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Blackrock: An Under-Performer?

|About: BlackRock, Inc. (BLK)
Summary

It is hurting portfolio performance for those holding it.

Under-performing the Index since April.

Continue to under-weight?

Blackrock (BLK) earnings are out and portfolio managers are ready to make a decision about their holdings. What will they do? 

It is an under-performing the Index and hurting portfolio performance. Earnings needed to change that. It does not look like that has happened. So I think portfolio managers will continue to sell on balance as they reduce their positions and take profits. 

As you can see on the chart below, price is under-performing the Index, BLK:$SPX. 

Price is below the 200-day moving average and these earnings have failed to change that sell signal for portfolio managers.

Chaikin money flow, CMF, at the top of the chart is in the red and these earnings are probably not going to change that bearish signal.

Our most important. Proprietary fundamental/technical signal is flashing a 41 failing grade, Sell signal. 

As a result we previously deleted BLK, before earnings, from our model portfolio.

 NOTE: See our free annotated charts and footnotes at stockcharts.com/public/1792807SID2018 model portfolio:https://www.marketwat...ALSO: check our trades athttp://stocktwits.com...Disclaimer: We are not investment advisers and we never recommend stocks or securities. Nothing on this website, in our reports and emails or in our meetings is a recommendation to buy or sell any security. Options are especially risky and most options expire worthless. You need to do your own due diligence and consult with a professional financial advisor before acting on any information provided on this website or at our meetings. Our meetings and website are for educational purposes only. Any content sent to you is sent out as any newspaper or newsletter, is for educational purposes and never should be taken as a recommendation to buy or sell any security. The use of terms buy, sell or hold are not recommendations to buy sell or hold any security. They are used here strictly for educational purposes. Analysts price targets are educated guesses and can be wrong. Computer systems like ours, using analyst targets therefore can be wrong. Chart buy and sell signals can be wrong and are used by our system which can then be wrong. Therefore you must always do your own due diligence before buying or selling any stock discussed here. We assume no liability for erroneous data or opinions you hear at our meetings and see on this website or its emails and reports. You use this website and our meetings at your own risk.

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a short position in BLK over the next 72 hours.

Additional disclosure: Our paid subscribers are aware of our Sell signals and removal of BLK from our model portfolio.