BlackRock Raised Equities from Neutral to Overweight and Kodak Shares Soar on Monday
In this ever-changing economic landscape, it’s important to alter your investment portfolios as time goes on. On Monday, BlackRock released its 2021 outlook and raised equities from neutral to overweight on a six-to-twelve-month tactical basis.
The company also downgraded global investment grade debt along with U.S. treasury’s. BlackRock’s global chief investment strategist Mike Pyle had this to say on the matter “The big change around the outlook itself is upgrading risk assets overall and seeing 2021 as a very constructive year for risk assets.”
Kodak shares are in the headlines once again after a federal agency found no wrongdoing concerning the stalled U.S. government loan to Eastman Kodak, according to the Wall Street Journal.
Following the news, Kodak shares jolted up to 70% during the trading day. In pre-market trading, Kodak shares were already up nearly 60%.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.