Meet 2 of the Newest Additions to the S&P 500 Index. Their Stocks Have Rocketed 868% and 460% Since Their IPOs, Although Things Could Change in 2025, According to Wall Street.

The broader benchmark S&P 500 will soon undergo its quarterly rebalancing on Dec. 23. This involves dropping certain stocks from the index and adding others to replace them. Changes help keep any particular index more reflective of its underlying market cap. The S&P 500 comprises large-cap companies with market caps over $10 billion that fulfill a certain set of criteria. Joining an index can be a catalyst because funds and investors that track the index essentially have to buy the stock, leading to inflows.Let's meet two of the newest additions to the S&P 500, which have surged since their initial public offerings over a decade ago, and also see what Wall Street thinks of each stock heading into 2025.Apollo Global Management (NYSE: APO) is one of the largest private equity (PE) companies in the world with more than $650 billion in assets under management (AUM) at the end of 2023. The company's flagship PE fund seeks to invest in a range of opportunities across sectors and geographies that generate attractive risk-adjusted returns. Since its inception, Apollo's PE fund has generated 24% net internal rates of return.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool