BLK)

Bank of America Corporation (NYSE: BAC) just started out its annual shareholder meeting with a traditional introduction from CEO Ken Lewis. It is no shock that he is under fire today, and we have reported many times that his job as Chairman has been under attack. We have been listening to this webcast and there was a strange development that may actually help Lewis keep his job. Shareholder activist Evelyn Davis, who said she has been a holder for 26 years, said that while she does have questions for the company, she gave full confidence and full support to CEO Ken Lewis at shareholder meeting. She even said she was essentially shocked about the “Johnny Come-Latelies” who have showed up at the 11th hour to challenge management. Evelyn Davis also said she was voting for all 18 board members today. She even went on to attack Larry Finl, COE of BlackRock, Inc. (NYSE: BLK) for merely being an opportunist who just wants the job on a part-time basis.

Posted on: April 29, 2009 – 9:29 am in Activist Investor, Banking, Financial Stocks, Insider Activity, Management Change, BAC, BLK

Merging The Mutual Fund Companies: Janus (JNS) And Alliance Bernstein (AB) Will Be Sold

Being in the mutual fund and institutional money management business is almost as bad as being in commercial banking. Several companies in the industry have lost half of their assets between redemptions and the falling value of portfolios which have dropped with the market.

If the market continues to fall some of the public companies in the fund business will begin to lose large amounts of money. Their portfolio management, back office, marketing, trading, and administration costs can only be chopped by so much.

Based on their share prices, two fund companies are doing much worse than their peers. Shares in Alliance Bernstein (AB) and Janus (JNS) are trading off almost 70% over the last year.

Posted on: January 14, 2009 – 3:02 pm in Financial Stocks, AB, BEN, BLK, JNS, TROW

The Fed Wises Up, Buys Mortgage-Backed Securities (BLK)(GS)

The Fed will step into the market next year and buy mortgage-backed securities with a vengeance. It has finally dawned on the agency that cutting rates and providing banks with low-cost emergency funds is not moving the economy away from the credit crisis.

None of the Fed’s plans have worked so far because the prices of houses are still falling rapidly. S&P Case-Shiller yesterday reported that home values dropped 18% in October. In other words, the government has done nothing to stop the destruction of the value of residences.

Posted on: December 31, 2008 – 5:22 am in Financial Stocks, BLK, GS

Pre-Market Analyst Upgrades & Downgrades (ADSK, CVA, SFD, MMM, ATU, BLK, CBEY, ITW, RFMD, ROP, UPS)

These are some of the top pre-market analyst upgrades and downgrades we are seeing this Tuesday morning:

AutoDesk (ADSK) Started as Buy at KeyBanc.
Covanta (CVA) Started as Buy at Jefferies.
Smithfield Foods (SFD) Raised to Buy at Deutsche Bank.
3M (MMM) Cut to Underweight at Barclays.
Actuant (ATU) Cut to Neutral at Baird.
BlackRock (BLK) Cut to Market Perform at Wachovia.
Cbeyond (CBEY) Cut to Underperform at Jefferies.
Illinois Tool Works (ITW) Cut to Underweight at Barclays.
RF Micro Devices (RFMD) Cut to Neutral at UBS.
Roper (ROP) Cut to Hold at Citigroup.
UPS (UPS) Cut to Neutral at JPMorgan.

Jon C. Ogg
December 9, 2008

Posted on: December 9, 2008 – 7:40 am in Analyst Calls, ADSK, ATU, BLK, CBEY, CVA, ITW, MMM, RFMD, ROP, SFD, UPS

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