BlackRock’s bond chief who oversees $2.3 trillion names 3 catalysts set to send stocks higher, and 3 attractive sectors to buy
- Date: 10-Oct-2020
- Source: Business Insider
- Sector:Financial Markets
- Country:Middle East
BlackRock’s bond chief who oversees $2.3 trillion names 3 catalysts set to send stocks higher, and 3 attractive sectors to buy
Steve Marcus/Reuters
BlackRock's Rick Rieder told CNBC on Friday that he believes the stock market will go higher next year. He laid out three catalysts that will generate gains: greater levels of M&A activity, capital expenditure spending, and research and development. He also shared three attractive sectors to buy, one of them being "next level" technology stocks. Visit Business Insider's homepage for more stories.
BlackRock's Rick Rieder told CNBC on Friday that he still believes the stock market has upside, and he shared three catalysts that could send stocks higher next year.
The global chief investment officer of fixed income said companies have been "sitting on a lot of cash." Because of this, he's predicting higher levels of M&A activity, capital expenditure spending, and research and development. "All of those are pretty good catalysts
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