Blackstone Inc

BX remains in a Stage 2 advancing corrective reset with rising shorter-term EMAs and supportive volume dynamics, but price is extended above its 9/21 EMA confluence, nearing the declining 200 DMA, and in extreme overbought conditions. Consistent with the Growth at Reasonable Price strategy, we will stalk for pullbacks into the rising 9/21 EMA zone or the recent consolidation breakout region for higher-probability entries.

• ↑Q1 distributable earnings rose 25% YoY to $1.8B, beating estimates
• ↑AUM surged 12% YoY to $1.3T, driven by $69B Q1 inflows
• ↓Earnings yield at 0.10 indicates stock expensive relative to earnings