Thu.Jul 18, 2024

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Costco Just Made a Move That Could Drive Its Share Price Up to $1,000 This Year

The Motley Fool

Costco Wholesale (NASDAQ: COST) is one of the more expensive retail stocks you can buy. It trades at a price-to-earnings multiple north of 50 and its market cap is $370 billion. In just five years, the shares have soared by 200%. While Costco has a great business, the biggest reason to not invest in the company today is its high valuation. But investors shouldn't count out this stock in either the short or long term.

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New Study: Private Equity Delivers the Strongest Returns for Millions of Public Servants

American Investment Council

Maloney : “Strong private equity returns ensure that tens of millions of dedicated public servants can depend on a well-funded pension to support their well-deserved retirement.” Washington, D.C. – Today, the American Investment Council released its 2024 public pension study showing that private equity once again delivered the strongest returns for public pension portfolios.

Returns 140
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Aurora Cannabis Is Having a Good Year in 2024. Has It Turned Its Business Around?

The Motley Fool

To say Aurora Cannabis (NASDAQ: ACB) has faced some challenges over the years would be a huge understatement. The once-leading cannabis producer in the Canadian marijuana industry is now a shell of its former self. Instead of acquiring large cannabis companies, it's been focusing on more modest opportunities and markets. And to some extent, it has been working.

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Momento Raises $15M in Series A Funding

FinSMEs

Momento, a Seattle, WA-based provider of a real-time data platform, raised $15M in Series A funding. The round was led by Bain Capital Ventures, with participation from The General Partnership, Marianna Tessel Neha Narkhede, Tom Killalea, Don MacAskill, and John Lilly. The company intends to use the funds to accelerate enterprise sales and to expand […] The post Momento Raises $15M in Series A Funding appeared first on FinSMEs.

Funds 114
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Where Will Palantir Technologies Stock Be in 5 Years?

The Motley Fool

Investors have been buying Palantir Technologies (NYSE: PLTR) stock hand over fist in 2024, which is evident from the 67% gains clocked by the company that's known for providing data analysis software platforms to both government and commercial customers. Artificial intelligence (AI) played a central role in Palantir stock's surge this year as the growing adoption of this technology across the globe led to a nice bump in the company's revenue pipeline.

Returns 246
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Planned Raises $35M in Series B Funding

FinSMEs

Planned, a Montreal, Canada-based provider of an end-to-end solution for travel & events, raised $35M in Series B funding. The round, which brought the total amount to $65M, was led by Drive Capital, with the participation of Outsiders Fund and two other firms. In addition to the funding announcement, Planned added Frederic Lalonde, CEO and Co-Founder […] The post Planned Raises $35M in Series B Funding appeared first on FinSMEs.

Funds 112

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EdgeRunner AI Raises $5.5M in Seed Funding

FinSMEs

EdgeRunner AI, a Seattle, WA-based startup building Generative AI for the edge, closed a $5.5m seed funding round. The round was led by Four Rivers Group with participation from Madrona Ventures and strategic angels. Four Rivers Group, Madrona Ventures, The company intends to use the funds to build its platform, powered by state-of-the-art transparent models […] The post EdgeRunner AI Raises $5.5M in Seed Funding appeared first on FinSMEs.

Funds 109
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3 Reasons to Seriously Consider Using a Living Trust to Pass an Inheritance to Your Family

The Motley Fool

This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. If you have a family, you may be inclined to take certain steps to protect them financially. One of those might be buying life insurance. Another might involve coming up with a plan to pass your assets on to your heirs as smoothly as possible.

Assets 246
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Allium Raises $16.5M in Series A Funding

FinSMEs

Allium, a NYC-based blockchain data platform for enterprises, raised a $16.5m Series A funding. The round was led by Theory Ventures with participation from seed investors Kleiner Perkins and Amplify Partners. Tomasz Tunguz, Founder of Theory Ventures, will join the board as part of its investment. This brings the company’s total capital raised to $21.5 […] The post Allium Raises $16.5M in Series A Funding appeared first on FinSMEs.

Funds 109
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5 Ways You Can Make the Most of Your Costco Membership, Even at $65

The Motley Fool

Image source: Getty Images In recent years, many people have seen their living costs increase in different ways, whether it's rising rents or added insurance costs. Unfortunately, Costco is now joining the ranks of companies that are raising their fees. The warehouse club giant recently announced that starting Sept. 1, the cost of a basic (Gold Star) membership will be rising from $60 a year to $65.

Companies 246
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New Frontier Funding Receives Growth Capital from Homsher Family Office

FinSMEs

New Frontier Funding, a San Diego, CA-based pioneer in leveraging generative AI to help small and medium-sized businesses (SMBs) find credit and debt funding, closed a round of growth capital from the Homsher Family Office. The amount of the deal was not disclosed. This growth capital will fund technology infrastructure, continued development of AI, and […] The post New Frontier Funding Receives Growth Capital from Homsher Family Office appeared first on FinSMEs.

