Apollo Global Management Bolsa (NYSE: APO)

Últimas noticias sobre Apollo Global Management (NYSE:APO) Bolsa

APOLLO GLOBAL MANAGEMENT INC

Apollo Global Management

Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.

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Apollo Global Management shares are trading lower amid sympathy with Wolfspeed after reports that the company is preparing for bankruptcy. Apollo Global Management, a creditor, previously helped finance Wolfspeed and may not get a full return on its investment.

Silicon carbide component manufacturer&nbsp;Wolfspeed Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) is preparing to file for&nbsp;prepackaged Chapter 11 bankruptcy protection in the coming weeks.
What Happened: Facing mounting debt and failed out-of-court restructuring talks with key creditors, the company is reportedly pursuing bankruptcy options, according to a <a href="https://www.wsj.com/articles/wolfspeed-prepares-to-file-for-bankruptcy-within-weeks-7bd98040">report</a> from the Wall Street Journal on Tuesday, citing sources familiar with the matter.
The company, which was expected to benefit from U.S. government efforts to expand domestic semiconductor production through the 2022 CHIPS Act, has struggled to address its $6.5 billion debt, including a $575 million balloon payment due in May 2026.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45532892/legendary-investor-jeremy-grantham-warns-of-50-stock-market-crash">Legendary Investor Jeremy Grantham Warns Of 50% Stock Market Crash</a>
Wolfspeed is aiming for a bankruptcy plan that would have the support of the majority of its creditors. This comes after rejecting a debtholder restructuring deal in March, following pushback from Apollo Global Management LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>). 
The deal involved converting some of its convertible debt holdings and loans into equity, which would have diluted Apollo&#8217;s position.
Apollo, which owns $1.5 billion of Wolfspeed&#8217;s debt, sits on top of the company&#8217;s credit stack and has the right to approve any new secured financing deal. It also has a make-whole provision in its agreement, which essentially shields the PE firm from losses in the event of a bankruptcy, according <a href="https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/d462549d8k.htm">to</a> Wolfspeed&#8217;s SEC filings. 
Wolfspeed had previously said it was exploring restructuring or bankruptcy options after difficulties refinancing its debt threatened its ability to access up to $750 million in taxpayer funds through the CHIPS Act. That funding was contingent on the successful refinancing of convertible notes maturing in 2026, 2028, and 2029.
Both Wolfspeed and Apollo have yet to respond to Benzinga&#8217;s requests for a comment on this matter. The story will be updated once we hear back.
Why It Matters: During its <a href="https://www.benzinga.com/news/earnings/25/05/45303071/wolfspeed-stock-slides-after-q3-revenues-miss-estimates-heres-what-to-know">third quarter results</a> two weeks ago, Wolfspeed outlined plans to strengthen its capital structure and improve its path to profitability.
The company recently hired an ex-Micron executive, Robert Feurle, as <a href="https://www.benzinga.com/25/03/44515658/wolfspeed-names-ex-micron-exec-feurle-as-ceo-to-revive-struggling-chipmaker">its new CEO</a>, who comes with several decades of semiconductor experience, to help in its turnaround efforts.
Price Action: Wolfspeed&#8217;s shares were down 10.32% on Tuesday, ending the day at $3.13 per share, and are down 60.38% after hours. The stock is down 52.79% year-to-date.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="131" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-1024x131.png" alt="" class="wp-image-922075" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-1024x131.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-300x38.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-768x98.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-1536x197.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM.png 1594w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The stock fares poorly in Benzinga&#8217;s Edge Stock Rankings with low scores across the board, and an unfavorable price trend in the short, medium, and long term. You can find deeper insights on the stock <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.
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WOLF

Wolfspeed Reportedly Prepping Bankruptcy Filing After Snubbing Debt Deals, Buckling Under $6.5 Billion Burden—Stock Plunges Over 60%

