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Summary
- Brookfield Asset Management and Blackstone have seen their stock prices plummet lately.
- We examine the reasons why these stocks are plunging right now and reassess their long-term outlooks.
- We also look at their individual strengths and valuations and share our view on which one is a Strong Buy at the moment and which one is not.
- Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More »
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Brookfield Asset Management (NYSE:BAM) (the asset management pureplay that was recently spun off from Brookfield Corporation (BN)) and Blackstone (NYSE:BX) are the top two alternative asset managers, with nearly $2 trillion in assets under management between them. However, both have seen their stock prices plummet in recent weeks.
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