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BlackRock Upgrades US Equities to Overweight on Strong Earnings Outlook & Limited Impact from Oil Price Surges
BlackRock Investment Institute has upgraded its rating on US equities from Neutral to Overweight, citing strong corporate earnings expectations, particularly in the technology sect...
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BlackRock Upgrades US Equities to Overweight on Strong Earnings Outlook & Limited Impact from Oil Price Surges
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BlackRock Investment Institute has upgraded its rating on US equities from Neutral to Overweight, citing strong corporate earnings expectations, particularly in the technology sector, and limited damage to global economic growth from risks stemming from oil price surges.

Jean Boivin, BlackRock's Global Head of Research, said the valuation premium of technology stocks has eroded, but earnings growth expectations for the sector this year have risen to 43% from 26% last year, part of the reason behind this rating upgrade.

Related NewsBuilding Permits MoM Prel for Apr in the United States is 5.8%, higher than the previous value of -11.5%.

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