Apollo: Fed Shouldn’t Be Too Aggressive With Rate Cuts

Earn While You Learn! ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, Apollo: Fed Shouldn’t Be Too Aggressive With Rate Cuts Don’t expect much from today’s trading. Most traders are likely to avoid making big bets ahead of tomorrow’s high-stake jobs report. September’s nonfarm payroll report will be released on Friday to reveal the latest state of the labor market. It could determine the Federal Reserve’s next interest rate decision. Marc Rowan, the CEO of Apollo Global Management, said the Fed shouldn’t be too aggressive with rate cuts. “It is not clear we need more rate cuts,” said Rowan. Financing remains easy to obtain and real estate prices are rising. A strong jobs report might reinforce Rowan’s point that the Fed shouldn’t cut too much. Marc Rowan, the CEO of Apollo Global Management (Photo: Victor J. Blue—Bloomberg/Getty Images) Richmond Fed President Thomas Barkin also warned that it is still too early to take the foot off the brake. He is still worried about inflation and the jobs market. A hot economy might aggravate inflation, and there are geopolitical risks and the port strike that could shock the supply side. We will get the latest reading for initial jobless claims today. All in all, Wall Street is skipping put options. They are extremely bullish now. Mary Ann Bartels at Sanctuary Wealth said liquidity is high just as the Fed begins to cut rates. So, stocks could go higher from now on. - “While the stock market is grappling with a variety of worries—including escalating tensions in the Middle East, a port strike and election uncertainty — liquidity is key and there is plenty of it now that the Fed has started to cut interest rates … that means that markets can continue to grind higher,” said Mary Ann Bartels, chief investment strategist at Sanctuary Wealth. - “Embrace October’s volatility, as there is still plenty of fuel left in this bull market.” Mary Ann Bartels, chief investment strategist at Sanctuary Wealth (Photo: Sanctuary Wealth) Besides the jobs report, investors are monitoring the Middle East conflict. Israel vowed to retaliate for Iran’s missile attack, and there are talks about hitting Iran’s nuclear facilities and/or oil factories. Risks are rising around the world, but there still hasn’t been a “black swan” event that sets off the new market direction. Healthcare is a Massive Industry, And This Company is One of the Best Growth Stocks In The Industry Today’s Stock Pick: PACS Group (PACS) PACS Group has found a marvelous niche with a long growth runaway. It operates mostly skilled nursing centers in just 9 states. Meaning? There are LOTS of states that PACS can enter to expand its business. And yet, it is already one of the largest skilled nursing facility operators in the country. What makes skilled nursing centers (SNF) an attractive market is that the cost of care by facility per day is much lower versus other options for the Post-Acute Care. Often three times cheaper. Naturally, SNFs are becoming more attractive to insurers. (Source: PACS Group) Now, let’s talk about its business. It has 220 facilities taking care of 22,000+ patients. Its mature facilities have 94.2% occupancy rate, and the average ratings for mature facilities is fantastic at 4.3. (Source: PACS Group) What makes PACS Group unique is its decentralized approach. They delegate decision-making powers to the local level. Why? Locals know the best for each community’s needs. What a town in Texas needs can be different from a California town. So, PACS allows its “local CEO” to run the region. (Source: PACS Group) Moreover, the company developed a clear roadmap for recent college graduates to move up in the company. There are mentorship and administrator-in-training programs. They can work their way up to become a regional VP (or a “local CEO”). Clinicians also have good opportunities. There are training & tuition to support their efforts to “uplicense”. The company even fully funds their continuing education. There is a path to clinical leadership positions. (Source: PACS Group) Sounds like a high-performance organization, right? It can only help PACS Group develop competitive advantage in its effort to consolidate the industry. There are ~15,000 SNF facilities in the US. Here’s the kicker… The top 10 providers (including PACS) own only 11% of the market! It is so fragmented, so PACS has many years to acquire and consolidate for steady earnings growth. (Source: PACS Group) The company has a track record of growing its SNF facilities. The cumulative facility count increased every year since 2013. The company began by acquiring two facilities in 2013 and grew it to 218 in 2023. (Source: PACS Group) I am sure you are dying to see its revenue growth. You’ll love it. It grew revenue 63% CAGR in the last three years! (Source: PACS Group) The company expects revenue to grow by about 25% from 2023, while its adjusted EBITDA is projected to increase by 57%. (Source: PACS Group) Bottom line: PACS Group is operating in a fragmented market with a huge opportunity to consolidate. The future is bright. Its superior management system gives it a competitive advantage over others. This is a good stock to own.   [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!](     © All Rights Reserved, Trade Alliance [Unsubscribe]( | [Manage Preferences](