I got into the investment business on a steady diet of Graham and Whitman. But that was the 1980s and early 1990s – the golden age of dealmakers and junk bonds, leveraged buyouts and greenmail. 
Long before the players became gentlemanly private equity titans and activist investors, they were raiders, vultures, and even, in one famous book about the RJR deal, barbarians.
Legendary fortunes were made, reputations created and shattered.
All of these high-return, high-flying strategies shared a common thread. Leveraged buyouts, distressed investing and risk arb were all just variations on the value investing theme.
The private equity giants of today are still doing this. Thanks to their quarterly filings, you can copy their investment approach—a strategy that has beaten the markets 4-to-1 since 2001.
Even the creation of the junk bond market was based on Michael Milken&#8217;s studies on the returns from buying undervalued lower-rated bonds, a strategy founded on basic value investing principles.
The big winners in all these strategies took value investing and added debt.
It was like adding nitro to the tank of a stock car. If you could control the vehicle at high speed through the corners, there was no race you couldn&#8217;t win.
Although the golden age of risk arb and the smaller investors&#8217; ability to compete in distressed debt are all behind us, we can still use the combination of debt and value investing to beat the index by a wide margin.
When the 13F filings come out every quarter, most of the short-attention-spans in the market today head for the same filings at the same time.
Warren, Cathie, Stanley, Tepper and Seth still get all the attention.
I may get around to those at some point, but one of the first places I turn is to the leading private equity firms.
Firms like Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) and KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) still use basic principles of value investing along with a healthy dose of debt to drive massive returns for themselves and their investors.
What most people do not realize is that these firms also have large public securities portfolios, and stealing their ideas has created some massive market-beating opportunities.
If you had bought shares of Mr. Cooper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) when it first appeared in KKR&#8217;s public portfolio in 2018, you could have made almost ten times your money.
Buying shares of AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) when KKR first revealed its position would have resulted in gains of almost seven times your initial cost.
DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) would have delivered gains of 3x in just a few years.
Owning the firm&#8217;s top ten holdings since 2001 would have beaten the market by a 4-to-1 margin.
I do not care what the media darling investors bought last quarter. Tell me what the profit pirates at KKR own, and I can create an opportunity to score massive gains.
The current top ten holdings for KKR are:
BrightSpring Health Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTSG#NASDAQ">BTSG</a>) provides home and community-based health services to complex patients, positioning itself in a niche with long-term demographic tailwinds. The company is newly public and pursuing scale through both organic growth and targeted acquisitions in behavioral and specialty pharmacy segments.
Henry Schein (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSIC#NASDAQ">HSIC</a>) is a global distributor of dental and medical supplies primarily serving small- and mid-sized practices. The company generates stable cash flow and has a long history of disciplined capital deployment, though growth is modest and sensitive to procedure volume trends.
BrightView (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is the largest commercial landscaping services provider in the U.S., with recurring maintenance revenue making up the majority of its business. Under new leadership, the firm is undergoing a restructuring push to improve margins and reduce debt after years of underperformance.
KKR Real Estate Finance Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) is a commercial mortgage REIT focused on senior loans backed by institutional-grade real estate, primarily in urban markets. It offers a high dividend yield but remains exposed to office market weakness and refinancing risk in a higher-rate environment.
Madison Square Garden Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGS#NYSE">MSGS</a>) owns marquee sports franchises, including the New York Knicks and Rangers, offering investors a rare asset-backed play on professional sports. Valuation is driven more by franchise appreciation than earnings power, making it a long-duration, event-driven asset.
Norwegian Cruise Line (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) is a leading cruise operator with a strong focus on premium and upscale offerings across its brand portfolio. The company is rebounding from pandemic-era disruptions, though it still carries significant leverage and remains sensitive to fuel and labor costs.
Bausch Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) is a diversified specialty pharmaceutical company with exposure to eye health, dermatology, and branded generics. However, the company is still burdened by high legacy debt. While it&#8217;s pursuing a turnaround strategy and asset divestitures, legal overhangs and weak cash flow remain headwinds.
FS KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSK#NYSE">FSK</a>) is one of the largest business development companies, focused on senior secured lending to middle-market companies with an emphasis on downside protection. It offers a double-digit yield and strong sponsor backing, though credit quality and NAV stability require close monitoring.
Crescent Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSGY#NYSE">CSGY</a>) is a cash-generating E&amp;P company with a private equity-backed structure and a focus on acquiring and optimizing mature, low-decline assets. The firm maintains a disciplined capital return framework and hedging strategy, making it a defensive upstream play with yield upside.
BridgeBio Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBIO#NASDAQ">BBIO</a>) is a commercial-stage biopharmaceutical company developing treatments for genetic diseases and cancers with clear genetic drivers. Its lead drug, Attruby (acoramidis), approved in late 2024 for transthyretin amyloid cardiomyopathy, significantly outperformed sales expectations in its first full quarter, positioning the company as a strong competitor in the cardiomyopathy treatment market.
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Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
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The Smart Money Is Buying These 10 Stocks

