Mon.Jun 17, 2024

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Ranked: The Most Profitable Small Business Ideas for June 2024

The Motley Fool

Image source: Getty Images If the idea of working for someone else makes your skin crawl, it may be time to strike out on your own. Several factors go into determining the kind of business you should start, including where your passion lies and potential income. Here, we feature some of the hottest business ideas for 2024 and let you know a little more about how much you can expect to earn. 1.

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Bain to acquire edtech PowerSchool in $5.6bn deal

Private Equity Insights

Private multi-asset alternative investment firm Bain Capital is to acquire PowerSchool Holdings, a provider of cloud-based software for K-12 education, in a transaction valuing the business at $5.6bn. Under the terms of the agreement, PowerSchool stockholders will receive $22.80 per share in cash upon completion of the proposed deal. The per share purchase price represents a premium of 37% over PowerSchool’s unaffected share price of $16.64 as of 7 May 2024, the last trading day prior to media r

Education 147
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Nvidia Jumped 27% After Its Stock Split Announcement. Can Broadcom Beat It?

The Motley Fool

Investors went wild for Nvidia 's (NASDAQ: NVDA) stock split. Shares of the artificial intelligence (AI) chip leader jumped 27% from the stock split announcement on May 22 to the execution of the split on June 7. The gains were enough to put Nvidia past the $3 trillion market cap mark and within a hair of becoming the most valuable company in the world.

Returns 246
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Chanel billionaire’s son builds US$110m private equity firm

Private Equity Insights

THE son of one of Chanel’s billionaire owners is building a team to help run his private equity venture as a huge luxury goods fortune trickles down to the fourth generation. David Wertheimer, 37, whose father Gerard is one of the brothers behind the purveyor of expensive handbags and tweed suits, started Luxembourg-based 1686 Partners last year to invest in fashion, cosmetics and lifestyle products.

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Could Costco Be a Millionaire-Maker Stock?

The Motley Fool

Shares in Costco (NASDAQ: COST) have risen 229% over the past five years, delivering the kind of growth usually reserved for tech stocks. The company ranks fifth among the world's largest retailers, with some of its biggest rivals including Walmart and Amazon. Yet Costco appears to have plenty of room left to run. The retail giant's share price has skyrocketed more than 92,000% since it went public in 1985, likely creating more than a few millionaires.

Returns 246
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Altamont Capital Partners exits dine-in cinema chain Alamo Drafthouse

Private Equity Insights

San Francisco-based private equity firm Altamont Capital Partners has sold dine-in cinema chain Alamo Drafthouse Cinema to global entertainment company Sony Pictures Entertainment. Altamont first invested in Alamo Drafthouse in 2018, with the aim of growing its brand as an out-of-home entertainment concept, according to Altamont’s press statement.

Capital 130

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JP Morgan Private Capital closes first biotech VC fund above $500m

Private Equity Insights

JP Morgan Private Capital, JP Morgan’s venture capital and growth equity investment team has held the final close of 270 Life Sciences Private Capital Fund I, above its $500m target. LSPCF received commitments from institutional allocators, strategic corporate partners, family offices and HNWIs across North America, Europe, the Middle East and Asia, as well as JPMorgan Chase & Co.

Capital 130
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3 Reasons to Buy Ethereum While It's Below $4,000

The Motley Fool

In the first half of 2024, Bitcoin (CRYPTO: BTC) captured the imagination of crypto investors. But don't sleep on Ethereum (CRYPTO: ETH). Up 54% year to date, it has largely kept pace with Bitcoin, and it has one new catalyst in place that could send it soaring in the second half of the year. So this could be the time to put Ethereum on your investment radar.

Financing 246
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TDR Capital takes majority stake in Asda

Private Equity Insights

Private equity firm TDR Capital is set to become the majority stakeholder in UK supermarket chain Asda, through the acquisition of a 22.5% stake in the business from Zuber Issa, co-founder of EG Group, which ups its holding to 67.5%. Mohsin Issa retains a 22.5% stake in Asda, while US retail giant and Walmart holds 10%. The move has drawn criticism from the GMB trade union which has expressed concerns over TDR Capital’s past actions, including cutting millions of working hours and increasing fue

Stakes 130
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Is AMD Stock a Better Buy Over Intel Stock After Recent Announcements

The Motley Fool

In today's video, I discuss recent updates impacting Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of June 14, 2024. The video was published on June 16, 2024. Should you invest $1,000 in Advanced Micro Devices right now?

Returns 246
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HIG Growth Partners sells CarltonOne to Goldman Sachs Asset Management

Private Equity Insights

HIG Growth Partners, the dedicated growth capital investment affiliate of HIG Capital, has sold portfolio company CarltonOne Engagement, a SaaS engagement and e-commerce platform, to Goldman Sachs Asset Management. Headquartered in Markham, Ontario, CarltonOne creates B2B employee recognition, customer loyalty, rewards and sales/channel incentive programmes.

