Chinese Stocks in Hong Kong Resume Rally as Travel Data in Focus [BNN Bloomberg (Canada)]
BlackRock, Inc. (BLK)
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Source: BNN Bloomberg
The Hang Seng China Enterprises Index climbed as much as 2.8% on Friday. The gauge closed down 1.6% in the previous session following a 13-day winning streak but is up more than 35% from a September low. Mainland Chinese markets remain closed through Monday for the Golden Week holidays. Beijing's stimulus package has unleashed a wave of buying since last week, with traders now assessing the sustainability of the fastest pace of gains since November 2008. Strategists at BlackRock Inc. are among those who have turned bullish on the once beaten-down market, while some others want to see details of fiscal stimulus and data on holiday spending for further confidence. “The change in the direction and mindset of authorities to me is really important,” but we are looking forward to how consumers have reacted in the Golden Week holiday, and how the government follows up on fiscal support, Tai Hui, APAC chief market strategist at JPMorgan Asset Management, said in a Bloomberg TV interview.
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News
- BlackRock, Inc. (NYSE: BLK) had its price target raised by analysts at Evercore ISI from $945.00 to $995.00. They now have an "outperform" rating on the stock.MarketBeat
- BlackRock, Inc. (NYSE: BLK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Chinese Stocks in Hong Kong Resume Rally as Travel Data in Focus [Yahoo! Finance]Yahoo! Finance
- Q4 2024 Global Outlook Update [Seeking Alpha]Seeking Alpha
- BlackRock, Inc. (NYSE: BLK) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $960.00 to $1,040.00. They now have a "buy" rating on the stock.MarketBeat
BLK
Earnings
- 7/15/24 - Beat
BLK
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- BLK's page on the SEC website