Financial Wire

BlackRock Raises Rating on US Stocks to Overweight From Neutral

-- BlackRock (BLK) raised its rating on US stocks to overweight from neutral, citing recent U.S.-Iran talks as evidence of economic incentives to end the conflict.

"We flagged two signposts to dial up risk-taking after the Middle East conflict led us to reduce risk and turn neutral on U.S. equities a few weeks ago," BlackRock said Monday in its weekly commentary report. "First: evidence of actions that could re-open shipping traffic in the Strait of Hormuz. Second: signs that any lingering macro impact is contained. We eye developments on both fronts. Plus, corporate earnings expectations are up even through the conflict, partly on the AI theme."

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