Mon.Nov 04, 2024

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Zoetis (ZTS) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Zoetis (NYSE: ZTS) Q3 2024 Earnings Call Nov 04, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to the third quarter 2024 financial results conference call and webcast for Zoetis. Hosting the call today is Steve Frank, vice president of investor relations for Zoetis.

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A Plethora of “A’s”: ATL’s Aero Accessories Acquires Aero Instruments & Avionics

Private Equity Professional

Aero Accessories & Repair , a provider of aerospace MRO services and a portfolio company of ATL Partners , has acquired Aero Instruments & Avionics. Aero Instruments & Avionics (AIA) specializes in maintenance, repair, and overhaul (MRO) services for avionics, electronics, electromechanical components, and indicators. The company’s customers include passenger airlines, logistics and cargo carriers, and aftermarket providers.

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Prepare Now: 3 Crucial Social Security Updates Effective January 2025

The Motley Fool

Social Security is one of the biggest topics of debate in politics these days. Without a substantial change to the program, the Social Security Administration will have to cut benefits for tens of millions of retirees. With just two months left in 2024, it's unlikely Congress is capable of making any major overhauls to the program by the end of the year.

Taxes 246
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Through Western Vet, TPG Twin Brook Builds Relationship with Tyree & D’Angelo

Private Equity Professional

TPG Twin Brook has increased its credit facilities to Western Veterinary Partners , a Tyree & D’Angelo Partners (TDP) portfolio company since June 2019. Western Veterinary Partners (WVP) provides non-clinical support services to a network of general veterinary practitioners specializing in companion animal care, offering medical, dental, and surgical care for pets.

Debt 130
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1 Russell 2000 Growth Stock to Buy During the Latest Market Sell-Off

The Motley Fool

The Russell 2000 index is home to approximately 2,000 of America's smallest publicly listed companies. It delivered an average annual return of 7.9% over the last 10 years, but it was up by as much as 13.6% earlier in 2024 as falling interest rates and strong economic growth buoyed investor sentiment toward small-cap stocks. The index is currently in the midst of a pullback, dropping by around 4% from its mid-October peak.

Taxes 246
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Blue Sage’s Baker Manufacturing Carves Pump Division from A.Y. McDonald

Private Equity Professional

Baker Manufacturing Company , a provider of water systems and industrial components, has acquired the pump division of A.Y. McDonald Manufacturing (McDonald Pump). Baker Manufacturing specializes in the manufacture of water well equipment, rotary gear pumps, and ductile and gray iron castings for residential, industrial, municipal, agricultural, and environmental applications.

Buyout 130

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Oliver Packaging Switches Sponsors

Private Equity Professional

Monomoy Capital Partners has acquired Oliver Packaging and Equipment Company from Berwind Capital. Oliver Packaging manufactures heat-seal food packaging systems and bakery equipment, supplies fiber-based meal trays and recyclable CPET plastic meal trays and film and provides aftermarket parts and services for its installed equipment base. Source: Oliver Packaging and Equipment Company Oliver Packaging’s product portfolio includes meal packaging systems, such as the Oliver Speedseal Packaging Sy

Capital 130
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Billionaire Warren Buffett Sold $10.5 Billion of Bank of America Stock, but Has Spent Almost $78 Billion Piling Into Another Financial Colossus

The Motley Fool

For the better part of nearly six decades, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been handily outpacing Wall Street's benchmark index, the S&P 500. Whereas the S&P 500 has delivered a phenomenal total return, including dividends, of more than 38,000% since the mid-1960s, the aptly named "Oracle of Omaha" has overseen a return of greater than 5,500,000% in Berkshire's Class A shares (BRK.A) over the same timeline.

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Private equity investments in the Beauty Care sector

Private Equity Info

Private equity investments in the beauty care industry surged during COVID's e-commerce boom but have more recently declined amid reduced stimulus and inflation.

Investing 130
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Yum China (YUMC) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Yum China (NYSE: YUMC) Q3 2024 Earnings Call Nov 04, 2024 , 7:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Thank you for standing by, and welcome to the Yum! China third quarter 2024 earnings conference call. [Operator instructions] I would now like to hand the conference over to Florence Lip, senior IR director.

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Algebrik AI Raises $4M in Series A Funding

FinSMEs

Algebrik AI, a NYC-based provider of a cloud-native and AI-powered digital era loan origination platform, raised $4M in Series A funding. The closing of the investment is subject to obtaining appropriate regulatory approvals. Backers were not disclosed. The company intends to use the funds to accelerate the development of its software and advance its solutions […] The post Algebrik AI Raises $4M in Series A Funding appeared first on FinSMEs.

Funds 103
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Prediction: This Stock Will Outperform Nvidia in 2025

The Motley Fool

Nvidia (NASDAQ: NVDA) has been a top-performing stock for the past two years, and all signs point toward it delivering once again in 2025. However, its growth is also likely to slow, and seeing the stock triple again is not likely in the cards. While I think Nvidia can (and likely will) deliver a market-beating performance, there's another big tech stock that could outperform it in 2025.

