Blackrock (BLK) – The Chase for Performance

With the S&P up over 16% year-to-date, it can be hard to find some stocks that have potential to break out... or is it? Laggards in this type of market are usually the ones with poor fundamentals or growth. Finding ones that maybe slipping through the cracks could offer a nice risk vs. reward scenario. We think Blackrock(BLK) is one that fits the bill.

With earnings beats in the last 9 quarters dating back to mid-2010, one would think the stock would be up quite a bit from there, but it's actually down $40 from its $220 high. There are some concerns over Blackrock(BLK) and it's revenue growth and that is one of the reasons the stock fails to find its footing. It's also losing ETF market share.  But in this era of easy money, where folks are looking for places to get a return on their equity, a stock like Blackrock(BLK) could be one to look at.

The financial sector is up 23% Year-to-date yet Blackrock(BLK) is only up 3%. Somethings got to give. We are thinking it will be Blackrock's(BLK) shares to the upside.

We currently hold $190 and $195 Oct 20th calls. We will have more on Blackrock(BLK) in the next few days.

JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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