Analyst Says Stocks Like Apollo Global Management (APO) Now 'Oversold'

We recently published 10 Stocks Everyone’s Discussing Amid Latest Earnings Season. Apollo Global Management Ord Shs (NYSE:APO) is one of the stocks everyone's discussing.

Joseph Terranova, Senior Managing Director, Virtus Investment Partners, said in a recent program on CNBC that sentiment around financial stocks has deteriorated following recent concerns about debt and credit quality. However, the analyst said major stocks like Apollo Global (NYSE:APO) are now “oversold.” The analyst said he has APO in his portfolio.

“I think they’re getting oversold. I think clearly the mood has soured, in particular for the financial sector itself. Keep in mind, in the month of October, while we have the shift towards quality, healthcare is up 5%, financials are down 2%. They’re the worst-performing sector so far month to date. I think the private equity space has been somewhat oversold, and also I think we’ve taken to the extreme the concerns surrounding private credit and specifically applying it to these individual names. We own Apollo Global Management Ord Shs (NYSE:APO). I also like Carlyle. Also, I will share that in the last week, I probably had three meetings about private infrastructure. I don’t know if you’re seeing that—you see more of that world than I do—but it seems as though the new quote-unquote alternative is let’s go to private infrastructure because the government and the municipalities don’t have the money. The private sector does. Let’s make the investment there. Let’s get the retail community in it as well. And BlackRock bought a big global infrastructure a few months ago as well.”

Baron FinTech Fund stated the following regarding Apollo Global Management, Inc. (NYSE:APO) in its Q1 2025 investor letter:

“Shares of alternative asset manager Apollo Global Management, Inc. (NYSE:APO) detracted in the first quarter, largely stemming from a reversal in sentiment on the economy and capital markets activity. As mentioned above, alternative asset manager stocks performed well last year, especially after the November elections, on expectations of a recovery in capital markets activity fueled by deregulation and economic growth. Those expectations waned in the first quarter due to uncertainty and volatility around the Trump administration’s policy initiatives. As sentiment faded, alternative asset manager stocks gave back their post-election gains. We continue to own the stock due to Apollo’s differentiated focus on credit and strong management team.”

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Disclosure: None. This article is originally published at Insider Monkey.