Companies 242
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Cryptocurrency Essentials: What Every New Investor Should Know

FinSMEs

The financial world has undergone significant transformation since the introduction of Bitcoin in 2009. What began as an experimental digital payment system has evolved into a diverse ecosystem of cryptocurrencies and blockchain applications. Today, cryptocurrencies, from established ones like Bitcoin to meme-inspired tokens like Shiba Inu coin, represent a new asset class that’s captured the […] The post Cryptocurrency Essentials: What Every New Investor Should Know appeared first o

Investors 102
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Why SoFi Stock Skyrocketed 42% in October

The Motley Fool

SoFi Technologies (NASDAQ: SOFI) gained 42% in October, according to data from S&P Global Market Intelligence. It hadn't impressed investors this year despite reporting a profit in every fiscal quarter. However, it finally wowed the market with its third-quarter results. On a roll SoFi has been reporting strong growth pretty much since it went public, but now it's also profitable.

Banks 242
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Deal Roundup: Littlejohn buys Sunbelt Modular, Renovus seals majority investment in Performive

AltAssets

Littlejohn & Co has acquired modular building specialist Sunbelt Modular, which was founded more than 45 years ago. The post Deal Roundup: Littlejohn buys Sunbelt Modular, Renovus seals majority investment in Performive appeared first on AltAssets Private Equity News.

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As Reality Labs' Losses Keep Growing, Meta Platforms Should Take the Hint From Apple

The Motley Fool

Met a Platforms (NASDAQ: META) stock pulled back after its earnings report Wednesday night. The stock was trading down 3% after hours, even as the social media giant edged past estimates on the top and bottom lines. The Facebook parent had already soared this year, so expectations were high coming into the report. Revenue rose 19% to $40.6 billion, which topped the consensus at $40.29 billion, and earnings per share jumped 37%, helped by a lower tax rate, to $6.03, beating expectations at $5.25.

Taxes 241
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Campbell Lutyens adds senior hire to secondary advisory practice

Private Equity Wire

Campbell Lutyens has added to its secondary advisory practice with the appointment of Chirag H Shah as a Managing Director, Chirag who has over two decades of global private equity experience, will be based in the firm’s New York office. In his new role, Chirag will focus on GP and LP relationships across North America. Prior to joining Campbell Lutyens, Chirag spent 13 years as an institutional investor leading fund investments and co-investments at top investments, including the Alaska P

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1 S&P 500 ETF to Buy With $1,000 and Hold Forever

The Motley Fool

The S&P 500 is the most widely followed index when compared to others like the Nasdaq Composite Index or the Dow Jones Industrial Average. That's because the investment community views it as a clear barometer to understand how the stock market is performing over any given period of time. If you want exposure to this broad index, here's one S&P 500 exchange-traded fund (ETF) to buy with $1,000 and hold forever.

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Gavin Wood signals next steps for Polkadot’s revolutionary JAM protocol at sub0 reset

FinSMEs

London, UK, 4th November 2024, Chainwire The post Gavin Wood signals next steps for Polkadot’s revolutionary JAM protocol at sub0 reset appeared first on FinSMEs.

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3 Top High-Yield Stocks to Buy in November

The Motley Fool

A high yield isn't the only thing you should consider when you are looking for a dividend stock. Maybe it's what gets you to look at a stock, but you also want to make sure the business backing the lofty yield is worth owning. If you want high yields from good companies, you should examine Chevron (NYSE: CVX) , United Parcel Service (NYSE: UPS) , and Enbridge (NYSE: ENB) as November gets underway.

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Legend of Arcadia: Redefining Community-Driven Operations

FinSMEs

Hong Kong, Hong Kong, 4th November 2024, Chainwire The post Legend of Arcadia: Redefining Community-Driven Operations appeared first on FinSMEs.

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Why Oklo, Nano Nuclear, and NuScale Power Stocks All Dropped Today

The Motley Fool

It's Monday -- the day before Election Day -- and nuclear power stocks are in the dumps. Today's sell-off has almost nothing to do with the federal election, however -- but everything to do with federal bureaucrats. This morning, CNBC reported that the Federal Energy Regulatory Commission (FERC) denied a request on Nov. 1 that would have allowed electric power utility Talen Energy (NASDAQ: TLN) to increase the amount of power one of its nuclear plants in Pennsylvania supplies to a nearby data ce

Returns 240
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Carlyle fundraising veteran Elmore-Jones joins Nuveen Private Capital to head up European PE investor relations

AltAssets

Arcmont Asset Management and Churchill Asset Management, the European and US asset management companies of Nuveen Private Capital, have named former Carlyle exec Katherine Elmore-Jones as head of private equity business development in Europe The post Carlyle fundraising veteran Elmore-Jones joins Nuveen Private Capital to head up European PE investor relations appeared first on AltAssets Private Equity News.

