Tue.Apr 23, 2024

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TSMC Just Gave Investors Another Reason to Be Bullish on Nvidia

The Motley Fool

Taiwan Semiconductor Manufacturing (NYSE: TSM) , the world's largest contract chipmaker, posted its first-quarter report on April 18. Its revenue rose 13% year over year to $18.9 billion and its earnings grew 5% to $1.38 per American depositary receipt (ADR). Both figures exceeded analysts' expectations. However, TSMC followed up its earnings beat with a cautious outlook for the industry.

Investors 246
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The News is Making You Miserable

A Wealth of Common Sense

There was a recent poll about my home state of Michigan where they asked people for their thoughts on the state of the nation’s economy today. Just 35% of people described the economy as excellent (6%) or good (29%) while 65% described it as either not so good (28%) or poor (37%). But when asked how they would describe their own personal financial situation these days, a majority of people (61%) described their circ.

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This Is Hands Down My Pick for the Best "Magnificent Seven" Stock Right Now. (Hint: It's Not Nvidia.)

The Motley Fool

When it comes to artificial intelligence (AI), no other companies come close to the attention paid to the "Magnificent Seven." Indeed, Microsoft , Alphabet , Apple , Tesla , Nvidia , Meta Platforms , and Amazon (NASDAQ: AMZN) are all helping shape the AI narrative in their own ways. While Microsoft's relationship with ChatGPT developer OpenAI and Tesla's self-driving cars are impressive, there is a different Magnificent Seven member that stands above the rest.

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Outpost Raises $12.5M in Series A Funding

FinSMEs

Outpost, an Austin, TX-based provider of a network of managed semi-truck parking facilities, raised $12.5M in Series A funding. The round was led by GreenPoint Partners with support from Speedwagon Capital Partners. The company intends to use the funds to accelerate expansion of its managed properties and technology platform. Led by CEO Trent Cameron, Outpost […] The post Outpost Raises $12.5M in Series A Funding appeared first on FinSMEs.

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Berkshire Hathaway Stock Has 18% Upside, According to 1 Wall Street Analyst

The Motley Fool

Shares of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) , the stock famously led by billionaire investor Warren Buffett, won an upgrade last week when Swiss banker UBS raised its price target on the industrial conglomerate to $481 per share. That suggests a nearly 18% upside for the stock over the next 12 months. As analyst Brian Meredith explained, there are two big reasons to like Berkshire stock: insurance and trains.

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CalPERS moots tying climate KPIs to incentive pay

Top 1000 Funds

CalPERS may tie the incentive pay of its staff to meeting climate KPIs in the near future. The fund's executive pay consultants also discussed other ways the fund should tweak incentive pay like adding an asset class investment performance weighting to the annual incentive formula.

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Prime Intellect Secures $5.5M in Seed Funding

FinSMEs

Prime intellect, a San Francisco, CA-based provider of an open and decentralized AI platform and protocol enabling access to computing and intelligence, raised $5.5M in Seed funding. The round was led by Distributed Global and CoinFund with participation from Compound, Collab+Currency and Filecoin Creator Juan Benet with Protocol Labs, as well as angel investors including Hugging Face […] The post Prime Intellect Secures $5.5M in Seed Funding appeared first on FinSMEs.

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4 Reasons to Buy Carnival Stock Like There's No Tomorrow

The Motley Fool

One of last year's biggest winners has been taking in water this year. Shares of Carnival Corp. (NYSE: CCL) more than doubled last year. The world's largest cruise line operator isn't exactly coasting in 2024, down 23% so far this year. This doesn't mean that it's not a good time to walk the gangway and board Carnival before the ship starts sailing again.

Debt 246
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Casa Shares Raises $1.5M in Pre-Seed Funding

FinSMEs

Casa Shares, a Rexburg, ID-based provider of a SEC qualified real estate investing platform, raised $1.5M in Pre-Seed funding, at a $10M valuation. The round was led by a group of private investors. The company intends to use the funds to expand operations and development efforts. Founded by Mirza Beg and McKay Francis, Casa Shares simplifies the real estate investment process, […] The post Casa Shares Raises $1.5M in Pre-Seed Funding appeared first on FinSMEs.

Funds 110
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Why Plug Power, Bloom Energy, and FuelCell Energy Stocks All Popped Today

The Motley Fool

'Twas the morning after Earth Day, and all through Wall Street, lots of fuel cell stocks were stirring this morning. As of 10:20 a.m. ET, shares of Plug Power (NASDAQ: PLUG) had risen 8.2%, Bloom Energy (NYSE: BE) was up by 9.3%, and FuelCell Energy (NASDAQ: FCEL) was doing best of all -- up 11.9%. Considering the calendar, investor interest in renewable energy stocks this week was probably to be expected.