Activist investor&nbsp;Dan&nbsp;Loeb‘s&nbsp;Third Point LLC&nbsp;has exponentially boosted its investment in Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and Soho House &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) <a target="_blank" href="https://www.benzinga.com/topic/dan-loeb" rel="noreferrer noopener">in the first quarter of 2025</a>.
According to recent 13F filings, reflecting his holding as of March 31, 2025, Loeb increased his common stock stake <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625003337/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">in&nbsp;</a>Apollo&nbsp;to 1.5 million, up from 400,000 <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">in </a>the fourth quarter of 2024,&nbsp;<a href="https://www.benzinga.com/markets/equities/25/02/43755111/billionaire-investor-dan-loeb-boosts-stake-in-mark-zuckerbergs-meta-elon-musks-tesla-but-sold-these-three-mag-7-stocks-in-q4" target="_blank" rel="noreferrer noopener">an 275% increase.</a>
This marks a significant turnaround, as the investor earlier slashed shares of Apollo common stock by more than half, from 950,000 in the third quarter of 2024 to 400,000 shares in the fourth quarter of 2024.
Furthermore, Loeb boosted his stake in Soho House to 5.2 million in the first quarter of 2025 from 2.35 million in the fourth quarter of 2024, <a href="https://www.benzinga.com/news/large-cap/25/05/45472025/loebs-third-point-exits-meta-tesla-rotates-into-staples-telecom-industrials" target="_blank" rel="noreferrer noopener">representing a 121% increase</a>.
Let&#8217;s have a look at the major events in both companies.
Apollo Global Management:
<ul class="wp-block-list">
<li>On May 13, Apollo&#8217;s funds, managed by its hybrid strategies, reached an agreement to acquire a controlling interest in PowerGrid Services <a href="https://www.benzinga.com//node/45372642" target="_blank" rel="noreferrer noopener">for an undisclosed amount</a>.</li>
<li>On May 12, the company&#8217;s managed portfolio company of funds, New Home, inked a deal to acquire Landsea Homes (NASDAQ:<a href="https://www.benzinga.com/stock/LSEA#NASDAQ" target="_blank" rel="noreferrer noopener"> LSEA</a>) for an enterprise value&nbsp;<a href="https://www.benzinga.com/news/earnings/25/05/45376152/landsea-homes-stock-soars-on-apollos-new-home-buyout-at-61-premium" target="_blank" rel="noreferrer noopener">of around $1.2 billion</a>.</li>
<li>On May 6, Apollo-managed funds penned a deal to acquire maritime liquefied natural gas carrier infrastructure platform Hav Energy LNG Holding AS from HitecVision <a href="https://www.benzinga.com//node/45218843" target="_blank" rel="noreferrer noopener">for an undisclosed amount</a>.</li>
<li>On May 2, the company reported first-quarter adjusted EPS of $1.82, which fell short of the estimated $1.96. However, sales of $5.55 billion exceeded the consensus <a href="https://www.benzinga.com//node/45161311" target="_blank" rel="noreferrer noopener">estimate of $4.64 billion</a>.</li>
<li>Barclays analyst Benjamin Budish raised the price forecast from $145 to $156, while Piper Sandler analyst John Barnidge slashed the <a href="https://www.benzinga.com/quote/APO/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $193 to $174</a>.</li>
<li>Apollo has dropped nearly 14.8% year to date, compared to the EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>), which fell about 5.9%&nbsp;over the same time frame.</li>
</ul>
Soho House:
<ul class="wp-block-list">
<li>On May 9, the company reported first-quarter EPS of four cents and sales of $282.86 million, which slightly exceeded the consensus <a href="https://www.benzinga.com//node/45314565" target="_blank" rel="noreferrer noopener">estimate of $282.26 million</a>.</li>
<li>In December 2024, the company received a $9.00 per share acquisition offer from a new third-party consortium, an 83% premium to the<a href="https://www.benzinga.com//node/42597812" target="_blank" rel="noreferrer noopener"> Dec. 18, 2024, closing price</a>.</li>
<li>A CNBC report, dated Jan. 29, indicated that Loeb is pushing for a sale and process has began for the same.</li>
<li>Year to date, Soho House shares declined around 12.7%, compared to its peer Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), which rose about 7.1% over the same time frame.</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/news/large-cap/25/05/45234285/amazon-meta-microsoft-earnings-put-dan-loebs-portfolio-to-the-test" target="_blank" rel="noreferrer noopener">Amazon, Meta, Microsoft Earnings Put Dan Loeb's Portfolio To The Test</a></li>
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Loeb's Third Point Boosts Apollo Stake 275%, Soho House 121% In Q1 Bet

Amid tariff concerns, activist investor Dan Loeb‘s Third Point LLC made significant changes, shedding stakes or exiting major Magnificent Seven stocks <a href="https://www.benzinga.com/topic/dan-loeb">during the first quarter of 2025</a>.
What Happened: A 13F <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625003337/xslForm13F_X02/infotable.xml">filing </a>released Thursday shows that Third Point completely exited its positions in Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) during the first quarter of 2025. The hedge fund had <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml">previously </a>held 665,000 shares of Meta and 500,000 shares of Tesla at the end of the fourth quarter of 2024.
The investor also fully exited its position in Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) in Q1, selling all 500,000 shares it held as of the fourth quarter of 2024.
In addition to the complete exits, Third Point also trimmed several positions in the first quarter compared to the fourth quarter of 2024. Notable reductions include:
<ul class="wp-block-list">
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): -48%</li>
<li>Intercontinental Exchange Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>): -47%</li>
<li>Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): -32%</li>
<li>Brookfield Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>): -15%</li>
</ul>
Here are the top new additions in the first quarter by shares:
<ul class="wp-block-list">
<li>Kenvue Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>): 8.9 million</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>): 3.78 million</li>
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>): 3.63 million</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): 1.45 million</li>
<li>CoStar Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>): 1.98 million</li>
<li>Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>): 1 million</li>
<li>RB Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>): 950,000</li>
<li>Talen Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>): 585,000 </li>
<li>SharkNinja, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>): 550,000</li>
<li>Caseys General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>): 300,000</li>
</ul>
Here are the top increases in stake&nbsp;in the first quarter compared to the final quarter of 2024 in percentages:
<ul class="wp-block-list">
<li>Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>): +275%</li>
<li>Soho House &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>): +121%</li>
<li>Capital One Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>): +14%</li>
</ul>
As of the first quarter of 2025, Loeb&#8217;s top five holdings were Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), Kenvue, Telephone and Data Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>), Soho House, and Brookfield. Of these, all but Brookfield were new or increased positions during the quarter.
Read Next:
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Loeb's Third Point Exits Meta, Tesla, Rotates Into Staples, Telecom, Industrials

