The Monthly Gems by Allan TongBlackrock Inc.BLKTOP PICKNov 01, 2022

The private equity sector has been hit hard with concerns about software loans.  The war and potential for higher inflation have added to investors' concerns. Company-specific, BLK recently halted redemptions on one of its funds, and this caused more angst.  We would HOLD.  Recent news was not great but sentiment is so low any good news would move the stock up. In addition, market volatility can create opportunities. This is not its first crisis. Unlock Premium - Try 5i Free

No question--investor are taking their money out now and will continue then the gates will be put up. Not pleasant, but that will happen.

It reports Thursday and numbers should be good. But in a time when banks are are reporting super quarters, that may not be good enough for BLK in comparison. Stocks in the same sector compete for investor dollars.

One of her two choices in the space. Consistent capital flexibility, less sensitive to economic cycle.

Hats off to how its built the business in terms of diversification. Great asset-gathering business. Very well managed. Probably another 10-20 years as the behemoth it is today.

World's biggest asset manager. A play on the markets. Though negative on the year, a great long-term hold. You're basically buying everything in the world. Share prices tend to be higher beta, but provides great opportunities.

Wonderful proxy for the market. Well managed. You can do as well as the market does, but also gather some alpha because the managers are so good.

Private equity and regional banks are in the news, as there have been some defaults. As the economic cycle matures, people are worried that this is going to be a classic credit problem. His guess is that it's fairly well covered, but you'll need to do some research.

The chart moved up in a straight line, but got hit too aggressively when it reported. Trades at only 23x PE. Offers tremendous growth with little risk.

Is surprised by today's market reaction to their earnings, -5.5%. Weakness in the quarter was due to losing a large client in that quarter, but they grew 10% in new money. Results were guite good.

Is down 3% this year but he is holding on. He thinks that if they tell a positive story at Thursday's analyst meeting, then shares will rise.

Wonderful company. Largest ETF player in the game. Markets will come back and grow, and BLK will grow along with them. Great long-term investment.

Right now, 15% withholding tax on US dividends; not on his list of worries that it will be negotiated higher under Trump. Out of his control.

Likes it as a long-term hold. It's sort of a proxy for the market. Good operator. Not cheap at 17x PE, which is the current market multiple. Stock's come down with the market.

It reports Friday. The CEO will explain what will happen, that we had a well-oiled economy with a pro-business president ready to take it to the moon, but instead we got a journey to the centre of the Earth.

It's doing very well and he likes the CEO, but it's an American stock. Trump has announced an edict (tariffs), which means stocks will go down.

A long-term position for him. He's betting on the CEO who is switching to a more lucrative model. Great technology.