U.S. Markets open in 6 hrs 39 mins

What Makes Apollo Global Management (APO) a Strong Sell?

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is Apollo Global Management, LLC APO, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in APO.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen one estimate moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from $1.22 per share a month ago to its current level of $1.09 per share.

Also, for the current quarter, Apollo Global Management has seen one downward estimate revision versus no revision in the opposite direction, dragging the consensus estimate down to 32 cents a share from 45 cents over the past 30 days.   

The stock also has seen some pretty dismal trading lately, as the share price has dropped 14.1% in the past month.

Apollo Global Management, LLC Price and Consensus

Apollo Global Management, LLC Price and Consensus | Apollo Global Management, LLC Quote

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Financial – Investment Management industry, you may instead consider a better-ranked stock - Capital Southwest Corporation CSWC. The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank stocks here.

3 Medical Stocks to Buy Now

The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.

So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.

See them today for free >>
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Apollo Global Management, LLC (APO) : Free Stock Analysis Report
 
Capital Southwest Corporation (CSWC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research