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/05/14/final-trades-apollo-global-goldman-sachs-taiwan-semi-and-zoom-communications.html">Halftime Report Final Trades</a>,&#8221; Bryn Talkington, managing partner at Requisite Capital Management, said Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) reported strong fee-related earnings. &#8220;I think the stock can <a href="https://www.benzinga.com/quote/APO/earnings">be in the 150s,&#8221; she added.</a>
On May 2, Apollo Global Management posted stronger-than-expected revenue for the first quarter.
Jason Snipe, Chief Investment Officer of Odyssey Capital Advisors, said he likes The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), which has gained 20% in the last month.
On the earnings front, Goldman Sachs Group posted better-than-expected earnings for its first quarter on April 14. Goldman Sachs reported quarterly earnings of $14.12 per share, which beat the analyst consensus estimate of $12.35 per share. The company reported quarterly sales of $15.06 billion, which beat the analyst consensus estimate of $14.81 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here </a>
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, said Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported a &#8220;phenomenal&#8221; quarter, and the stock is still going higher.
On April 17, Taiwan Semiconductor reported better-than-expected first-quarter financial results and issued a strong second-quarter revenue outlook.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, named Zoom Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) his final trade.
Zoom Communications announced it will release its financial results for the first quarter on Wednesday, May 21, after the closing bell.
Price Action:
<ul class="wp-block-list">
<li>Apollo Global shares fell 0.6% to close at $144.24 on Wednesday.</li>
<li>Goldman Sachs shares rose 1.3% to settle at $611.60 during Wednesday's session.</li>
<li>Taiwan Semiconductor Manufacturing shares gained 0.4% to close at $194.76 on Wednesday.</li>
<li>Zoom Communications shares rose 0.1% to $83.27 during the session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/25/05/45405004/jim-cramer-sofi-goes-to-new-highs-recommends-not-buying-this-health-care-stock">Jim Cramer: SoFi Goes To &#8216;New Highs,&#8217; Recommends Not Buying This Health Care Stock</a></li>
</ul>
Photo: Shutterstock

Media

Apollo Global, Taiwan Semiconductor Manufacturing, Zoom And A Big Bank On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Apollo Global Management, Goldman Sachs Group, Taiwan Semiconductor Manufacturing, Zoom Communications

The latest round of the U.S.-China tariffs are "destructive" to American small businesses, investor and "Shark Tank" star <a href="https://www.benzinga.com/news/25/02/43978834/kevin-oleary-says-government-needs-more-more-cutting-urges-slashing-and-hacking-to-fix-federal-spending">Kevin O'Leary</a> said on <a href="https://transcripts.cnn.com/show/cnc/date/2025-04-22/segment/04">CNN</a> on April 22.
His remarks come amid escalating trade tensions between the two countries. On April 9, the White House <a href="https://www.whitehouse.gov/presidential-actions/2025/04/modifying-reciprocal-tariff-rates-to-reflect-trading-partner-retaliation-and-alignment/">announced</a> a tariff hike on Chinese goods from 84% to 125%. The next day, China's Ministry of Commerce hit back with an 84% tariff on U.S. products.
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</ul>
He said, "So, I&#8217;m very happy that some administration, this one particularly, is taking them on to resolve this problem once and for all. And [Chinese President Xi Jinping] needs the U.S. and the U.S. needs Xi. So, let&#8217;s get this thing resolved. I&#8217;m OK with the volatility." He also urged policymakers to "circle the wagons" with U.S. allies.&nbsp;
O'Leary described the current market swings as a necessary step toward addressing what he called decades of imbalanced trade practices. He also proposed a 400% blanket tariff, emphasizing that "only shock therapy forces change."
<h2 class="wp-block-heading">Tariffs, Tensions And The Toll</h2>
O'Leary's frustration stems from firsthand experience. "I'm an example of someone who's really been screwed by the Chinese in IP. theft," he said, emphasizing a need to focus on policy over personality.
Trending: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Household sentiment followed the headlines. The University of Michigan's <a href="https://www.sca.isr.umich.edu/">consumer sentiment index</a> showed its expectations index down 32% since January, while inflation expectations soared to 6.5%—the highest since 1981.&nbsp;
On April 22, the International Monetary Fund <a href="https://www.imf.org/en/Blogs/Articles/2025/04/22/the-global-economy-enters-a-new-era">slashed</a> its global trade-growth outlook to 1.7%, blaming what it called &#8220;the most intense bilateral tariff standoff of the century.&#8221;&nbsp;
Markets echoed the anxiety. Bloomberg estimated a<a href="https://www.bloomberg.com/news/articles/2025-04-09/goldman-sachs-sees-65-chance-of-us-recession-in-next-12-months"> 45% chance</a> of a U.S. recession within the next 12 months, largely attributed to a &#8220;tariff-induced demand shock.&#8221;&nbsp;
See Also: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Corporate earnings also hinted at trouble: PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) warned in its<a href="https://investors.pepsico.com/docs/default-source/investors/q1-2025/q1-2025-earnings-release_qrwd2bctzikuphl4.pdf"> Q1 earnings report</a> that rising supply-chain costs could keep core EPS flat for 2025, while Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) announced a<a href="https://us.pg.com/newsroom/news-releases/PG-Announces-Fiscal-Year-2025-Third-Quarter-Results"> 2% revenue dip</a> tied to tariffs and freight surcharges.
Beijing <a href="https://english.mofcom.gov.cn/News/PressConference/art/2025/art_3f539956ed274e34b61d9b4df5634677.html">moved to soften some</a> blowback by exempting certain U.S. medical devices from its 125% tariff.
Cargo statistics tell the same story. Analysts at <a href="https://www.apolloacademy.com/trade-between-china-and-the-us-collapsing/">Apollo Global Management</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) warned that container bookings from <a href="https://www.benzinga.com/personal-finance/25/03/44281204/jack-ma-xi-jinping-and-the-53b-ai-bet-alibabas-comeback-signals-a-new-era-for-chinese-big-tech">China</a> to U.S. ports have plunged to pandemic-era lows, potentially triggering &#8220;COVID-like shortages" within a few weeks.
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Image: Shutterstock

