Blackstone Inc. (NYSE:BX)

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  • shoredriver: $BX....slight pucker....
  • shoredriver: $BX....looking for bounce....maybe....
  • SusanW: $BX Not much of a bounce. I am holding and waiting.
  • shoredriver: $BX...watching for entry.....
  • joelsg1: $BX Now that's a nice 2 year cup, Long.
  • wineinquirer: $BX $ARES @Dan .......$BX being added to S&P 500 bmo next 9/18 so that's likely behind recent runup. Coming out of base (wkly), beginning to build the R side of cup? Like $ARES, as well. In same industry as $BX but has alread broken out. (Measured move from bottom ragged cup to breakout ~120. Clear ascending triangle from base bottom to breakout, as well. Would appreciate your feedback. Thx............ and hope all is well with family, business and dogs (of course)!!
  • DAN: @wineinquirer $BX $ARES Sorry I didn't get to this in the webinar.

    BX -- Certainly the add to SPX helps the stock. But it was going higher before then ... good turnaround in June. And yes, I'd say that the right side of the cup is looking pretty d ...
  • debeers: $BX- Is the Evergrande stink off?. IMO yup and it was rightly trounced for it BUT it will be in the S&P on the 18th and despite what you might have heard, and the repentence still to come, September will end.
  • wineinquirer: $BX $ARES $SPY Looking to add some stability to my long term portfolio as short term treasuries mature @5.3-5.5% (or I trade out early). Interested in $BX 3.3% div & $ARES 3% div. Both sport strong returns ytd, 1,3,5y ($BX barely etched out $SPY in 1y but 3.3% div vs. 1.4 for SPY adds a little extra.. $BX to be added to S&P 500 9/18 bmo. Anyone have experience with either of these in their portfolios? Best wishes to all for a safe & peaceful long weekend!
  • Henry: @wineinquirer $BX I can only speak to BX. In 2015 I bought some at $34.5 and in 2019 at $55.4 The stock closed at $105.61. By my back of the envelope math, that is 25 and 22% a year. Is this where I say "Past perfomance does not guarantee future results" 😎
  • Onthemark: Not a bad day so far, (fingers crossed), Holding/adding to $ARDX, $CPA, $GTLS, $BX, and $ACHR
  • mopick: $BX, another upgrade, this time from Morgan Stanley, price target $125. $UBER, new upgrade from Tigress, $66 target. Holding both.
  • mopick: $BX, another upgrade, this time from UBS. Price target now $120. Earnings tomorrow. Taking some off in advance.
  • curtis: @mopick $BX I did the same)
  • mopick: $BX, another upgrade, Citi goes to $116. Earnings tomorrow.
  • SusanW: $BX. Sold some keeping most. It has been on a tear lately
  • Onthemark: $BX added on today's breakout
  • mopick: @Onthemark $BX, am with you on this one. Wells raised price target to $104.
  • Onthemark: @mopick $BX Running into resistance here at 98. I was able to pick up more around 95 today. If it pulls back, I will add on the bounce.
  • Zimzala: @Henry $BX $Bitcoin $BX or $BLK?
  • Henry: $BX $Bitcoin Blackrock wants to start a Bitcoin ETF Novagratz says he says a hail Mary every night that they get the designation.
  • DavidK: @Henry $BX $Bitcoin Larry the Fink wants to own everything and also tell you how you are suppose to love your life . Pos he is
  • Henry: @DavidK $BX $Bitcoin Not fond of him and his goals, but he may know which buttons to push to get his way.
  • Mounty: $BX starting to squeeze
  • joelsg1: @Mounty $BX Nice snap back to 200d bounce today.
  • vitoB: even $BX can manage to beat the low bar these days .. np but im short banks here, wrong for now we'll see
  • Onthemark: @vitoB $BX Took partial profits here on $BX
  • indigo1948: $BX - starting to lok good RHRN. Approaching the 50 DMA on the weekly chart and it has broken above the 200 DMA on the daily chart- $93.00 is the next level I am looking at.
