For Immediate ReleaseChicago, IL – November 9, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Blackstone Group Inc. BX, Ares Management Corporation ARES, Apollo Global Management, Inc. APO, BlackRock, Inc. BLK and T. Rowe Price Group, Inc. TROW.Here are highlights from Friday’s Analyst Blog:Private Equity Stocks Soaring on Early Election ResultsSince Wednesday, on early results of the U.S. Presidential election, shares of several private equity firms have been rallying. Some of the major private equity firms – Blackstone, Ares Management and Apollo Global Management – are up 10.5%, 7% and 6.1%, respectively.Even shares of major global mutual fund managers like BlackRock and T. Rowe Price have rallied 9.4% and 4%, respectively.Reason Behind the RallyBefore discussing the reason for this rally, we will have to first understand what suddenly changed.In the run-up to the Presidential election, former Vice President and Democratic candidate Joe Biden had a national lead over President Donald Trump. This, thus, led to the expectations of a “blue wave” sweeping over both the Senate and the House of Representatives.Thus, Wall Street expected the proposals put forward by Biden to get implemented easily. He has proposed to raise capital gains tax rate from the current 20% to 39.6% for those earning more than $1 million annually and statutory corporate income tax rate from 21% to 28%.This would put private equity firms, including their portfolio companies as well as large asset managers, at a disadvantageous position.The increase in capital gain tax would have an adverse impact on fund returns and also weigh on advisory business. Moreover, raising corporate tax will not only hit private equity firms’ earnings, but also would hurt profits of portfolio companies as they will be taxed at a higher rate.Nevertheless, the early election results point toward a divided Congress, with Republicans continuing to control the Senate and Democrats the House. Thus, this has made the prospects of tax hikes advocated by Biden less likely.Now, even if Biden wins the election, it is unlikely that tax increases proposed by him will get passed by the Republican controlled Senate.This is the primary reason why investors are bullish on the private equity firms, as they hope for better days ahead.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blackstone Group IncThe (BX): Free Stock Analysis Report BlackRock, Inc. (BLK): Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report Apollo Global Management, LLC (APO): Free Stock Analysis Report Ares Management L.P. (ARES): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research