Michael Brown from UBS sets a price target of $186 for NYSE:APO, indicating a potential upside of 24.79%.Apollo Global Management identified as a top stock to watch, highlighting its competitive position in the alternative investment sector.Recent stock performance shows a 3.59% increase, with significant volatility observed over the past year.Apollo Global Management (NYSE:APO) is a leading global alternative investment manager. It specializes in private equity, credit, and real estate investments. The com ...

分组1 - Sabra Health Care REIT, Inc. has a dividend yield of 6.3% and is supported by favorable demographics, with no threat from AI [1] - Wells Fargo analyst John Kilichowski maintained an Overweight rating on Sabra Health Care and raised the price target from $20 to $21 [1] - Apollo Global Management, Inc. was upgraded from Equal-Weight to Overweight by Morgan Stanley analyst Michael Cyprys, with a price target increase from $151 to $180 [2] 分组2 - Spotify Technology S.A. reported third-quarter 2025 earnings of $3.83 per share, exceeding the analyst consensus estimate of $1.87 [3] - Spotify's revenue reached $4.99 billion, a 7% year-over-year increase, surpassing projections of $4.92 billion [3] 分组3 - Sabra Health Care shares fell 1.6% to close at $19.00 [5] - Apollo Global Management gained 3.6% to settle at $149.08 [5] - iShares Russell 1000 Value ETF gained 1.4% [5] - Spotify jumped 3.4% to settle at $609.41 [5]

Apollo CEO Marc Rowan is planning a definitive book clarifying private credit in time for Christmas. Recent bankruptcies and media scrutiny have fueled debate over private credit's risks. Rowan aims to address misconceptions about private credit in financial markets. Apollo has a holiday gift it wants to hand out this year — and, unlike Blackstone's, it's not a cringey video. Speaking to Goldman Sachs analyst Alexander Blostein at the Goldman Sachs Financial Services conference on Wednesday, CEO ...

The economy may be in a place where more rate cuts from the Fed aren't needed. "Internally at Apollo, we do not think there's a need for a cut. There's nothing in the data that tells us that, but at the same time, I understand the decision," Apollo Global Management (APO) co-founder and CEO Marc Rowan exclusively told Yahoo Finance on Wednesday. Rowan spoke to Yahoo Finance moments before the Federal Reserve decided to cut rates by 25 basis points, the third cut of 2025. He noted that longer term, marke ...

All right, you've got the Fed decision. You've got the Fed chair meeting the media. And then you have, like we always do, Jeffrey Gunlock, Double Line CEO, CIO, and founder meeting you.Tell you exactly what he thinks of the decision, what the best investment moves are in the wake of it. Can't wait for that. 3:00 Eastern time.Right when the Fed chair is done talking, Jeffrey will start. Let's do final trades. Jenny Harrington, what do you have.>> I'll give you a new one. Sabra Healthcare. It's a 6.3% dividen ...

Core Insights - The private credit market, valued at $40 trillion, is crucial for the broader stock market and is perceived as risky despite a significant portion being investment grade [1][2] - The current economic environment, including potential Federal Reserve rate cuts, is expected to influence private credit and investment grade issuance significantly [1][2] - Companies are increasingly entering the debt markets to finance long-term projects, particularly in data centers and AI, indicating a shift towards more asset-heavy business models [1][2] Private Credit Market Dynamics - Private credit is often misunderstood as being synonymous with sub-investment grade, but the majority of the $40 trillion market is actually investment grade [2] - The growth in private credit has been driven by a pullback in public market issuance, particularly in high yield and leveraged loans [2] - Investment grade companies are expected to dominate the private credit market in the coming years, with significant capital expenditure needs [1][2] Economic Implications - The current economic cycle shows manageable credit defaults, with projections for high yield defaults around 2-3% [2] - The broader economy remains strong, and investment grade lending is expected to grow due to high-quality issuers needing financing for long-term projects [2] - The steepening of the rate curve is anticipated to create more opportunities for long-dated financing [2] Portfolio Management Strategies - The traditional 60/40 portfolio model is becoming less effective, prompting a need for diversification through private market exposure [3][4] - Private market investments can complement public equity and fixed income portfolios, providing better risk-adjusted returns [3][4] - Asset-backed finance is highlighted as a significant area of opportunity within the $20 trillion market, offering stability and diversification [5][6] Future Outlook - The entry of AI into credit markets is seen as a transformative trend that will shape investment strategies moving forward [2][3] - The current market environment is viewed as a transition from a seller's market to a buyer's market, with expectations of wider credit spreads and increased issuance [2][3] - The focus on disciplined investment strategies remains critical, especially in a market characterized by high valuations and potential frothiness [4][5]

Group 1 - The Goldman Sachs Financial Services Conference is ongoing, with a focus on capital markets research [1] - Marc Rowan, CEO of Apollo, highlighted the company's strong performance and positive outlook for 2025 and 2026 [2]