Capital 76
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This Is the Average Social Security Benefit for Age 66

The Motley Fool

Social Security benefits can make retirement far more affordable, but the age at which you begin claiming will have a profound effect on the amount you receive. You can file for retirement benefits as early as age 62, but for every month you wait past that age, you'll receive slightly larger payments. You'll collect 100% of your earned benefit at your full retirement age (which is between the ages of 66 and 67, depending on your birth year), and delaying past that age up to 70 will earn you an e

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Shore Capital and Silver Lake mull $8.6bn merger of veterinary groups

Private Equity Wire

Shore Capital Partners is in advanced discussions with Silver Lake Management over the proposed merger of two major veterinary groups, Southern Veterinary Partners and Mission Veterinary Partners, in an $8.6bn transaction, according to a report by Bloomberg. The report cites unnamed sources close to the negotiations as revealing that the proposed deal would see Shore Capital combine its two veterinary portfolio companies and recapitalise the resulting entity with significant backing from Califor

Capital 85
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Is Rivian a Millionaire-Maker Stock?

The Motley Fool

Rivian Automotive (NASDAQ: RIVN) has lost almost all its value in a short period , with shares down by an eye-watering 92% since hitting public markets in late 2021. However, the company still promises patient investors the opportunity to get in on the ground floor of the long-term electric vehicle (EV) opportunity. Let's weigh Rivian's pros and cons to decide if this struggling automaker still has millionaire-maker potential.

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Ares management eyes record $80bn-plus annual fundraising total

Private Equity Wire

Private investment firm Ares Management Corp is eyeing a record annual fundraising total in the mid-$80bn range for 2024, surpassing last year’s total of $74bn, after gathering $64bn up to the end of September, according to a report by Bloomberg. The firm reported a 17% increase in assets under management (AUM) in its Friday earnings release, reaching $464bn in the third quarter, as strong demand for US direct lending and strategic private equity acquisitions fuelled growth.

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Nvidia Stock Is Up 173% in 2024, but Here's Another Super Semiconductor Stock to Buy Hand Over Fist, According to Wall Street

The Motley Fool

Nvidia (NASDAQ: NVDA) CEO Jensen Huang thinks data center operators will spend $1 trillion upgrading their infrastructure over the next five years in order to support demand from artificial intelligence (AI) developers. Part of that money will be spent on graphics processing units (GPUs), which are the optimal chips for AI training and AI inference.

Investors 237
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Durable risk management: How private markets are navigating new risk landscapes

Private Equity Wire

In the past two years, private markets firms have addressed fundraising challenges by diversifying their investor base, built more flexibility into fund structures, and pivoted towards high-opportunity asset classes such as credit and secondaries. This report, produced in partnership by Private Equity Wire and Validus Risk Management, explores the new suite of risk considerations that has emerged with each of these forward-looking shifts.

Assets 81
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Billionaire Ken Griffin Just Increased His Position in This Data Center Stock by 704% (Hint: It's Not Nvidia)

The Motley Fool

Semiconductor stocks have been some of the biggest beneficiaries in the ongoing artificial intelligence (AI) revolution. Chipsets known as graphics processing units (GPUs) are important for developing generative AI, and companies including Nvidia , Advanced Micro Devices , and Taiwan Semiconductor have emerged as early winners in the GPU realm so far.

Investors 233
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5 Steps For Taking Control Over Your Compliance Tasks

XY Planning Network

Staying on top of your compliance tasks and responsibilities as an RIA can often seem overwhelming – especially for those whose compliance accountabilities are only part of their role. This business area may often seem the least exciting and have the least amount of management training or experience. At XYPN, we support many advisers in putting efficient and effective compliance policies and procedures into place and refining various aspects of their compliance program to know what to do when th

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Better Social Media Stock: Meta Platforms vs. Snap

The Motley Fool

Meta Platforms (NASDAQ: META) and Snap (NYSE: SNAP) both recently posted third-quarter reports that exceeded Wall Street's expectations. However, Meta's stock dipped after its earnings beat as Snap's stock jumped to a near-two-month high. But over the past 12 months, Meta's stock has still rallied nearly 90% as Snap's stock advanced about 20%. Let's see why the social media leader outperformed its smaller competitor by such a wide margin -- and if it will remain the better buy for the foreseeabl

Companies 228
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StepStone leads single-asset continuation fundraise for Gemspring portfolio business Shrieve Chemical

AltAssets

Gemspring Capital Management has closed a single-asset continuation vehicle for Shrieve Chemical Company, which it initially bought in late 2019. The post StepStone leads single-asset continuation fundraise for Gemspring portfolio business Shrieve Chemical appeared first on AltAssets Private Equity News.

Assets 68
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Why Intel Stock Was Slipping Today

The Motley Fool

Shares of Intel (NASDAQ: INTC) were falling today in response to news after hours on Friday that it would be removed from the Dow Jones Industrial Average and replaced by rival Nvidia. The news was anticipated after Nvidia split its stock in June, but it nonetheless marks the end of an era for Intel, which has been part of the Dow for 25 years. As of 11:16 a.m.