Returns 246
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Prophet Security Secures $11M in Seed Financing

FinSMEs

Prophet Security, a Palo Alto, Ca-based company that works for security operations by automating the triage, investigation and response process for alerts, raised $11M in Seed funding. The round was led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors. The company intends to expand operations and its business reach. […] The post Prophet Security Secures $11M in Seed Financing appeared first on FinSMEs.

Financing 110
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1 No-Brainer Vanguard Fund to Buy Right Now

The Motley Fool

For the past two decades, growth-focused companies have been the star performers in the stock market. Investors are increasingly attracted to innovators in areas such as medicine, software-as-a-service (SaaS), and alternative energy. These companies have the potential to revolutionize the world with their groundbreaking products and services. Recently, two powerful themes have caught the attention of growth investors for their immense potential: artificial intelligence (AI) and next-generation w

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401GO Raises $12M Series A Funding

FinSMEs

401GO, a Sandy, UT-based retirement plan provider for employers, raised $12M in Series A funding. The round was led by Next Frontier Capital. Additional investors included Rally Ventures, Impression Ventures, and Stout Street Capital. Richard Harjes from Next Frontier Capital and Tom Peterson from Rally Ventures will be joining the 401GO Board of Directors.

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Forget Nvidia: Buy This Millionaire Maker Stock For Your Portfolio Instead

The Motley Fool

The hottest stock of our time is definitely Nvidia. After rising over 1,000% in the last five years to a market cap greater than $2 trillion, Nvidia has made millions of dollars for investors who held for the long term. But I'm here to tell you that investing in Nvidia today is a poor move. After seeing its stock go through such a meteoric rise, the company now trades at a price-to-earnings ratio (P/E) of 63, which is more than double the market average.

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Apollo sells stake in asset-backed lending unit to insurer MassMutual

Financial Times M&A

Deal with Atlas SP comes after private capital group acquired unit from Credit Suisse

Stakes 105
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Billionaire Investor David Tepper Has 32% of His Portfolio Invested in These 3 Incredible Artificial Intelligence (AI) Growth Stocks

The Motley Fool

Billionaire David Tepper is one of the most successful hedge fund managers on Wall Street. He founded Appaloosa Management in 1993 and eventually became a self-made billionaire. Over the last few years, he's returned much of his clients' funds, so Appaloosa is now primarily his own personal capital. Since Appaloosa is technically an institutional investor, investing on behalf of others, it's required to file form 13F with the Securities and Exchange Commission every quarter when it holds more th

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Sterling Group soars to $3.5bn Fund VI hard cap, almost double last fund total

AltAssets

Industrial-focused mid-market PE house The Sterling Group has soared to a $3.5bn final close for its sixth flagship fund - almost double the total it raised for its predecessor vehicle. The post Sterling Group soars to $3.5bn Fund VI hard cap, almost double last fund total first appeared on AltAssets Private Equity News.

Funds 104
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3 Ways to Make the Most of Your Aldi Shopping in 2024

The Motley Fool

Image source: Getty Images Putting food on the table is hardly an inexpensive prospect these days. Although grocery prices have cooled, they're still up 1% from a year ago, as per February's Consumer Price Index. So you may be eager to do what you can to save money when feeding your family. One tactic that may prove effective is doing more of your shopping at Aldi.

Prospects 246
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Crosslink Capital Closes Tenth Flagship Venture Fund, at $350M

FinSMEs

Crosslink Capital, Inc., a Menlo Park, Ca-based early-stage venture capital investing firm, closed its tenth flagship venture capital fund, Crosslink Ventures X, at $350M. The firm is dedicated to investing in early-stage founders from inception, which includes pre-seed and seed, through Series A, and supporting them at every stage of their growth. Read more on […] The post Crosslink Capital Closes Tenth Flagship Venture Fund, at $350M appeared first on FinSMEs.

Capital 104
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Can Walmart Afford Its $40 Billion in Long-Term Debt?

The Motley Fool

Walmart (NYSE: WMT) is the biggest company by revenue on the planet, but the thousands of superstores it operates don't come without costs. Walmart has over 2 million employees and spends billions of dollars on capital expenditures each year to maintain and refurbish its stores and distribution centers, and build new ones. In order to fund those expenditures, the company has taken on a lot of debt.

Debt 246
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Pendragon owner to cut hundreds of jobs in used car overhaul

Financial Times M&A

New owner of UK dealerships will close second hand marketplace following pandemic-era slump in supply

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Forget SoundHound AI: 3 Tech Stocks to Buy Instead

The Motley Fool

New technologies are exciting, but investors chasing the next big trend can get burned. Artificial intelligence (AI) might be the hottest thing on Wall Street in some time. Hype over its potential has played a significant role in driving the stock prices of many companies connected to the industry higher since last year -- among them, SoundHound AI , an AI company focused on audio technology.

