Blackstone (BX) has had a robust season of investment activity, notably pouring a mammoth $300M into
DDN - an AI data storage provider responsible for Elon Musk's Supercomputer infrastructure. Several wealth management firms are increasing their
holdings in Blackstone, reflecting investor confidence. The firm has made strategic acquisitions like a majority stake in Citrin Cooperman and
AirTrunk in a whopping A$24B transaction. Its actions in the
data center market have been praised by commentators like
Jim Cramer. Despite cautionary signals like insider stock disposals, Blackstone's momentum seems unmarred, as reflected in the Q3 2024 Earnings Call highlighting an all-time high AUM. There are advanced talks of acquisitions like shopping center owner Retail Opportunity. The firm has overseen ambitious projects such as the $8-billion deal for sandwich chain
Jersey Mike's Subs, and signals an expansion into the private credit sphere. Blackstone has been acknowledged as one of the top asset management stocks by hedge funds, amidst breaking records for Asset Under Management (AUM) in Q3. However, the firm’s disposal of shares by their Chief Legal Officer, and the downgrade from 'buy' to 'hold' by StockNews.com suggests a potential bearish outlook.
Blackstone BX News Analytics from Wed, 27 Mar 2024 07:00:00 GMT to Fri, 10 Jan 2025 22:39:46 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 4