Summary of Apollo Global Management Conference Call Company Overview - **Company**: Apollo Global Management (NYSE: APO) - **Date**: December 10, 2025 - **Context**: Discussion at Goldman Sachs Financial Services Conference Key Industry Insights Private Credit Market - **Current State**: The private credit market is experiencing uncertainty, but Apollo primarily operates in the investment-grade space, which is less affected by market jitters [2][3] - **Definition Issues**: There is confusion surrounding the term "private credit," which encompasses various asset classes. Apollo plans to clarify this with a definitive guide [3] - **Risk Assessment**: Private credit is viewed as a de-risking trade compared to equities, with lower default rates than high-yield bonds. Investors are reallocating funds from equities to private credit for better risk-adjusted returns [4][5] Origination as Growth Driver - **Origination Focus**: Apollo emphasizes origination as the core of its business model, differentiating itself from traditional asset managers who invest based on available capital [9][10] - **Current Performance**: The firm has achieved strong origination volumes, exceeding five-year targets within the first year, with stable spreads around 300 basis points over treasuries [7][10] - **Collaboration with Banks**: Apollo collaborates with banks to originate loans, focusing on long-dated, high-quality assets, which are in high demand due to a global industrial renaissance [12][13] Emerging Opportunities - **AI and Infrastructure**: The demand for capital in sectors like AI and infrastructure is unprecedented. Apollo is cautious about taking on renewal risks associated with these investments [14][15] - **Wealth Market Growth**: The wealth management sector is expected to grow significantly, with Apollo positioned to benefit from a flight to quality in credit products [24][25] Financial Performance and Strategy Fundraising and Client Base - **Diverse Client Demand**: Apollo's client base has expanded beyond traditional institutional investors to include retail and insurance companies, indicating a growing acceptance of private assets [18][19] - **Future Fundraising**: The firm anticipates that fundraising will be driven by its ability to originate quality assets rather than merely raising capital [20][22] Hybrid and Private Equity - **Hybrid Business Growth**: Apollo's hybrid business is expected to be its fastest-growing segment, offering attractive risk-reward profiles [41][42] - **Private Equity Outlook**: While private equity remains a strong asset class, it is not viewed as a growth business. Apollo plans to raise over $20 billion in its next vintage [40][43] Athene and Insurance Strategy - **Athene's Role**: Athene is seen as a strategic asset for Apollo, allowing the firm to earn higher fees on originated assets. The focus is on achieving mid-double-digit returns [46][48] - **Market Positioning**: Apollo aims to leverage Athene to support guaranteed income products for retirees while capitalizing on the demand for investment-grade assets [50] Conclusion - Apollo Global Management is well-positioned for growth in the evolving financial landscape, with a strong focus on origination, a diverse client base, and strategic investments in private credit and hybrid assets. The firm is navigating market challenges while capitalizing on emerging opportunities in sectors like AI and infrastructure.

投资级评级允许保险公司进行投资，而无需为满足监管要求预留大量现金。评级数据中心融资票据的兴 起，使得承担为美国人提供社会保障网任务的年金公司越来越多地涉足人工智能领域。 阿波罗旗下拥有年金提供商Athene，将其庞大的现金储备投入到各类信贷工具中。成立于2013年的Argo 则主要投资于数字基础设施、可再生能源、交通运输及其他行业。 自2020年起获得Argo投资的TierPoint运营数据中心设施并出租托管机房，其客户包括销售人工智能服务 的Groq Inc.以及马里兰州等。随着用于训练和运行人工智能的云计算能力和芯片支出激增，数据中心资 产已成为热门商品。 自2023年以来，TierPoint已发行了约20亿美元投资级资产支持证券。其中包括与其收购宾夕法尼亚州一 处名为Tek Park的数据中心场地相关的2.4亿美元，该公司此前曾在该场地租赁设施。 Argo Infrastructure Partners在阿波罗全球管理公司(APO.US)今年早些时候的收购协议达成后，正进一步 扩大对数据中心领域的投资力度。该基础设施投资管理机构表示，其将增持数据中心运营商TierPoint的 股份。Argo已拥有该公司 ...

Core Viewpoint - Apollo Global Management, Inc. (NYSE:APO) is considered one of the most undervalued stocks currently, with a bullish rating maintained by Morgan Stanley analyst Michael Cyprys, who anticipates growth acceleration in the coming years [1][2]. Group 1: Growth Potential - The company is expected to achieve approximately 10% annual growth in spread-related earnings (SRE) through 2029, driven by structural dynamics such as an aging population increasing demand for retirement products [2]. - The retirement services business, Athene, is highlighted as a key growth driver, with expectations of generating around $880 million in spread-related earnings in Q4 2025 [3]. Group 2: Capital Generation - Apollo Global Management, Inc. has a strong capital generation capability, with $9 billion of deployable capacity, which includes $3 billion of excess equity, $3 billion in undrawn ADIP capital, and approximately $3 billion of untapped leverage [3]. Group 3: Competitive Advantages - Athene's competitive advantages include origination scale, operating efficiency, and credit selection, which are expected to support its growth trajectory [2].