Blackstone Flying Higher Today (BX)

It looks like some panic buying is going on today as the S&P 500 is trading above some key resistance levels. It looks like this has also triggered some short covering. One name that investors are jumping into in order to add some beta to their portfolios is Blackstone Group BX. BX shares have jumped 5.16% to $11.83. Over the last month, Blackstone has gained 15.32%. The company has a market cap of $13 billion. If you need to add beta to your holdings, consider buying private equity stocks such as Blackstone (BX), Fortress FIG, or Apollo Investment Corp. AINV.