  • scottrades: Some Earnings to be aware of for next week: $TSLA $SCHW $BAC $NFLX $JNJ $GS $MTB $STT $TSM $ASML $LMT $MS $UAL $AXP $RAD $T $BK $PLD $GNTY $IBM $USB $NOK $PG $ERIC $ISRG $NDAQ $BKR $ABT $ALK $SLB $ALLY $MBWM $WAL $FCX $BX $JBHT $UNP $CBSH $DHI $PM $ELV $AA $TFC $LRCX $KEY $FITB $CFG $SYF $NUE $TRV
  • joelsg1: $BX Maybe showing bottoming "W" on daily. U.C. invests $4B in its BREIT real estate fund for at least 5 yrs with guaranteed annual return of 11.25%.
  • shoredriver: $BX....down another 4.5% .....getting closer to my 68ish reentry point....
  • vitoB: @shoredriver $BX hows that yield ?
  • joelsg1: @shoredriver $BX Yep, yield not helping as still another month until next ex-divi and tax loss selling underway, but down to the bottom of that weekly channel now. Long with wash sale implications so holding.
  • lauralynnee: @shoredriver $BX $BX my entries on this one have always been wrong, would you mind sharing why the 68 mark looks good? Interested in learning Thanks!
  • joelsg1: $BX Charm offensive underway and stock has bottomed following BREIT news. I was 2 days early on entry, but in the green now.
  • vcondry: @joelsg1 $BX at 6% divvy i'll take another shot
  • mikethompson: @vcondry $BX As long as they don't cut it! Payments have gone down every quarter this year
  • vcondry: @mikethompson $BX quit making sense ;-D
  • shoredriver: @mikethompson $BX ...FWIW....a divie cut(s) is likely in"23....waiting for 68-71 for possible reentry...these guys are smart..but there is likely some punk in their CRE....
  • joelsg1: @vcondry $BX Stop Making Sense, 80's Talking Heads movie.
  • joelsg1: $BX Has been schmeissed past year including recent H&S fakeout last month, But...Director Ruth Porat ,tight-fisted $GOOGL CFO, revealed today she purchased 20k shares on 12/2 at $85 and $82 more than doubling her family ownership. Cautious Long entry, 6% divi.
  • vcondry: @joelsg1 $BX $GOOGL where would you put your stop? Love the company but it just keeps getting hammered.
  • joelsg1: @vcondry $BX $GOOGL $75.72, bottom BB, above 200d.
  • shoredriver: @joelsg1 $BX $GOOGL ....schmeissing likely not over....will jump back in closer to mid 60'ish....
  • joelsg1: @shoredriver $BX $GOOGL Maybe, but I think 6% yield supports.
  • shoredriver: @joelsg1 $BX $GOOGL ....you will then love the yield at 68-70.....
  • joelsg1: @shoredriver $BX $GOOGL 7% at 70, so yes.
  • Vineet: any idea what the reason for drop is on $BX
  • vitoB: @Vineet $BX go woke go broke. I'm actually in favor of the intent but that saying is just great Dan
  • kbrowe: @Vineet $BX news this morning. NEW YORK --(BUSINESS WIRE)-- Blackstone Real Estate Income Trust, Inc. (“BREIT”) and VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or “VICI”) announced jointly today that they have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort , will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of the existing property-level debt. The property-level debt has a principal balance of $3.0 billion , matures in 2032, and bears interest at a fixed rate of 3.558% per annum through March 2030 .
