The IBD SmartSelect Composite Rating for Apollo Global Management increased from 91 to 96 Wednesday.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Apollo Global Management is currently extended beyond a proper buy zone after breaking out from a 126.45 entry in a cup without handle.
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The stock has an 89 EPS Rating, meaning its recent quarterly and annual earnings growth tops 89% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 55% EPS growth. Revenue growth climbed 200%, up from -56% in the prior report. That marks one quarter of increasing revenue gains.
Apollo Global Management holds the No. 13 rank among its peers in the Finance-Investment Management industry group. Janus Henderson Group, KKR and Blue Owl Capital are among the top 5 highly-rated stocks within the group.
