Blackstone (BX) hits $1 trillion in AUM

JPMorgan Downgrades The Blackstone Group (BX) to Neutral

July 21, 2023 6:02 AM EDT

JPMorgan analyst Kenneth B. Worthington downgraded The Blackstone Group (NYSE: BX) from Overweight to Neutral with a price target of $111.00 (from $102.00).

The analyst comments "We are Downgrading Blackstone to Neutral from Overweight. In our opinion, Blackstone remains a best-in-class alternative asset... More

Netflix, Tesla, IBM fall premarket; Johnson&Johnson, DR Horton rise

July 20, 2023 8:06 AM EDT

Investing.com -- U.S. futures traded in a mixed fashion Thursday, as investors digested a deluge of corporate earnings, with the tech sector in particular focus.

Here are some of the biggest premarket U.S. stock movers today:

Netflix (NASDAQ: NFLX) stock fell 6.4% after the streaming giants quarterly revenue and forecast fell short of estimates, even after it reported nearly 6 million subscriber... More

Blackstone reaches record $1 trillion in assets; Q2 earnings slump

July 20, 2023 7:07 AM EDT

By Chibuike Oguh

NEW YORK (Reuters) - Blackstone Inc said on Thursday it became the first manager of alternative investments such as private equity and real estate to reach $1 trillion in assets, a milestone accompanied by news its second-quarter distributable earnings dropped 39% amid a slump in asset sales.

Blackstone achieved its $1 trillion goal three years ahead of schedule after setting out in 2018 to hit that level by 2026. Its biggest rival, Brookfield Asset Management Ltd, has $825 billion in assets.

The moment was seminal for Blackstone's CEO Stephen Schwarzman, who co-founded the New York-based firm in 1985 with just $400,000 in start-up... More

Blackstone (BX) Reports In-Line Q2 EPS

July 20, 2023 6:59 AM EDT

Blackstone (NYSE: BX) reported Q2 EPS of $0.93, in-line with the analyst estimate of $0.93. Revenue for the quarter came in at $2.81 billion versus the consensus estimate of $2.41 billion.

For earnings history and earnings-related data on Blackstone (BX) click here.

... More

Tesla, Netflix earnings; Apple reportedly tests AI tools - what's moving markets

July 20, 2023 6:04 AM EDT

Investing.com -- Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX) shares fall, weighing on the Nasdaq, following the latest earnings from the big-name tech brands. Meanwhile, the parade of quarterly results in the U.S. marches on, and Apple (NASDAQ: AAPL) reportedly becomes the latest contender in the race to develop generative artificial intelligence (AI) technology.

1. Tesla margins fall; Netflix revenue disappoints

Shares in Tesla and Netflix both dropped in premarket trading as investors digested mixed second-quarter results from... More

Tesla, Netflix earnings; Apple reportedly tests AI tools - what's moving markets

July 20, 2023 6:04 AM EDT

Investing.com -- Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX) shares fall, weighing on the Nasdaq, following the latest earnings from the big-name tech brands. Meanwhile, the parade of quarterly results in the U.S. marches on, and Apple (NASDAQ: AAPL) reportedly becomes the latest contender in the race to develop generative artificial intelligence (AI) technology.

1. Tesla margins fall; Netflix revenue disappoints

Shares in Tesla and Netflix both dropped in premarket trading as investors digested mixed... More

The Blackstone Group (BX) PT Raised to $120 at UBS

July 19, 2023 9:36 AM EDT

UBS analyst Adam Beatty raised the price target on The Blackstone Group (NYSE: BX) to $120.00 (from $102.00) while maintaining a Buy rating.... More