Stockchase Opinions

Chris Stuchberry Blackrock Inc. BLK-N HOLD Jan 24, 2025

Track record of stock performance has been excellent. Largest asset manager in the world. Does not see the asset base declining - will only grow. Very strong management team with good capital allocation skills. New products always being added to the mix. 

$1020.450

Stock price when the opinion was issued

Financial Services
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BUY

A fundamental part of his portfolio. The stock is resting. Usually, it has a big move, then rests, big move, rests. Long term, the growth rate is fabulous.

BUY ON WEAKNESS

Is down because Vanguard cut its fees. He picked up some shares on today's sell-off.

STRONG BUY

It's been a dog, doing nothing and trying to crack into infrastructure. Trump wants the Panama Canal back. Blackrock bought it, which could become an amazing return. But shares are still -5.56% this year. Ridiculous.

DON'T BUY

Great execution, but always on the expensive side. Nothing wrong with the company, but doesn't tick all the boxes for a value manager like himself.

BUY

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

DON'T BUY

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.

WATCH

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.

BUY

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.

BUY

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.