economy
February 17, 2026
Big investor gets into BlackRock stock
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- The Dow, S&P 500, and Nasdaq traded higher on Tuesday afternoon.
- Enterprise software stocks like Salesforce, CrowdStrike, and Palo Alto Networks declined amid AI worries.
- Apple shares rose on plans for a new budget iPhone, with Jim Cramer highlighting its AI advantage.
- ValueAct has taken a stake in BlackRock, citing its Aladdin platform's potential in AI-driven investment management.
- BlackRock is diversifying revenues through technology acquisitions and private credit.
- Dover CEO Andrew Tobin expressed optimism for 2026 orders and the Fueling Solutions business, but noted concerns for the vehicle aftermarket.
- Palo Alto Networks is set to report earnings, with investors watching CEO Nikesh Arora's response to AI market share concerns and news of an acquisition.
- Upcoming economic data includes housing starts, industrial production, and Federal Reserve meeting minutes.
Continue reading the original article