Apollo Global Management, a private equity firm, has recently secured backing at the 50-day moving average and has been chosen as today’s selection for IBD Long-Term Leaders. The firm’s shares initially broke out of a cup base at a purchase point of 74.63 in mid-June and became extended; however, the 50-day line and related 10-week moving average currently provide a purchase point of 79.45, with the buying zone extending to 87.40.
Apollo Global Management Secures Backing and Earns Long-Term Leader Selection
Investors should exercise caution when investing in stocks during market corrections. Despite the recent market fluctuations, Apollo Global Management has demonstrated consistent growth and stability, making it an attractive investment option for long-term portfolios. As they continue to expand their portfolio and capture new opportunities, the firm’s strong performance in unpredictable conditions highlights their resilience and potential for future growth.
Apollo’s Rapidly Improving Rating Shows Promising Future Prospects
Apollo’s rating now sits at 94, demonstrating an improvement from its standing at 92 four weeks ago and 66 three months prior. This implies that its shares have outperformed most stocks in recent weeks. The company experienced a notable second quarter, with a 499% increase in sales to $13.7 billion and a return to profitability in Q4. This remarkable surge in sales and return to profitability for Apollo can be attributed to strategic decisions and operational adjustments made throughout the company. Furthermore, investors and analysts are showing increasing optimism for the future of Apollo, as evidenced by the impressive uptick in its rating.
High Mutual Fund Ownership Signals Strong Interest from Institutional Investors
Mutual funds own 42% of Apollo’s outstanding shares, with fund ownership graded at B-, indicating substantial interest from fund managers. The company reported $617 billion in assets under management as of June, comprised of $35 billion in new inflows and a 20% increase in assets from the previous year. Apollo’s retirement product, Athene, is a major driver of the growth in fee-generating assets. Athene’s success can be attributed to its innovative and diverse range of retirement solutions, catering to the varying needs of retirees. Furthermore, Apollo’s strategic partnerships and effective investment strategies have played a crucial role in attracting more investors, leading to a significant expansion in its assets under management.
Proposed Acquisition of Arconic Group Expands Apollo’s Influence in the Mining and Metals Sector
Apollo is currently engaged in a proposed $4.7 billion acquisition of mining and metals company Arconic Group, which is expected to close in the second half of the year. This acquisition will significantly increase Apollo’s presence and influence in the mining and metals industry. The deal demonstrates the private equity firm’s ongoing efforts to diversify their investment portfolio and expand into various sectors.
Apollo’s Diverse Investment Portfolio Provides Opportunities in Various Market Sectors
According to an S&P Global Market Intelligence report, this deal would be the second-largest in the mining and metals sector. Apollo recently disclosed plans to invest in retailer PetSmart as well. The mining and metals sector has seen an increase in mergers and acquisitions in recent years, with this potential deal further highlighting the industry’s ongoing consolidation. Apollo’s diverse investment portfolio, including both the mining industry and retail sector, showcases its strategy to capitalize on various market opportunities.
Apollo’s Growth Stock Outpaces S&P 500, Attracting Investor Attention
Since its IPO in 2011 and trading on the New York Stock Exchange, Apollo’s growth stock has seen a 28% increase in gains this year, outpacing the S&P 500’s return of 14%. This acceleration can be attributed to the company’s robust business model and strategic investments, which have placed it in a strong position within the competitive market. Investors are taking note of Apollo’s impressive performance and its potential for continued success in the coming years.
ETFs Holding Apollo Shares Offer Diversification and Growth Opportunities
Noteworthy exchange-traded funds holding Apollo shares include the iShares Russell 1000 Growth ETF and the Global X U.S. Preferred ETF. These ETFs offer investors the opportunity to gain exposure to Apollo shares while simultaneously diversifying their portfolios through investments in a variety of growth-oriented companies and preferred securities. This diversification can help mitigate risk and maximize potential for long-term growth.
Frequently Asked Questions
What is Apollo Global Management’s recent performance?
Apollo Global Management has secured backing at the 50-day moving average and has been selected as today’s IBD Long-Term Leaders. They have experienced consistent growth and stability, making them an attractive investment option for long-term portfolios.
Why is Apollo’s rating improving?
Apollo’s rating has improved to 94 from 66 three months ago due to strong performance in recent weeks, a 499% increase in sales to $13.7 billion, and a return to profitability in Q4. This has led to increased investor and analyst optimism for the company’s future.
What does high mutual fund ownership mean for Apollo?
High mutual fund ownership (42%) of Apollo’s outstanding shares signifies strong interest from institutional investors. This interest stems from the company’s strategic partnerships, effective investment strategies, and successful retirement product Athene.
What is Apollo’s involvement in the mining and metals sector?
Apollo is engaged in a proposed $4.7 billion acquisition of mining and metals company Arconic Group, which – if successful – would increase Apollo’s presence and influence in the industry, demonstrate their ongoing efforts to diversify their investment portfolio, and expand into various sectors.
How does Apollo’s diverse investment portfolio affect its overall position in the market?
Apollo’s diverse investment portfolio, including industries such as mining and retail, showcases its strategy to capitalize on various market opportunities and helps solidify its position in the competitive market.
How is Apollo’s growth stock outpacing the S&P 500?
Since its IPO in 2011, Apollo’s growth stock has seen a 28% increase in gains this year, outpacing the S&P 500’s return of 14%. This acceleration is due to the company’s robust business model and strategic investments, attracting the attention of investors.
Which ETFs hold Apollo shares?
Noteworthy exchange-traded funds holding Apollo shares include the iShares Russell 1000 Growth ETF and the Global X U.S. Preferred ETF, which offer investors exposure to Apollo shares while simultaneously diversifying their portfolios through investments in a variety of growth-oriented companies and preferred securities.
First Reported on: investors.com
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