Apollo Global Reclasified But Still Strong | Business and Finance News

Apollo Global got dumped from the Russell 1000 Growth Index, triggering a sharp stock drop as it was shifted into the Value Index — a move that kicked it out of two massive growth ETFs and sent its price plummeting. But here’s the twist: its business fundamentals are rock solid, with record fee income and strong earnings growth, and Wall Street still rates it a buy. The sell-off may be a buying opportunity — because this isn’t a company in decline, it’s just being misclassified by algorithms. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/07ef4eb8c8fc541f