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63% of Warren Buffett's $388 Billion Portfolio Is Invested in These 3 Magnificent Stocks

The Motley Fool

Among Wall Street's billionaire money managers, the affably named "Oracle of Omaha" is in a class of his own. Since becoming the CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, Warren Buffett has overseen an aggregate return in his company's class A shares (BRK.A) of better than 4,940,000%, as of the closing bell on June 13. For the sake of comparison, the benchmark S&P 500 is nearing a total return, including dividends paid, of 36,000% since Buffett took the reins.

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Foresight Group plans to inject £100m into North West businesses

Private Equity Insights

Private equity and infrastructure investor, Foresight Group, has announced ambitions to invest £100 million into companies in North West England. The move represents the firm’s second fund specifically for the region. Foresight Group has previously backed 17 businesses, which have supported the creation of 1,800 new jobs across the North West. The new £100 million private equity fund looks to invest in fast-growing firms across Greater Manchester, Cheshire, Lancashire, the Liverpool City Region,

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3 Reasons to Buy Ulta Stock Like There's No Tomorrow

The Motley Fool

Investing isn't always rational. It seems logical that you'd want to buy a stock that's climbing. That implies it's doing well and that there's reason to be confident in its future potential. Sometimes, this is the way to go. But if a stock is already demonstrating high gains, that could indicate it's reached a peak. Conversely, stocks that are tanking could be the key to investing success with a rebound.

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Carlyle sets sights on 300 Japanese businesses as PE deals boom

Private Equity Insights

U.S. investment fund Carlyle Group is studying around 300 Japanese businesses as part of its pipeline, a sign of the continuing boom in private equity deals in the country. “We look at a lot of deals every day,” Kazuhiro Yamada, co-head of the Japan buyout advisory team, said in an interview. “Even though competition is increasing, if you look at the number of potential deals, there are actually not enough general partners to do them,” he said, referring to private equity

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The Smartest High-Yield Energy Stocks to Buy With $1,000 Right Now

The Motley Fool

When looking for high-yield stocks in the energy patch, there is no better place to look than the midstream space. Midstream companies are involved in a number of activities, but are largely known for transporting crude, natural gas, and NGLs (natural gas liquids) through their networks of pipeline assets. These pipeline companies generally have minimal exposure to energy prices, and are largely a play on increasing volumes for hydrocarbons.

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Advent gives control of V.Group STAR group for $150m

Private Equity Insights

Construction engineering group Ackermans & Van Haaren (AvH) has partnered with STAR Capital to acquire V.Group. The Belgian group will take 33% of V.Group, a ship management and marine support service provider, from Advent International in exchange for $150m. STAR did not disclose its agreement with Advent for the remainder of the transaction. AvH has a substantial portfolio of companies, across a multitude of sectors, but marine engineering and construction is a key area of its business.

Capital 130
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Broadcom's Stock Split Isn't a Reason to Buy Shares: These 2 Reasons Are

The Motley Fool

On its recent earnings call, tech giant Broadcom (NASDAQ: AVGO) disclosed it would be splitting its stock 10-for-1 on July 12. Given that Broadcom's stock surged over 12% to $1,700 per share the day after its report, one could perhaps say a stock split was overdue. Of note, Broadcom's stock split won't change the value of the company itself, which currently sits around $780 billion.

Returns 246
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Temasek to invest up to $198m in Australian ETF manager Betashares

Private Equity Insights

Singapore-based investment firm Temasek Holdings (TEM.UL) will invest up to A$300 million ($198.4 million) in Australian exchange-traded fund manager Betashares, the company said on Monday. The funding is expected to drive the expansion of Betashares’ offerings in Australia and overseas, it said in a statement. With the investment, Temasek will hold an undisclosed minority stake in Betashares, joining its staff members and private equity firm TA Associates as shareholders, it added.

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1 Stock Secretly Fueling the AI Revolution

The Motley Fool

Nvidia rightfully commands the spotlight when it comes to generative artificial intelligence (AI) right now. But behind these powerful Nvidia chips spawning new software features, business automation, and accelerated computation, there's a suite of design software tools used by the engineers to make it all possible: electronic design automation (EDA).

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How to Objectively Measure the "Fundability" of Your Startup

This is going to be BIG.

Sorry, you can’t. The decision to fund a company is a combination of a lot of human factors—an assessment of one group of humans by another group of humans, fraught with apples-to-oranges comparisons. Yet, everyone’s got an opinion about how a company measures up, especially the founder. ( If you want mine, I’m doing a little consulting now. ) So, how do you know what truth is?

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If You'd Invested $10,000 in Amazon Stock 10 Years Ago, Here's How Much You'd Have Today

The Motley Fool

Amazon (NASDAQ: AMZN) has become an e-commerce and cloud computing powerhouse over the past several years -- and this has translated into a track record of revenue and profit growth. Even in tough times, like in the recent high-interest-rate environment, Amazon prevailed, revamping its cost structure and going on to recover and grow. Of course, the stock price has dipped at certain points, but overall, if you had invested in Amazon a while back and stuck with this dynamic player, you would have

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Market Concentration

The Big Picture

A quick break from book authorship to share a fascinating set of data and charts, via Sam Ro. In his weekly missive, Sam points to some amazing charts from Global Financial Data. They are based on historical data that looks at 200 Years of Market Concentration. You might be surprised at the findings. As the chart above shows, there are long periods of market concentration.