Personal Finance

'I'm OK With The Volatility' — Kevin O'Leary Defends Trump Tariffs And Urges U.S. To 'Circle The Wagons' Against China

Landsea Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSEA#NASDAQ">LSEA</a>) shares are trading higher on Tuesday. On Monday, the company inked a definitive deal to be acquired by Apollo Global Management, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) managed portfolio company of funds, New Home, for an enterprise value <a href="https://www.benzinga.com/pressreleases/25/05/g45362998/new-home-co-to-acquire-landsea-homes-corporation-creating-a-top-25-national-homebuilder" target="_blank" rel="noreferrer noopener">of around $1.2 billion</a>.
As per the deal, New Home will acquire Landsea Homes for $11.30 per share in an all-cash transaction.
This purchase price represents a premium of around 61% to Landsea Homes&#8217; closing share price on May 12, 2025, the last trading day before the announcement.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/05/45311797/the-financial-hurdles-to-owning-a-home-have-rarely-been-higher-says-bmo-as-fed-holds-rates-extending-wait-for-homebuyers" rel="noreferrer noopener">&#8216;Financial Hurdles To Owning A Home Have Rarely Been Higher,&#8217; Says BMO As Fed Holds Rates, Extending Wait For Homebuyers</a>
Upon completion of the transaction, Landsea Homes will become a privately held company, and its common stock will no longer be listed on Nasdaq.
This transaction is supported by Apollo Funds, the majority shareholder of New Home since 2021, who are committing $650 million of new cash equity to facilitate this credit-enhancing transaction and position the business for future growth.
The transaction has been unanimously approved by the Landsea Homes Board of Directors and is expected to close early in the third quarter of 2025, subject to customary closing conditions.
Following the successful completion of the tender offer, New Home will acquire all remaining shares not tendered through a second-step merger at the same price.
The combined entity is expected to provide homebuyers with a wide array of housing choices, including single-family detached and attached homes, across rapidly expanding markets in Arizona, California, Colorado, Florida, Oregon, Texas, and Washington.
This combination will establish an asset-light, returns-focused homebuilder with nearly 4,000 annual closings.
John Ho, Chief Executive Officer of Landsea Homes said, &#8220;We believe this transaction with New Home will deliver immediate cash value to our stockholders at a significant premium and provide us with a strong, well-capitalized partner to accelerate our next phase of growth.&#8221;
In a separate release, Landsea reported first-quarter 2025 adjusted loss per share of 5 cents, exceeding the consensus estimate of 9 cents loss, while sales&nbsp;of $310.8 million <a href="https://www.benzinga.com/pressreleases/25/05/g45364862/landsea-homes-reports-first-quarter-2025-results" target="_blank" rel="noreferrer noopener">missed the Street view of&nbsp;$312 million</a>.
Price Action: LSEA shares are up 60.2% at $11.24 at the last check on Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com//node/44864650" target="_blank" rel="noreferrer noopener">Homebuyers Cautious Due To &#8216;Continued Affordability Constraints And Declining Consumer Confidence:&#8217; D.R. Horton Cuts Annual&nbsp;Outlook</a></li>
</ul>
Image via Shutterstock

Earnings

Small Cap

LSEA

Landsea Homes Stock Soars On Apollo's New Home Buyout At 61% Premium

Investment Will Support Leading Provider of Electric Utility Maintenance and Construction Services in its Mission to Address Growing US Power Demand and Needed Grid Improvements
HARTSELLE, Ala. and NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) today announced that Apollo-managed funds and affiliates associated with its hybrid strategies (the "Apollo Funds") have agreed to acquire a majority stake in PowerGrid Services ("PGS"), a leading provider of maintenance and construction services to electric utilities across the United States. The Apollo Funds will partner with existing PGS investors, including company management and The Sterling Group, to support PGS's continued growth.

Apollo Funds To Acquire Majority Stake In PowerGrid Services From The Sterling Group; Terms Not Disclosed

Apollo Global Management Portfolio Company, New Home Co. Has Entered Into A Definitive Agreement Under Which It Will Acquire Landsea Homes For $11.30 Per Share In An All-Cash Transaction

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HLNE

HOOD

IBKR

Janus Henderson Group plc Ordinary Shares

LPLA

LPRO

OBDC

OXBR

PIPR

PRAA

PowerShares Exchange Traded Fund Trust Dynamic Mid Cap Value Portfolio

QFIN

SHF Holdings, Inc. - Class A Common Stock

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Shares of companies within the broader financial sector are higher after the US and China agreed to a temporary reduction in most tariffs on each other's goods.

Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) has outperformed the market over the past 10 years by 9.45% on an annualized basis producing an average annual return of 19.85%. Currently, Apollo Global Management has a market capitalization of $75.53 billion. 
Buying $1000 In APO: If an investor had bought $1000 of APO stock 10 years ago, it would be worth $6,132.01 today based on a price of $132.20 for APO at the time of writing.
<h3>Apollo Global Management's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746712815_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Apollo Global Management 10 Years Ago Would Be Worth Today

Apollo Funds To Acquire Hav Energy From HitecVision; Financial Terms Not Disclosed

Mark Rowan, CEO of Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), has publicly disagreed with Warren Buffett&#8217;s perspective on tariffs and trade, viewing them as a strategic instrument rather than a &#8220;weapon&#8221;.
What Happened: &nbsp;During an interview with&nbsp;Yahoo Finance&nbsp;at the Milken Conference in California, Rowan expressed his contrasting views on trade and tariffs. Unlike Buffett, who warned against using trade as a &#8220;weapon&#8221;, Rowan sees tariffs as a tool that can be strategically effective. "There are smart tariffs and there are stupid tariffs," stated Rowan. According to the CEO, calling trade a &#8220;weapon&#8221; gives it a &#8220;political context&#8221;.
Rowan cautioned about the potential risks of imposing broad, high tariffs, such as&nbsp;the proposed 145% on Chinese&nbsp;imports. He warned that such measures could lead to significant harm for U.S. businesses, including possible retail bankruptcies. He also questioned the U.S.&#8217;s ability to endure prolonged trade disruptions without clear exemptions or phased implementation.
Rowan suggested a more cooperative approach to trade policy, proposing a North American economic bloc that would unite the U.S., Mexico, and Canada as a global powerhouse. He criticized recent U.S. policies that have introduced uncertainty and tarnished the nation&#8217;s global reputation.
&#8220;We introduced uncertainty and in the long term we actually damaged the U.S. brand by just moving precipitously moving in a non-choreographed way,&#8221; stated Rowan.
SEE ALSO:&nbsp;<a href="https://benzinga.com/25/05/45187521/buffett-tips-his-hat-to-tim-cooks-leadership-at-apple-he-has-made-berkshire-a-lot-more-money-than-ive-ever-made" target="_blank" rel="noreferrer noopener">Warren Buffett Says He Is &#8216;Embarrassed,&#8217; But &#8216;Tim Cook Has Made Berkshire A Lot More Money Than I&#8217;ve Ever Made&#8217;</a>
Why It Matters: Rowan&#8217;s comments come in the wake of&nbsp;<a href="https://www.benzinga.com/news/earnings/25/05/45184121/warren-buffett-warns-tariffs-could-backfire-on-economy-says-trade-should-not-be-a-weapon-its-a-big-mistake-i-dont-think-its-wise">Warren Buffett&#8217;s criticism</a>&nbsp;of the current administration&#8217;s trade policy at the annual shareholder meeting of&nbsp;Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>). Buffett warned that the imposition of punitive tariffs on global trade could backfire, labeling it a severe mistake.
Rowan&#8217;s differing views on tariffs and his bullish stance on America&#8217;s fundamentals are noteworthy. Meanwhile, Apollo Global Management has <a href="https://www.benzinga.com/insights/news/25/04/45119652/heres-how-much-you-would-have-made-owning-apollo-global-management-stock-in-the-last-5-years">outperformed </a>the market over the past five years by 13.11% on an annualized basis, producing an average annual return of 27.25%.
Although the Apollo CEO expresses concern over policy instability, Rowan remains confident in America&#8217;s core strengths, highlighting the nation&#8217;s competitive edge in infrastructure, semiconductor manufacturing, energy, and defense production.
&#8220;We&#8217;re seeing across the economy we&#8217;re seeing uncertainty we&#8217;re&#8230; seeing a slowdown that does not mean that cannot pick up again if we have certainty,&#8221; opined Rowan.
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<iframe loading="lazy" title="The US has damaged its brand, Apollo Global Management Marc Rowan says" width="500" height="281" src="https://www.youtube.com/embed/jQGrBjeRQLE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Apollo Global Management stock has surged more than 19% over the past month. 
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45205458/sure-seems-like-an-admission-rand-paul-asks-wasnt-the-pro-tariff-crowd-trying-to-tell-us-tariffs-wouldnt-increase" target="_blank" rel="noreferrer noopener">&#8216;Sure Seems Like An Admission&#8217;—Rand Paul Asks, &#8216;Wasn&#8217;t The Pro-Tariff Crowd Trying To Tell Us Tariffs Wouldn&#8217;t Increase The Cost Of Goods?&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

This CEO Disagrees With Warren Buffett's Tariff Stance, Says Calling Trade A 'Weapon' Gives It A 'Political Context:' 'There Are Smart Tariffs And There Are Stupid Tariffs'

Piper Sandler analyst John Barnidge maintains Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) with a Overweight and lowers the price target from $193 to $174.

