U.S. Day Ahead: BlackRock's Fink to bet big on stocks
Tuesday, April 17, 2012 - 02:28
April 17 - Expect BlackRock's CEO Larry Fink to push for more bets on stocks when the company reports its first-quarter results Wednesday morning according to Reuters Correspondent Aaron Pressman.
▲ Hide Transcript
▶ View Transcript
This stock market's stellar first quarter of black rock tells investors how much it could cash in. The world's largest money managers expect to see earnings of over three bucks a share up from a year ago its bottom line should get a boost. From aggressive cost cutting and -- EPS growth Reuters correspondent Aaron Pressman says black -- needs to address one big question. CEO Larry they do next with the company's three trillion dollars worth of assets. Investors look to follow Larry I think advice he is very outspoken just a few weeks ago in the market was -- he was saying investors have a 100% in stocks not bonds. Other market has hit some volatility since then but I think he's likely to stay with that message he's been saying that for many months and thinks that bonds look aerial valley. And there are more first results from financials to digest before the bell we'll hear from via Blind -- and PNC financial services. Express reports after the close next is out. According to start -- it has a high chance of meeting its earnings estimates by -- that. He indication of how the Nat gas glut is impacting drilling industry with Halliburton reports before the bell. With prices. Is nearing its -- many numbers are moving to more lucrative. -- sources. Analysts are concerned that disruption in supply chain could hit service companies like Halliburton. Correspondent Reagan -- -- that it's likely to survive. Halliburton is expected to report a rise in earnings internal assessments looking for by 85 cents per share. Because of its size in the North American market the general feeling is that they will weather this better than others they have enough sort of services they provide apart from pressure pumping and hydraulic fracturing and those things. And the rest of earnings will be dominated by medical industrials tech and retail on the radar Abbott lab saint Jude medical and Textron before the bell. Textron is the first manufacturer out of the gate after the close watch out for today and Yum! Brands. Finally you might wanna see if you have any long lost relatives in the southern Illinois farming town of red bud. That's home to one of the three winners of those records 656. Million dollar Mega Millions lottery. According to officials he or she will be identified Wednesday the other two winners in Kansas apparently opted to remain anonymous. I'm Rhonda schaffler this is writers.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code