  • Docoof: @kbrowe $BX I was about to post something I typed out when I saw your post. I’ll post it here, but it’s just an update on more of the same: #News (Fwiw) $BX Blackstone limits withdrawals at $125bn property fund as investors rush to exit. Blackstone has limited withdrawals from its $125bn real estate investment fund following a surge in redemption requests, as investors clamour to get their hands on cash and concerns grow about the long-term health of the commercial property market. https://www.ft.com/content/e1ddc6f0-eb0a-4d52-8971-b1d9c2cb5c02 https://finance.yahoo.com/news/blackstone-limit-withdrawals-giant-real-155132626.html
  • DAN: @vitoB $BX ;-)
  • mopick: $BX, closing in on the 50 dma. NP
  • vcondry: @mopick $BX its a ROTH revival! My largest position (small account)...now less underwater lol.
  • scottrades: Reminder about some #Earnings for the week: $TSLA $BAC $NFLX $SCHW $GS $JNJ $BK $T $UAL $VZ $LMT $SNAP $AAL $GNTY $SI $NOK $NUE $ASML $PG $IBM $HAS $AXP $ALLY $ACI $ABT $ISRG $BKR $BX $LRCX $FCX $NDAQ $AA $SLB $DOW $MRTN $STT $SBNY $JBHT $PLD $TRV $MNSB $ERIC $PM $ALK
  • joelsg1: $BLK Obscured by CPI noise was beat on E and less AUM outflow than expected. Some State treasurers pulling assets (way too late if they were competent) for some vague ESG politics generating noise but a flea off this behemoth's back. Good news for $BX with double the yield which I own and on watchlist to add on any sustained turn.
  • Docoof: @joelsg1 $BLK $BX Fwiw. BofA today: We expect the $BLK stock to outperform over the next 12 months as the firm continues to take profitable market share through its secular growth businesses where it has a leading franchise and/or early mover advantages (ETFs, fixed income, multi-asset, ESG, alternatives, technology). $BLK also has significant scale advantages, especially with global distribution as institutions and retail intermediaries are consolidating their asset manager relationships. We forecast ~5% organic growth for $BLK across the cycle which should translate into low double-digit EPS growth due to beta, operating leverage and capital management. We expect $BLK’s EPS growth to outperform peers by 500bps+ per year going forward. [PT Raised to $751 from $720]
  • vcondry: $BX screaming off the lows....was $82 a few days ago... NP unfortunately.
  • vcondry: @Scottrades and @champ whats your opinion on $BX here at a new 52wk low bottom of bollinger and paying 7% worth dipping a toe in or fools gold?
  • stairm01: @vcondry $BX Looks similar to many Yield Hogs ($NLY-17% $CLM- 25.98% $AGNC-15.8% $NEWT-16.5%) and banks ($BAC $JPM $FAS $C) in general. They all have rolled off a cliff and dropping like a rock. I'm watching for a bottom in AGNC and CLM, provided they continue to pay their dividend.
  • vcondry: @stairm01 $BX $NLY $CLM $AGNC $NEWT $BAC $JPM $FAS $C It operates much differently than those companies though. Not a REIT and I don't believe was ever intended to be a yield hog just has gotten crushed with the wider market.
  • scottrades: @vcondry $BX Weekly support is still 10% down.
  • vcondry: @scottrades $BX thanks!
  • champ: @vcondry $BX ....For me, my guess is that this stock is dropping because of their #huge Real Estate holdings...in Housing, Office, Retail properties and Rentals....and that run looks to be over......
    ~~~...so Investors are probably thinking now, aft ...
  • vcondry: starter on $BX here at 91.93 with a stop of $87 just an idea
  • debeers: $BX-comimng out from under.
  • debeers: $BX-not now--too early gone.
  • vcondry: @debeers $BX want to jump back in this where do you see a good entry or is it just a wait and watch.
  • debeers: $BX-Deutsche Bank goes from 125 to 135.LONG
  • debeers: $FSLR-Keybank upgrades to overweight from equal weight and goes to 145. $BX- Rents are going through the roof and Blackstone benefits greatly because they own several multifamily apartment complexes.LONG
  • shoredriver: $BX..new HOD...long from way below...nice weeklies to sell....
