GO
Loading...

Expect M&A Uptick in Near Future: BlackRock's Doll

Tuesday, 2 Mar 2010 | 12:29 PM ET

Stocks edged higher on Tuesday, pushing the Dow into positive territory for the year, as markets continued their March rally. What should investors expect for the rest of the month? Robert Doll, chief equity strategist at BlackRock, shared his market outlook.

March in Like a Bull
The February rally is continuing into March, but how far will it go? Robert Doll, of BlackRock, and Richard LeFrak, of the LeFrak Organization, share their insight.

“I think we’ll see continued mixed data, but leaning toward the positive side,” Doll told CNBC.

“The thing we need to see is formation of some jobs…that’s the next normal phase in the economic recovery and I think we’re going to get them.”

Doll said he expects to see an uptick in M&A activities in the near future.

“We have an economic recovery that’s sub par—we have corporations with strong balance sheets, good free cash flow in income statement,” he said.

“M&A will be alive and well for the balance of the year… and I think it will be across the board.”

Doll added that he would not be surprised to see a 6 to 8 percent rise in the stock market over the next few years.

  • Watch Doll's Previous Appearance on CNBC (Feb. 25, 2010)

______________________________
More Market Intelligence:

______________________________
CNBC Data Pages:

______________________________
CNBC Slideshows:

______________________________

______________________________
CNBC's Companies in the News:

CF Industries

Terra

  • CF Industries Raises Bid for Terra, Tries to Top Yara

Apple

  • Apple Suing Phone Maker HTC Over iPhone Patents

Dow Chemical

  • Dow Selling Styron Unit to Bain for $1.63 Billion

______________________________
Disclosures:

No immediate information was available for Doll or his firm.

______________________________

Disclaimer

  Price   Change %Change
CF
---
DOW
---
AAPL
---

Featured