Barron's: BlackRock's Bob Doll
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Date updated:08-04-2007

From Barron's 8-6-07:

"Bob Doll has learned that when it comes to playing classical music on a piano or picking stocks, you have got to learn from your mistakes.

When the tempo of the stock market reaches a fevered pitch, Doll, the global chief investment officer for equities at asset manager BlackRock, turns to his piano to bang out tunes of Bach, Beethoven and Tchaikovsky.

"For both music and portfolio management, you need discipline and you need to be rigorous about what you do," says Doll.

While Barron's Online has not heard Doll tickle the ivories, his investment strategy has belted out some nice tunes for the three large-capitalization portfolios he manages.

The Large Cap Growth Fund (ticker: MDLHX) has gained 22.5% over the past year, the Large Cap Core Fund (MDLRX) has gained 17%, and the Large Cap Value Fund (MDLVX) has gained 15.4%. BlackRock had more than $1.1 trillion under management as of May 31.

Doll says that it is a good time to buy stocks given the recent market correction. We had a target coming into the year of the Standard & Poor's 500 at 1550. Less than two weeks ago, we got there and we did not revise the target. Now we have had a selloff, and so we've got to go up 5% or 6% to get there. The lead candidate for us, therefore, is technology, with secondary emphasis on energy, material and selected industrial names. Secondly, our home economy is growing below trend and as a result of that you want some higher quality, higher predictability in the portfolio, and that takes us to places like health care, primarily the offset to technology if you will."

symbol name last price % change open
  • +
  • CSCO
    Cisco Systems
  • $23.38
  • -1.52%
  • $23.09

From Barron's 8-6-07: "Some of the big broad global companies such as Cisco Systems (CSCO), IBM (IBM), Microsoft (MSFT) and EMC (EMC). These would be the kind of names that we think are positioned to win both in the geographic mix and their leadership product and service standpoint."

People owning CSCO also tend to own: AAPLAMDDELLGOOGIBMINTCMSFT

TheStreet.com Rating: B- What is this?

  • +
  • IBM
    Intl Business Mac
  • $125.70
  • -1.24%
  • $124.59

From Barron's 8-6-07: "Some of the big broad global companies such as Cisco Systems (CSCO), IBM (IBM), Microsoft (MSFT) and EMC (EMC). These would be the kind of names that we think are positioned to win both in the geographic mix and their leadership product and service standpoint."

People owning IBM also tend to own: AAPLAMDCSCODELLGOOGINTCMSFT

TheStreet.com Rating: B+ What is this?

  • +
  • MSFT
    Microsoft Corpora
  • $29.22
  • -1.91%
  • $29.01

From Barron's 8-6-07: "Some of the big broad global companies such as Cisco Systems (CSCO), IBM (IBM), Microsoft (MSFT) and EMC (EMC). These would be the kind of names that we think are positioned to win both in the geographic mix and their leadership product and service standpoint."

People owning MSFT also tend to own: AAPLAMDCSCODELLGOOGIBMINTC

TheStreet.com Rating: B What is this?

  • +
  • EMC
    E M C Cp
  • $16.75
  • -0.95%
  • $16.40

From Barron's 8-6-07: "Some of the big broad global companies such as Cisco Systems (CSCO), IBM (IBM), Microsoft (MSFT) and EMC (EMC). These would be the kind of names that we think are positioned to win both in the geographic mix and their leadership product and service standpoint."

People owning EMC also tend to own: AAPLAMTAMZNATHRBEASCTSHGOOG

TheStreet.com Rating: B What is this?

  • +
  • VLO
    Valero Energy Cp
  • $16.00
  • -2.14%
  • $15.97

From Barron's 8-6-07: "Yes, I would underscore those kind of names because I believe we are right about the energy trend. I would put slightly ahead of those names the refiners in the energy patch that have gotten hit harder on this pullback -- Valero Energy (VLO) fits that bill but not to back off the Chevrons of the world either."

People owning VLO also tend to own: BZHGSFMCFSWNWHTASHATG

TheStreet.com Rating: D+ What is this?

  • +
  • XOM
    Exxon Mobil Cp
  • $74.87
  • -2.09%
  • $74.65

From Barron's 8-6-07: "Yes, I would underscore those kind of names because I believe we are right about the energy trend. I would put slightly ahead of those names the refiners in the energy patch that have gotten hit harder on this pullback -- Valero Energy (VLO) fits that bill but not to back off the Chevrons of the world either."

People owning XOM also tend to own: AAAIGIBMINTCJNJJPMKO

TheStreet.com Rating: C+ What is this?

  • +
  • CVX
    Chevron Corp
  • $78.17
  • -1.85%
  • $77.63

From Barron's 8-6-07: "Yes, I would underscore those kind of names because I believe we are right about the energy trend. I would put slightly ahead of those names the refiners in the energy patch that have gotten hit harder on this pullback -- Valero Energy (VLO) fits that bill but not to back off the Chevrons of the world either."

People owning CVX also tend to own: ADMAIZALLCBCNICOPCSC

TheStreet.com Rating: B- What is this?

  • +
  • PCU
    Southern Copper C
  • $34.62
  • -3.46%
  • $34.26

From Barron's 8-6-07: "Q: What's so attractive about industrials and materials companies? A: They fit that prong-one cyclical area. So whether it's a Southern Copper (PCU) or a U.S. Steel (X), these are the kinds of names that we think belong in the materials portion of the portfolio.

People owning PCU also tend to own: BHPBTUBXPCBGCNXDLRFCX

TheStreet.com Rating: C What is this?

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