  • debeers: $BX/$FSLR/$MOS/$NTR/$OXY -50 50 with the $MTDR/ $NTR/ $TSLA- i think the selling is done and i don't think Musk is foolish enough to go after his shareholders twice. No position in $TWTR but i think he'll have to pay at least 50. i like $AJG a lot but the biggest beneficiary of interest rates lower than expected is $BX-on the large bank side and probably either Regions financial or $SIVB on the re4gional side. $SIVB picked up a genius in wealth management but for today just $BX.
  • stairm01: $COIN Up big. $BX partnership. Have been long stock from 59.18. Winner, winner!
  • Roadrunner: @stairm01 $COIN $BX CONGRATS!
  • stairm01: @Roadrunner $COIN $BX Thanks! Nice to get a big winner once in a while. Today, I have two. I own $RIDE from 2.31
  • debeers: $HSY-LONG FORM; BEATS ESTIMATES RAISES OUTLOOK AND INCREASES DIVVIE -imo the best of the best and we're not even in September for pre- Halloween. SHORT FORM; Reese's and KISSES! and gimmee s'more! Have you heard of the Jackson Five? This is the debeers five- $BX/$F/$HSY/$MSFT/$MTDR-A financial, An industrial/ a staple/ a tech/ a diversified oil and gas
  • debeers: $BX@SusanW- i think we got a confirm today of them staying out of Chinese Real Estate imo./
  • wineinquirer: @debeers $HSY $BX $F $MSFT $MTDR $HSY The Candy Man agrees............https://www.youtube.com/watch?v=fq7WX5oINAQ. Oh, those good ole days, eh?
  • wineinquirer: $MSFT $BX Big minute vol 10:53-11:09 for $MSFT. Started very small. Nice min vol spikes for $BX.......took a starter, as well.....both for long term
  • debeers: $BX-Morgan Stanley goes to 121 on Blackstone OUTPERFORM. Would be a very nice move over the 95 it trades at now. LONG - it took a long time for the Evergrande stink to go away.LONG Piper Sandler goes to 120 on $BX
  • SusanW: @debeers $BX Do you know if BX is involved with any other Chinese real estate.
  • debeers: @SusanW $BX - No-i think they took the cure though. Now clesnsed they can rise again. I doubt if Morgan Stanley would stick its neck out or Piper either if they hadn't already had their baptism by fire.
  • Motorman: $BX 59er
  • shoredriver: $BX....moderate comeback....a point off opening price...LT hold from way below....for me double digit yield and chub weeklies. to sell...
  • shoredriver: $BX...nice roll into earnings bmo Thursday........
  • debeers: $BX-Morgan Stanley gives $BX a 125. LONG into 7/21.- i think these guys go to their club and talk each other up. No matter. Working.LONG
  • debeers: $BX-All the companies cutting back--maybe their guys can land a job with $BX- Blackstone and Hudson Pacific Properties (HPP) have received a positive resolution at planning committee to develop Sunset Waltham Cross Studios, a major new studio facility for feature films, high-end television and digital production in Broxbourne, Hertfordshire 07/19/2022 Sunset Waltham Cross Studios will target a potential 2025 opening. 21-stage complex will be a global hub for UK and international film and television productions. Project expected to create over 4,800 jobs and contribute 300 million annually to the local Hertfordshire economy.
  • debeers: $GS the squid comes through and $BX completed its acquisition of an Apartment biz last week. This is what i see---if mortgage rates are going up and they are, some that could qualify for loans before probably cannot now- which should make the ownership of the apartment space more attractive and income producing. IMO the stank of Evergrande has been more than paid for---we'll seein a couple of days when they report. General observation--Do you really want to be in China now with their shut down/open up/ shut down flipping? $OXY-Warren is behind you=-every time the price of oil is down, Berkshire buys a higher stake.