Capital 108
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This Artificial Intelligence (AI) Stock Is Outperforming Nvidia. Can It Keep Doing So?

The Motley Fool

Share prices of CrowdStrike (NASDAQ: CRWD) have taken off since the beginning of June, with impressive gains of 22% as of this writing. There are a couple of reasons behind the cybersecurity specialist's robust rally that helped it outpace one of the hottest stocks on the market during this period: Nvidia (NASDAQ: NVDA). It's worth noting that CrowdStrike's gains over the past month are almost double the 11% jump that Nvidia stock has registered.

Returns 246
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OnRamp Raises $14.2M in Funding

FinSMEs

OnRamp, a Boston, MA-based company that delivers customer onboarding by automating and streamlining the post-sales process, raised $14.2M across a seed and recent Series A funding rounds. The round was led by Javelin Venture Partners with participation from Contour Venture Partners, Pear VC, Quiet Capital, Correlation Ventures, Frontier Ventures, J Ventures and others, along with strategic individuals including Claire Hughes Johnson (Stripe), Steve Fredette, and Louis […] The post OnRamp R

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Missed Out on Shopify Stock? Buy Global-e Stock Instead.

The Motley Fool

Shopify has become one of the largest e-commerce companies in the world. It provides the backbone for millions of small merchants, and it's pivoting to capture market share from enterprise businesses. But if you're looking for a smaller player that's just getting started, you might want to consider buying Global-e Online (NASDAQ: GLBE) stock. It's growing fast, and it also gives you exposure to Shopify.

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The Best Investment I Ever Made (the Pros & Cons of Owning a Vacation Home)

A Wealth of Common Sense

A reader asks: As someone that spends too much time thinking about buying a lake house, I would love to hear your thoughts. The argument that you will feel tied down and obligated to go to the lake house at the expense of other travel worries me. A few weeks ago I wrote about my all-time high in savings and why it was a mistake. Here’s something I shared: But I no longer feel it’s necessary to go over and abov.

Investing 104
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A Top-Tier Dividend Stock Every Passive-Income Investor Should Consider

The Motley Fool

Creating multiple streams of passive income is a well-known strategy for achieving financial independence. However, identifying truly valuable passive-income opportunities can be a daunting task. Enter Tier 1 dividend stocks: equities from companies that have demonstrated an unwavering dedication to shareholder rewards through consistent distributions and dividend increases.

Investors 246
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Top Advisor Website Roundup: LPL Financial

FMG

An excellent advisor website can make all the difference in connecting with a potential client. That’s why we’re proud to partner with LPL Financial advisors to help keep their sites up-to-date and modern, with clear value propositions, easy navigation, engaging content, and more. Here are 5 LPL Financial advisor websites that highlight what makes an advisor site great while bringing traffic to their site : 1.

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Why Tesla Could Be the Best "Magnificent Seven" Stock to Own in the Second Half of 2024

The Motley Fool

The "Magnificent Seven" stocks are some of the best and brightest growth stocks investors can buy. But many of them have amassed some incredible gains over the past year-and-a-half, pushing their valuations to concerning levels for many investors. Electric vehicle maker Tesla (NASDAQ: TSLA) , has, however, been a bit of an underperformer in 2024. Year to date, it's up only 2%, and that would have been much worse if not for a recent rally.

Investors 246
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Menlo Ventures continues AI startup push with new $100m fund

AltAssets

Veteran VC investor Menlo Ventures has continued its thrust into AI investment via a new $100m fund launched in partnership with $18.4bn-valued AI startup Anthropic. The post Menlo Ventures continues AI startup push with new $100m fund first appeared on AltAssets Private Equity News.

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Forget the S&P 500 -- Buy This Magnificent ETF Instead

The Motley Fool

Buying an exchange-traded fund (ETF) that tracks the S&P 500 index is a terrific method of generating long-term wealth. Statistics show that around 90% of actively managed funds failed to beat the index over the last 15 years. Simply buying the index allows you to catapult your performance into the top 10% of the industry. But there's one ETF that could improve your portfolio's performance even more.

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CCMP Capital spinout CCMP Growth seals $500m for debut fundraise

AltAssets

CCMP Growth Advisors has beaten its $500m target for its first flagship fund since being created out of veteran investor CCMP Capital two years ago. The post CCMP Capital spinout CCMP Growth seals $500m for debut fundraise first appeared on AltAssets Private Equity News.

Capital 91
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Top Nvidia Customer Expected to Increase Spending

The Motley Fool

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and other semiconductor companies. 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 July 16, 2024. The video was published on July 16, 2024. Should you invest $1,000 in Nvidia right now?