Price Target

Piper Sandler Maintains Overweight on Apollo Global Management, Lowers Price Target to $174

Barclays analyst Benjamin Budish maintains Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) with a Overweight and raises the price target from $145 to $156.

Barclays Maintains Overweight on Apollo Global Management, Raises Price Target to $156

U.S. stocks advanced across the board by midday Friday, with the S&amp;P 500 eyeing its ninth consecutive day of gains—poised for the longest winning <a href="https://www.benzinga.com/markets">streak since May 2024.</a>
Risk appetite remained firm, underpinned by solid corporate earnings and a stronger-than-expected April jobs report. Nonfarm payrolls rose by 177,000, beating expectations of 130,000 and easing concerns over tariff-related hiring slowdowns.
All eleven S&amp;P 500 sectors traded in positive territory, led slightly by financials over technology. Major indexes have now fully recovered from the declines sparked on April 2, when President Donald Trump announced sweeping tariffs across trading partners.
The Nasdaq 100 climbed to levels last seen in late March, capping a strong week for tech stocks. Among the Magnificent Seven, all were on pace to close the week higher except Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which slipped 4% as strong earnings were overshadowed by weaker sales in China.
The U.S. dollar index resumed its decline, pressured by renewed calls from President Trump for the Federal Reserve to lower interest rates ahead of next week's policy meeting.
Treasury yields surged following the upbeat jobs data, with the 10-year note jumping 10 basis points to 4.31%, easing recession concerns entering the second quarter.
In commodities, oil prices fell back to $58 per barrel despite Thursday's rally on heightened geopolitical tensions in the Middle East. Gold rebounded 0.5%, set to snap a three-day losing streak, while natural gas prices jumped 4.4% to a two-week high.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged up 1% to $97,500, marking its fourth straight week of gains.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,009.90</td>
<td>+1.7%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,052.42</td>
<td>+1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,671.17</td>
<td>+1.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,130.34</td>
<td>+0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 11:30 a.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.2% to $565.03.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.9% to $411.29.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rallied 1.4% to $488.26.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 1.8% to $199.58.</li>
<li>The&nbsp;Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up 1.7%; the&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, up 0.3%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Apple Inc.: down 4.0%</li>
<li>Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): up 0.2%</li>
<li>Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>): up 0.0%</li>
<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>): up 0.7%</li>
<li>Eaton Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>): down 2.1%</li>
<li>Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>): down 1.8%</li>
<li>Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>): down 0.5%</li>
<li>Arthur J. Gallagher &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>): up 3.5%</li>
<li>Monolithic Power Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>): up 4.0%</li>
<li>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>): up 14.2%</li>
<li>Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>): down 1.7%</li>
<li>T. Rowe Price Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>): up 3.5%</li>
<li>Cboe Global Markets, Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>): up 1.2%</li>
<li>Mettler-Toledo International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>): up 1.4%</li>
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Wall Street Eyes 9th Straight Day Of Gains, Apple Falls As Chinese Sales Disappoint: What's Driving Markets Friday?

