The Stunning History of (BLK) BlackRock

BlackRock is a global investment management corporation founded in 1988. The company is headquartered in New York City and is one of the world’s largest asset managers, with over $7 trillion in assets under management.

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By Ethan Wrenn

The Stunning History of (BLK) BlackRock

BlackRock is a global investment management corporation founded in 1988. The company is headquartered in New York City and is one of the world’s largest asset managers, with over $7 trillion in assets under management.

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The company was founded by Larry Fink, Robert S. Kapito, Susan Wagner, and Barbara Novick. The four founders were former executives at the investment firm Blackstone, which they left to start their own company.

In its early years, BlackRock focused on providing asset management services to institutional investors. The company quickly grew and expanded its services, offering a range of investment products and services to a diverse group of clients.

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In 1994, BlackRock entered the public markets through an initial public offering (IPO). The company’s IPO was a success, and it quickly became one of the largest and most successful asset managers in the world.

In the late 1990s and early 2000s, BlackRock continued to grow and expand. The company entered new markets, such as the European and Asian markets, and acquired several other asset management firms, including State Street Research & Management, Merrill Lynch Investment Managers, and Barclays Global Investors. These acquisitions allowed BlackRock to expand its range of services and increase its assets under management.

In the years following the financial crisis of 2008, BlackRock faced several challenges. The crisis had a negative impact on the global economy, and many investors were hesitant to invest in the stock market. However, BlackRock was able to navigate these challenges and continue to grow. The company expanded its services and entered new markets, such as the emerging markets of China and India.

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Today, BlackRock is a leading global investment management corporation. The company has a diverse range of clients, including institutional investors, governments, and individual investors. BlackRock offers a wide range of investment products and services, including mutual funds, exchange-traded funds (ETFs), and alternative investment products.

Throughout its history, BlackRock has been committed to innovation and excellence. The company has a reputation for being a leader in the investment management industry, and it has been recognized for its expertise in several areas, including risk management and sustainable investing.

With a strong track record of growth and success, BlackRock is well-positioned to continue providing high-quality investment products and services to its clients for many years to come.

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(BLK) BlackRock, Inc. - Technical Analysis, LIVE Trading and Investing!! Nov 6, 2022

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I’m back I’m back the check uh
Yeezy Gap Balenciaga
hoodie
distressed denim
Supreme oh god oh
Supreme Yankees collab BOGO Gucci
glasses
earrings
how’s everyone doing today
so we’re going to be moving into
more future projecting uh content as of
right now so hope you guys are excited
we’re gonna be going through symbols
that were actually available in the
Discord we have been talking about them
over the past two three months easily so
definitely something to look into we’re
gonna get this started off right here
again my name is Ethan make sure to
check out my website ethanren.com for
now you can find links to all my various
socials we are currently live on YouTube
twitch and etheren.com right on the
front page it’s first time so make sure
you go check that out so let’s get where
we’re right into it without further ado
boom
again if you join the Discord we have a
bunch of different channels represented
by these colors here very easy to
understand we have bullish Investments
bearish investments just looking as well
as a bunch of other great resources such
as news alerts from all your favorite
Outlets which are automatically updated
every day
but right here in the bowl charts uh as
you can see
August 3rd
August 3rd we were talking about
BlackRock
as you can see clear
everything we look for is there let’s
start out by saying
macd very oversold this is typically a
bullish sign you want to be getting in
before all the volume starts to come
back and into these companies right RSI
was touching the bottom stipulate a
bullish indicator sentiment low good you
want to get in before the news you know
buy the rumor sell the news right
clear
um as you can see we have this weekly
180 moving average we are looking at the
weekly chart tends to act as a support
as you can see here
so let’s look at it in trading view what
do we got here
so BlackRock investment what do we like
about BlackRock well for first off they
offer a 2.9 7 dividend that’s really
good that’s right in that U.S national
average of roughly three percent right
so that’s perfect what are the
financials on BlackRock well
they manage money that’s what they do
they’re part of the XLF right so
needless to say they’re pretty good at
making money and keeping it in Q3 2021
they had a massive massive I cannot
stress that enough massive
31.28 profit margin and Q4 21 20 21 they
had a profit margin of again 31.67
profit margin in q1 2022 they had a
profit margin of 31.53 profit margin in
Q2 2022 they had a profit margin of
26.38 and in Q3 2022 they had a profit
margin of
31.35 so they consistently quarter after
quarter are pulling in roughly 30
percent return on an investment right
these are outstanding numbers these are
above average by in almost any sector in
almost any sector these are great
numbers uh some of the best the world
has to offer you might say as I’ve been
looking through
what else do we like about this company
well on a technical level you can see
they have this uh blue line which
represents the weekly 180 moving average
make sure you’re always looking up here
next to the symbol name which is BLK for
this this is a w it represents a week
this means every candle you’re seeing
here represents one week of time
so as you can see here this weekly 180
moving average has acted as a support
numerous times numerous times over the
years again this is not a new company
this is a company that has been around
for over a decade well well over two
decades right and with that over those
two decades the blue weekly 180 moving
average has basically acted as a support
and never failed and over 20 years
it’s really never failed it it sometimes
dips a little bit below as you can see
but it always comes right back and
returns stronger than ever setting those
new all-time highs and we’re expecting
it to happen again let’s look at the RSI
RSI currently oversold this is a good
thing you want to be buying low and
selling High when was the last time the
RSI was this low well March 2020 what
happened
the RSI was low it bounced and proceeded
to run
186 percent in a blue chip company
something we all know and love right
BlackRock the time before that the RSI
was as low as it as it is currently was
November
2018 from there it proceeded to run 51
percent the time before that right over
here we have
uh
September 21st 2015. it ran as much as a
hundred percent after the RSI having
touched down right so we’re seeing every
time that this company touches the 30 on
its weekly RSI it proceeds to run as
much as a hundred percent 120 180
percent so what are we projecting for
this company moving forward well
currently we are projecting BlackRock to
run from its current price of 656
dollars per share all the way to as high
as a hundred or one thousand three
hundred and fifty dollars per share with
a 125 return on investment this could
happen
over the next year year and a half tops
again this is a weekly chart so the time
frames being a little smaller than what
we typically trade being a monthly would
happen sooner rather than later right
I love this company again great
in
World leading financials as far as
income statements are concerned a great
dividend 99 billion market cap
great company
quite like this one again we’re trying
to keep these information dense we’re
going to move right into the next
company here

The Stunning History of (BLK) BlackRock

BlackRock is a global investment management corporation founded in 1988. The company is headquartered in New York City and is one of the world’s largest asset managers, with over $7 trillion in assets under management.

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This Post Has 4 Comments

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