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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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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Marqeta (MQ) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Marqeta (NASDAQ: MQ) Q3 2024 Earnings Call Nov 04, 2024 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, greetings, and welcome to the Marqeta, Inc. third quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode.

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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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1 Vanguard ETF to Buy and 1 to Hold for Passive Income Investors

The Motley Fool

Vanguard offers dozens of low-cost exchange-traded funds (ETFs). These investment vehicles can be simple yet effective tools for achieving diversification and investing in a compelling theme or sector. Here's one Vanguard ETF that may be due for a cool-off, and another that stands out as a buy now. Image source: Getty Images. This power play has delivered big gains this year Wedged between the Vanguard S&P 500 Growth ETF and the Vanguard Mega Cap Growth ETF for best-performing low-cost Vangu

Investors 246
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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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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 246

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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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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.

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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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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 105
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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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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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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.

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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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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 246
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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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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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Warren Buffett’s Apple trade exposes Berkshire’s dilemma

Financial Times M&A

The tech stock bonanza has helped obscure the dearth of juicy opportunities for group

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Could Roku Be a Millionaire-Maker Stock?

The Motley Fool

Roku (NASDAQ: ROKU) minted a lot of millionaires in its first four years as a public company. The streaming device and software maker went public at $14 on Sept. 28, 2017, and it soared 3,325% to its all-time high of $479.50 on July 26, 2021. A $30,000 investment in its IPO would have blossomed to $1.03 million. But today, Roku only trades at about $64.

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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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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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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.

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My 3 Favorite Stocks to Buy This November

The Motley Fool

With November here, investors can start thinking about how they want to position their portfolio for 2025. One trend that has arrived and stuck around is artificial intelligence (AI), so having a portion of your portfolio devoted to this generational shift is critical. In this space, I like Taiwan Semiconductor (NYSE: TSM) and Meta Platforms (NASDAQ: META).

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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.

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Here's Why Stanley Black & Decker Stock Slumped in October, and Why It Could Be a Buying Opportunity

The Motley Fool

Shares in tools and industrial products company Stanley Black & Decker (NYSE: SWK) slumped by 15.6% in October, according to data from S&P Global Market Intelligence. You have to look no further than the company's third-quarter 2024 earnings report for the reason for the fall. In a nutshell, the company took a step back in its recovery path, and management's commentary indicated that it would take a bit longer than many had anticipated for the company to return margin and inventory to pr

Returns 245
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Blackford Capital appoints CEO of outdoor living and recreation platform

Private Equity Wire

Middle market private equity firm Blackford Capital (Blackford) has appointed John Snowden as Chief Executive Officer of its rapidly growing outdoor living and recreation space platform Patio Consolidation Platform (Platform). According to a press statement, Snowden, who took up his new role on 4 November, will “spearhead Blackford’s vision to ‘Own the Backyard’ by building a comprehensive, omni-channel platform that capitalises on the booming outdoor living market” Black

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Meet the Newest Stock-Split AI Stock in the Dow Jones. It Soared 925% in 2 Years, and Wall Street Says It's Still a Buy

The Motley Fool

Semiconductor company Nvidia (NASDAQ: NVDA) has been one of the hottest stocks on Wall Street since the launch of ChatGPT sparked the artificial intelligence (AI) boom. In fact, Nvidia shares surged 910% during the last two years, making it the best-performing member of the S&P 500 (SNPINDEX: ^GSPC). That price appreciation also led to a 10-for-1 stock split earlier this year.

Returns 245
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Anglo American to offload Australian coal mining stake for $1.1bn

Financial Times M&A

London-listed group sells holding as it pushes ahead with radical plans to streamline business

Stakes 83
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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.

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New Mexico State Investment Council commits to The Column Group, Anzu Partners, Antler Global funds

AltAssets

The $58bn-managing New Mexico State Investment Council has picked funds from venture capital investors The Column Group and Anzu Partners among its latest alternatives commitments. The post New Mexico State Investment Council commits to The Column Group, Anzu Partners, Antler Global funds appeared first on AltAssets Private Equity News.

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Warren Buffett Is Selling Stocks at a Record Pace and Avoiding His Favorite Stock for the First Time Since 2018

The Motley Fool

Warren Buffett is commonly regarded as one of the most successful investors in American history. Shares of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) have increased more than 5,400,000% since he took control of the company in the mid-1960s, due in large part to savvy acquisitions and stock purchases he engineered. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) has returned about 37,500%.

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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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Why Plug Power Stock Charged Higher Today

The Motley Fool

Plug Power (NASDAQ: PLUG) shares jumped today, and investors see a path for more gains to come. That's not because of any news directly from the hydrogen power company. Rather, it's what investors see as a potentially very lucrative new market for Plug Power. Shares were 19.9% higher as of 12:40 p.m. ET Monday after reports that the Federal Energy Regulatory Commission (FERC) rejected a request to increase the amount of power from a nuclear plant.

Returns 189
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Private credit yields to remain elevated amid higher rate environment

Private Equity Wire

With interest rates likely to remain elevated, private credit yields are set to stay attractive for longer, according to a report by Bloomberg quoting Randy Schwimmer, vice chairman at $50bn private capital manager Churchill Asset Management. Speaking on Bloomberg Intelligence’s Credit Edge podcast, Schwimmer highlighted that the US economy’s strength and the Federal Reserve’s ongoing focus on inflation are sustaining this “high-rate regime,” which benefits private debt investors.

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This Beaten-Down Stock Could Soar by 354%, According to Wall Street

The Motley Fool

In the exciting and volatile biotech industry, stocks can soar quickly on clinical or regulatory progress. Reliably predicting which ones will do so in advance is impossible, but we can get some clues from Wall Street analysts. According to analysts' consensus estimate, Intellia Therapeutics (NASDAQ: NTLA) , a clinical-stage biotech, boasts a substantial upside.

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Avenue Capital seeks buyer for impact fund

Private Equity Wire

Avenue Capital Group, led by billionaire Marc Lasry, is looking for a buyer for its impact investing division after the New York State Common Retirement Fund — its anchor investor in the first Sustainable Solutions Fund — chose not to back a second fund, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as confirming that the $12.2bn firm, which manages over $400m in the Sustainable Solutions Fund, had hoped to raise a comparable amount for a follow-up