U.S. stock futures are in the green early Friday, after another winning day for the markets in the regular session on Thursday.
What Happened: The futures markets continue to inch higher following fresh signals from China that it is open to begin trade negotiations with Washington after weeks of stonewalling.
Strong earnings performance by Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Airbnb Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), amid growing trade, tariff, and geopolitical headwinds, helped lift investor sentiments following weeks of turbulence and uncertainties.
On Friday, investors will be closely watching the earnings of Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), and Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), among several others.
U.S. 10-Year Treasuries are at 4.20%, while the 2-Year Treasuries are at 3.69%. The CME Group's FedWatch&nbsp;<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank" rel="noreferrer noopener">tool</a>&nbsp;shows the markets pricing a 93.2% likelihood of interest rates remaining unchanged during the FOMC meeting that is scheduled to take place the first week of May, which marks a decrease from 95% on Thursday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Futures</td>
<td class="has-text-align-center" data-align="center">Change (+/-)</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Dow Jones</td>
<td class="has-text-align-center" data-align="center">0.54%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">S&amp;P 500</td>
<td class="has-text-align-center" data-align="center">0.50%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nasdaq 100</td>
<td class="has-text-align-center" data-align="center">0.34%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Russell 2000</td>
<td class="has-text-align-center" data-align="center">1.01%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> The&nbsp;SPDR S&amp;P 500 Trust ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.71% on Monday, while the&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq-100 Index, was up 1.31%, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;138z7gr&#x2A;_gcl_au&#x2A;MjA5Njc0MjY1My4xNzQwODM2NTUw&#x2A;_ga&#x2A;R1MxLjEuMTc0NDY0ODA3Mi4yLjAuMTc0NDY0ODA3NS4wLjAuMA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NTgyOTMzMy4xLjEuMTc0NTgyOTYyMy4wLjAuMA..">Benzinga Pro</a>&nbsp;data. Cues From Last Session: The markets were upbeat on Thursday, with most S&amp;P 500 sectors in the green, with tech and consumer discretionary sectors leading the charge. Healthcare, however, witnessed a steep decline, down 2.73% during the day, owing to the 11.66% pullback in Eli Lilly And Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), following its first quarter earnings. The S&amp;P 500 itself was up 0.63% during the day, closing at 5,604.14, followed by the Nasdaq Composite at 17,710.74, up 1.52%, the Dow Jones Industrial Average at 40,752.96, up 0.21%, and the small-cap gauge, Russell 2000, which was up 0.60%, closing at 1,975.86. Initial jobless claims at 241,000 came in significantly higher than the median forecast of 225,000, which soured sentiments during the day. As of Thursday, the Nasdaq 100 index was down 10.96% from its previous high of 22,222.61 points. The S&amp;P 500 index was 8.83% lower, as compared to the last record high of 6,147.43 points. On the other hand, Dow Jones was down 9.58% from its 52-week high of 45,073.63 points.</figcaption></figure>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Index</td>
<td class="has-text-align-center" data-align="center">Performance (+/-)</td>
<td class="has-text-align-center" data-align="center">Value</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nasdaq Composite</td>
<td class="has-text-align-center" data-align="center">1.52%</td>
<td class="has-text-align-center" data-align="center">17,710.74</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">S&amp;P 500</td>
<td class="has-text-align-center" data-align="center">0.63%</td>
<td class="has-text-align-center" data-align="center">5,604.14</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Dow Jones</td>
<td class="has-text-align-center" data-align="center">0.21%</td>
<td class="has-text-align-center" data-align="center">40,752.96</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Russell 2000</td>
<td class="has-text-align-center" data-align="center">0.60%</td>
<td class="has-text-align-center" data-align="center">1,975.86</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to analyst Seth Golden, a chief market strategist at the Finom Group, the S&amp;P 500 having retraced 50% of the bear market at closing on Thursday, points towards the markets going to their all-time high.
Golden says, &#8220;Since 1956, when this occurred, the index went on to all-time highs and was higher 12 months forward 100% of the time.&#8221; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s official &#x2705; S&amp;P 500 has retraced 50% of the bear market on closing basis. Since 1956, when this occurred, the index went on to all-time highs and was higher 12 months forward 100% of the time! Only time the low was not in was 2022 (Jackson Hole &quot;more pain to come&quot;)<a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a>… <a href="https://t.co/CeiiVqmdks">pic.twitter.com/CeiiVqmdks</a>
&mdash; Seth Golden (@SethCL) <a href="https://twitter.com/SethCL/status/1918106892418580919?ref_src=twsrc%5Etfw">May 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The only time this didn&#8217;t happen, says Golden, was in 2022, when Fed Chair Jerome Powell made his infamous &#8220;more pain to come&#8221; speech, leading to steeper declines in the market.
Upcoming Economic Data:
<ul>
<li>U.S. Non-Farm Payrolls, U.S. Unemployment Rate, U.S. Hourly Wages, and Hourly Wages Year-Over-Year are all set to be announced by 8:30 AM ET on Friday. </li>
<li>Factory Orders report for March is scheduled to be announced by 10 AM ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) is set to release its earnings on Friday, and while there is no clarity on the timing of the announcement, the stock is up 1.12% pre-market. Analysts expect the company to report $4.72 per share in earnings, on $81.59 billion in revenue. </li>
<li>Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) will be releasing its earnings at 9:30 AM, with analysts expecting $1.73 per share earnings, on $86.1 billion in revenue. The stock is up 0.87% pre-market. </li>
<li>Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is scheduled to announce its first quarter earnings by 11:00 AM, with consensus estimates pegging its earnings at $2.15 per share, on $48.4 billion in revenue. The stock is up 0.66% pre-market. </li>
<li>The Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>) will be releasing its first quarter earnings before markets open at 8:30 AM, with the stock trading up 1.16% pre-market. Analysts expect $6.35 earnings per share, on $60.4 billion in revenue. </li>
<li>Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) is up 1.23% pre-market, with the company expected to release its first quarter earnings before markets open at 8:30 AM. Analysts expect $1.84 in earnings, on $964 million in revenue.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures are down for the day by 0.65%, trading at $58.87 per barrel, amid growing concerns of a recession and oversupply.
Gold Spot US Dollar has finally broken free from its losing streak, and is up 1.31% on Friday, trading at $3,259.42 per ounce, which is still considerably lower than $3,500.33 per ounce last week. The U.S. Dollar Index is down 0.48%, trading at 99.7175 at the time of writing.
All Asian, Australian, and New Zealand markets are in the green on Friday, barring China&#8217;s Shanghai Index which is marginally lower. 
Image via Shutterstock

General

US Futures Rise As Apple, Amazon, Airbnb Earnings Boost Market Sentiment: S&P 500 Hits Milestone That's Preceded A 100% Win Rate Since 1956, Says Expert

Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) reported quarterly earnings of $1.82 per share which missed the analyst consensus estimate of $1.96 by 7.14 percent. This is a 5.81 percent increase over earnings of $1.72 per share from the same period last year. The company reported quarterly sales of $5.55 billion which beat the analyst consensus estimate of $4.64 billion by 19.44 percent. This is a 21.19 percent decrease over sales of $7.04 billion the same period last year.

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Apollo Global Management Q1 Adj. EPS $1.82 Misses $1.96 Estimate, Sales $5.55B Beat $4.64B Estimate

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