Banks 124
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Here's What Happens if You Don't Use a Credit Card for a Year Or More

The Motley Fool

Image source: The Motley Fool/Upsplash A lot of people have credit cards they use on an almost daily basis. And if you're a credit card user, you may find yourself swiping or tapping your card several times a week to buy things like groceries and gas. But there may come a point when you stop using one of your credit cards. Maybe it's that your other cards have a better rewards program.

Debt 246
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CampusAI Raises $10M in Pre-Seed Funding

FinSMEs

CampusAI, a Warsaw, Poland-based AI learning skills startup, raised $10M in pre-seed funding. Backers included angel investor Maciej Zientara. The company will use the funds to develop its platform and to enter 10 new markets with plans to acquire 200,000 customers. Founded in 2023 by Aureliusz Górski, CampusAI is an AI learning and collaboration platform that […] The post CampusAI Raises $10M in Pre-Seed Funding appeared first on FinSMEs.

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Should You Buy Bitcoin While It's Less Than $70,000?

The Motley Fool

Since the start of 2023, Bitcoin (CRYPTO: BTC) has been one of the best assets to own. Its price has soared roughly 300% during that time (as of June 14), a better gain than the 69% rise of the Nasdaq Composite Index. But it's been a roller coaster since Bitcoin hit its all-time high in March. As of this writing, the top cryptocurrency is off 11% from that peak.

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Layer3 Raises $15M in Series A Funding

FinSMEs

Layer3, a developer of an identity and distribution protocol, raised $15M in Series A funding. The round, which brought the total amount to $21.2M, was led by ParaFi & Greenfield Capital, with participation from Electric Capital, King River, Immutable, Lattice, Tioga, LeadBlock Bitpanda Ventures, Amber, Stateless, and GD1. The company intends to use the funds to expand operations and its development efforts.

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Boeing Stock: Buy, Sell, or Hold?

The Motley Fool

Down more than 30% in 2024 alone, there's no doubt that value investors will be starting to circle Boeing 's (NYSE: BA) stock. Indeed, there's a robust case for buying a company that's part of an effective duopoly with Airbus in the global wide-body and commercial narrow-body airplane market. On balance, is the stock a buy? Here's the lowdown. The case for buying Boeing stock Boeing bulls accept that the company has had quality control issues but note that Boeing's indispensable role in the avia

Debt 246
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Tinybird Raises $30M in Series B Funding

FinSMEs

Tinybrid, a Madrid, Spain- and NYC-based provider of a real-time data platform for data and engineering teams, raised $30M in Series B funding. The round was led by Balderton Capital, with participation from existing investors including CRV and Singular Ventures. The company intends to use the funds to accelerate its growth, enhance its product offerings, […] The post Tinybird Raises $30M in Series B Funding appeared first on FinSMEs.

Funds 111
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Is Home Depot Still a Stock Worth Owning?

The Motley Fool

Home Depot (NYSE: HD) has succeeded by becoming a go-to supplier for construction, repair, and remodeling projects for individuals and businesses. Founders Stanley Marcus and Arthur Blank succeeded by bringing together home improvement-related needs, such as lumber, plumbing, electrical, flooring, and other product lines under one roof. Over time, this approach made it the world's largest home improvement retailer.

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DataMesh Closes New Funding Round

FinSMEs

DataMesh, a Singapore-based provider of industrial metaverse platforms, raised an undisclosed amount in New funding. Backers included KDDI Open Innovation Fund 3, and Singtel Innov8. Led by Jie Li, Founder and CEO, DataMesh is focused on the development of industrial metaverse platforms committed to providing integrated solutions for enterprises through digital twin, XR (Extended Reality), AI, […] The post DataMesh Closes New Funding Round appeared first on FinSMEs.

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4 Smartest Places to Keep Your Emergency Fund

The Motley Fool

Image source: Getty Images Have you managed to put money away for a rainy day, but it's still sitting in your checking account or a traditional savings account, earning very little interest? If so, it's time to find a new home for your fund, someplace where your money can earn money. Here are four of the easiest, smartest places to tuck your emergency fund away. 1.

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Evercoast Acquires Depthkit

FinSMEs

Evercoast, a NYC-based provider of end-to-end 3D spatial video software, acquired Depthkit, a NYC-based company which specializes in volumetric capture. The amount of the deal was not disclosed. With the acquisition, Evercoast will accelerate the development of AI creation tools for 3D video production. James George, CEO of Scatter, the company that developed the sotware, Depthkit […] The post Evercoast Acquires Depthkit appeared first on FinSMEs.

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2 Hypergrowth Tech Stocks to Buy in 2024 and Beyond

The Motley Fool

The tech market is rapidly expanding. The Nasdaq-100 Technology Sector is up 32% in the past 12 months, outperforming the S&P 500' s growth of 24% in that period. The rise brings to mind the old proverb, "The best time to plant a tree was 20 years ago, but the second best time is now." The same sentiment applies to the stock market, especially tech stocks.

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