On April 14, BlackRock stated that the impact of the Iran war on the markets is manageable, and coupled with strong corporate profit prospects, it has upgraded its rating on US stocks from 'Neutral' to 'Overweight'. BlackRock noted that it had previously reduced investment exposure due to geopolitical risks, but has now observed two key signals prompting a reassessment of risk: the expected recovery of shipping traffic in the Strait of Hormuz and the macroeconomic impacts remaining within manageable limits. These factors have alleviated concerns about the long-term impact of the war on global economic growth. Strategists indicated that, in the context of strong corporate profits and limited damage to the global economy, they have increased allocations to the US and emerging markets, while continuing to monitor profit margins in first-quarter earnings reports; they also maintain a preference for investment opportunities with structural growth themes, such as those related to the defense industry.