Prospects 246
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South Africa’s GEPF prepares the ground for a two pot system

Top 1000 Funds

South Africa’s $119 billion Government Employee Pension Fund is in the process of readying its investment processes for a new law that will allow people to draw down some of their retirement income early.

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Could C3.ai Become the Next Microsoft?

The Motley Fool

C3.ai (NYSE: AI) attracted lots of attention with its initial public offering (IPO) nearly 3 1/2 years ago. The enterprise artificial intelligence (AI) software developer was growing rapidly, had a catchy ticker symbol, and was led by Tom Siebel -- an industry veteran who had sold his previous company Siebel Systems to Oracle for $5.8 billion in 2006.

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Sterling raises $3.5bn for oversubscribed sixth private equity fund

Private Equity Wire

The Sterling Group, a Texas-based middle-market private equity firm, has held the final close of Sterling Group Partners VI (Fund VI), which was oversubscribed at its hard cap of $3.5bn. Fund VI exceeded its target of $2.75bn and the $2bn raised by the firm’s previous fund, which closed in June 2020. While the majority of the capital was committed by returning investors, the fund also attracted support from several new investors in the US, Europe, the Middle East and Asia.

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3 Reasons Not to Renew Your Costco Membership This Year

The Motley Fool

Image source: Upsplash/The Motley Fool A basic Costco membership costs $60 a year, while an Executive membership costs $120. The fee you pay for your membership may be more than worth it when you consider the savings you're able to reap on the various items you buy there, from groceries to apparel to household essentials. But there may come a point when it doesn't make sense to renew your Costco membership.

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EQT boosts Americas private wealth business with TPG Angelo Gordon vet hire

AltAssets

Alternative asset giant EQT has hired TPG Angelo Gordon veteran Peter Aliprantis as partner and head of the firm's private wealth management business in the Americas. The post EQT boosts Americas private wealth business with TPG Angelo Gordon vet hire first appeared on AltAssets Private Equity News.

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Is Polkadot (DOT) a Millionaire Maker?

The Motley Fool

The world is turning to digital solutions. Online video streams have already undermined the traditional cable TV and movie theater markets. From remote work to mobile lunch orders, the COVID-19 crisis accelerated the adoption of many cloud-based tools. Who knows, maybe robot chefs whipping up gourmet meals at home are next (goodbye, takeout!). But the digital revolution doesn't stop there.

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Madison Realty Capital brings in Tejpaul as head of capital markets

AltAssets

Real estate credit-focused investor Madison Realty Capital has brought in Samir Tejpaul as managing director and head of capital markets. The post Madison Realty Capital brings in Tejpaul as head of capital markets first appeared on AltAssets Private Equity News.

Capital 98
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Is It Better to Buy BRK.A or BRK.B Stock?

The Motley Fool

Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) stock has proven to be one of the best-performing investments of all time. Since 1980, shares have increased more than 2,000 times in value. A $500 investment would now be worth a cool $1 million. Want to invest in Berkshire? There are two options: A shares or B shares. The ticker symbol for the A shares is BRK.A, while the ticker symbol for the B shares is BRK.B.

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Silver Creek Capital Management appoints CTO 

Private Equity Wire

Silver Creek Capital Management, an alternative investment boutique focused on real assets, private credit and absolute return strategies, has appointed Nathan Kelso as Chief Technology Officer. Prior to joining Silver Creek, Kelso was Chief Information Security Officer at data analytics platform Research Affiliates. Prior to Research Affiliates, he was Director of the platform and integration team supporting BlackRock Alternative Advisors, where he managed the deployment of a client tracking s

Capital 98
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4 Reasons Solana Is the Smartest Cryptocurrency to Buy Right Now

The Motley Fool

Solana (CRYPTO: SOL) isn't a household name in the way that Bitcoin is, but that might not be the case for much longer. With a growing base of investors, more upgrades to the chain's technology, and a whirlwind of trading volume that's accelerating by the day, it's one of the most exciting plays in cryptocurrency right now. So let's examine four reasons Solana is the smartest cryptocurrency to invest in at the moment. 1.

Stakes 245
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Medical Informatics Engineering Secures Growth Investment from Healthcare Technology Investor Serent Capital

Serent Capital

The post Medical Informatics Engineering Secures Growth Investment from Healthcare Technology Investor Serent Capital appeared first on Serent Capital.

Capital 98
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The Ultimate Cryptocurrency to Buy With $1,000 Today

The Motley Fool

Currently worth more than $2.3 trillion, the cryptocurrency market has certainly caught the attention of the investment community, particularly those looking to score huge gains. Prices have soared in the past year and a half, after they dropped precipitously in 2022. If you're looking to gain exposure to cryptocurrencies in your portfolio, it's best to keep things simple and focus on the most valuable digital asset out there.