Returns 245
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Campbell Lutyens appoints five MDs in New York, London and Paris 

Private Equity Wire

Global private capital advisor Campbell Lutyens has promoted five to Managing Director across its New York (Nick Best, Alex Jerez-Fernandez and Brendan Webb), London (James Windsor) and Paris (Victor de Brondeau) offices. Best joined the firm in 2018 as an executive on the firm’s US secondaries team. He advises on GP-led and LP-led secondary transactions across asset classes.

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Jamie Dimon Just Gave Investors a Big Warning -- Should You Be Worried?

The Motley Fool

JPMorgan Chase (NYSE: JPM) recently kicked off earnings season for the big U.S. banks, and for the most part, the numbers looked strong. The megabank beat analyst expectations on both the top and bottom lines. Earnings and revenue grew by 25% and 20%, respectively, year over year, and investment-banking revenue jumped by more than 50%. While the earnings results generally looked strong, it's important to note that CEO Jamie Dimon had some cautionary words for investors.

Investors 245
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UK PE investment cools in H1 2024 but rebound expected in H2, says KPMG

Private Equity Wire

Mid-market private equity investment activity in the UK declined by 11% in the first half of 2024, as challenging macroeconomic conditions persisted, according to KPMG UK’s latest mid-market private equity analysis. The firm’s most recent M&A study revealed that 321 mid-market transactions were completed during the first six months of the year, representing a drop of 11% when compared to 360 transactions completed during the same period in 2023.

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5 of the Best Costco Deals for July 2024

The Motley Fool

Image source: Getty Images Costco has a major goal when it comes to stocking its shelves: offer prices that are lower than its competitors. To that end, Costco makes a point to always offer low prices on its wide range of inventory. But every month, Costco offers up specific discounts on select items that could result in even more savings than you're used to.

Companies 244
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SLR Capital Partners appoints Senior Advisor

Private Equity Wire

SLR Capital Partners, a private credit platform specialising in direct lending to US middle market companies, has appointed Scottie Bevill, formerly Senior Investment Officer for the Teachers’ Retirement System of the State of Illinois, as Senior Advisor. Most recently, Bevill led global income strategies for the $65bn pension plan, overseeing all public and private markets debt and fixed income portfolios.

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2 Magnificent S&P 500 Dividend Stocks Down 19% and 41% to Buy and Hold Forever

The Motley Fool

The widely followed S&P 500 index includes some of the strongest companies in the world, and many of these industry leaders regularly distribute dividends to shareholders. Let's look at two elite S&P 500 companies that have seen their share prices stumble this year but that now sport yields that are more than double the average yield of the index. 1.

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Blackstone to acquire backup power supply specialist Trystar

Private Equity Wire

Private equity funds affiliated with Blackstone are to acquire Trystar, a provider of electrical equipment used for backup power solutions serving data centre, industrial, commercial, healthcare and utility end markets. Trystar designs and manufactures electrical power solutions which help to ensure power reliability. In a statement, Mark Zhu, Managing Director at Blackstone Energy Transition Partners, said: “Trystar’s innovative and mission-critical power management solutions are well-positione

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3 Growth Beasts (Not Named Nvidia) That Have Been 10-Baggers Over the Past 10 Years

The Motley Fool

Nvidia 's business has been scorching hot over the past year as the rapid growth in artificial intelligence (AI) resulted in escalated demand for the company's chips. Enthusiasm over that demand helped generate life-changing returns for investors totaling more than 28,000% over the past decade. Given that its valuation has already climbed over $3 trillion, replicating this growth going forward is exponentially tougher.

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Cliffwater appoints Head of Private Equity Secondaries

Private Equity Wire

Alternative investment adviser and fund manager Cliffwater has expanded its team dedicated to its Cascade Private Capital Fund with the appointment of Timothy Henn as Managing Director and Head of Private Equity Secondaries. According to a press statement, Henn will lead the development of the firm’s secondaries capabilities for both LP-led and GP-led investments.

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Why Robinhood and SoFi Are On Fire Right Now

The Motley Fool

Fintechs have been trying to disrupt big banks for years, and the time may have finally come. Big banks are losing deposits to SoFi (NASDAQ: SOFI) and Robinhood (NASDAQ: HOOD) , and that may drive the stocks higher for years to come. Travis Hoium covers the latest news in this video. *Stock prices used were end-of-day prices of July 15, 2024. The video was published on July 16, 2024.

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Oak Hill, OneIM team up to spend $5bn on European private credit deals

AltAssets

Credit investment major Oak Hill Partners has teamed up with One Investment Management to create an initial fund of $5bn targeting European private credit deals. The post Oak Hill, OneIM team up to spend $5bn on European private credit deals first appeared on AltAssets Private Equity News.

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Stock-Split Watch: Is Super Micro Computer Next?

The Motley Fool

At the end of May, I noted five high-flying artificial intelligence stocks that seemed primed for a stock split. Sure enough, in a span of weeks, three of those five went ahead and announced splits. That of course leaves two others with sky-high stock prices and continued AI momentum. Here's why one of them, Super Micro Computer (NASDAQ: SMCI) , may be the next to split.

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