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Apollo Shares Rise Powerfully

By:
Lucas Downey
Published: Apr 5, 2024, 20:15 UTC

Apollo Global Management, Inc. (APO) shares are rising high, jumping 19% in 2024. Looking under the surface shows why the stock is so powerful.

Wall Street, FX Empire

In this article:

Apollo Stock Experiences Strong Demand

Institutional volumes reveal plenty. Over the past year, our proprietary signals indicate APO has enjoyed a surge in demand. We believe this to be strong institutional support.

Each green bar indicates unusually large volumes in APO shares, pushing the stock higher:

Source: www.mapsignals.com

Plenty of financials names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Apollo.

Apollo Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, APO has had huge sales and EPS growth in recent years:

  • 3-year sales growth rate (+153.2%)
  • 3-year EPS growth rate (+713.0%)

Source: FactSet

EPS is estimated to ramp higher this year by +16.3%.

Now it makes sense why the stock has been powering to new heights. Apollo is gaining because it’s an earnings powerhouse.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Apollo has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 list many times. The blue bars below show when APO was a top pick…rising above the fray.

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the titans. Money flows often reveal tomorrow’s leaders today.

Apollo Price Prediction

The Apollo rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in APO at the time of publication.

If you are a Registered Investment Advisor (RIA) or a serious investor interested in taking your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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