  • scottrades: Let's get ready to rumble... Some of the #earnings for the week $TSLA $NFLX $BAC $GS $SCHW $JNJ $CLF $HAL $SNAP $PLD $IBM $SYF $T $ASML $LMT $AAL $NOK $SI $ALLY $GNTY $UAL $FCX $VZ $BX $HAS $AXP $ABT $NDAQ $SLB $NUE $AA $DOW $JBHT $CFG $TWTR $DHI $MAN $MRTN $BKR $DPZ $SBNY $PM $NVS $TFC $UNP
  • debeers: $LEVI-Nice Beat NP-- $BOOT. Bought $BOOT pre market anticipating the beat in $LEVI. $BOOT/$ON/$BX/$CI/$HSY/$PXD/$ULTA/$UNH- While Cigna broke out there hasn't been 1 quarter miss for $UNH in over 3 years and it reports in a week.i have both/
  • bRobert: $BX H&S top in many places DAily on the tee $80 - $60 potential BELOW 200w
  • bRobert: $BX. at. neckline. Speed bump. Daily. H&S. top. WEEKLY. one. in motion. $80/$60. potential targets. Juicy downside on failed bounces $XOP. 50w/200d. date as. advertised. There is. lower. potential to $90. 200w. area. with failure. at. 50w. Long. $DRIP. as posted. 20d/20w.pullback bounce. was. a low risk entry. with. stop below Daily Inv. h&s. $37.50 200d. potential $25. neckline. speed. bump
  • bRobert: $BX WEKLY bear flag throwback H&S top 200w $70 with resumption $FAZ WEEKLY breakout Flag $40
  • debeers: $OXY-Buffett buys an additional 794,389 shares and now owns 16.4% of the company.. Biden findss out from Macron on a camera thast was NOT supposed to be on that the Saudis are running out of capacity. How sweet for the oil execs that The President blew off to meet with a windpower company. What an embarrasament and miscalculation and it will create higher prices for the poor working man, not the Secretary of Energy who fles around in a prvate plane.....................LONG-$OXY/$DVN *************** $BX-Elsewhere, China opens up (again) and allows travel to Macau. Guess who bought the gem of Macau-Crown Resorts and closed the deal 48 hours ago? Oh, that would be Blackstone-$BX.LONG from the 8.5% divvie payout.
  • Docoof: @debeers $OXY $DVN $BX Hi. I’m posting the same here. #Oil Warren Buffett's Berkshire Hathaway Inc said on Monday it has purchased another 794,389 shares of $OXY, giving Berkshire a nearly 16.4% stake in it. The purchases were made in multiple transactions and cost about $44 million, Berkshire said in a regulatory filing. The share purchases come nearly a week after Berkshire bought 9.6 million Occidental shares. https://finance.yahoo.com/news/buffetts-berkshire-buys-more-occidental-080752834.html
  • debeers: $BX-wrong on this-so i doubled down on $MS who is buying back their own stock.
  • debeers: $BX/$DVN/$HSY/$LLY/$OXY/$UNH-healthcare and energy may seem to be odd bedfellows but they play well together. The small amount fror $BX down? The divvie is almost 6 percent if you bought today. I waited until it was over 8--if it gets there again i'll add. Not much else to do but enough to be happily green in a red tape.
  • debeers: ...
    Las Vegas Sands which is totally Southeast Asia now is up on Macau gambling. Guess who acquired Crown Resorts? Oh, that would be $BX. No misses on earnings but you gotta be patient to own it.LONG
    $CRM-Made the biggest splash last week at the big tec ...
  • debeers: MARKET TRUTH; "WHEN THE OSSY IS AT MINUS TEN-YOU DIP YOUR TOE AND GET IN AGAIN!" $BX/$CRM/$HSY/$OXY/$SNOW/$TSLA/$ULTA All my opinion, of course.
  • debeers: $BX-Closed the Crown Resorts deal (Yay!) and divvie over 8%(double yay) coming into this am.
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Stock Price $131.33
Change 0.34%
Volume 1,091,400

Blackstone Group LP is an alternative asset manager and a provider of financial advisory services.

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