The Motley Fool

AUGUST 6, 2024

The Nasdaq Composite (NASDAQINDEX: ^IXIC) measures the performance of more than 3,000 companies from the Nasdaq Stock Exchange. The index is commonly seen as a barometer for growth stocks because it is heavily weighted toward the technology sector. On Friday, Aug. 2, the Nasdaq closed more than 10% below the bull market high of 18,647 it reached in the previous month.

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Private Equity Info

AUGUST 6, 2024

Private equity firms are investing in smaller deals and exercising caution with larger deals, according to new data from Private Equity Info ’s M&A research database.

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Private Equity Firms Private Equity Firms Investing 147

The Motley Fool

AUGUST 6, 2024

Palantir Technologies (NYSE: PLTR) stock surged 12.2% in Monday's after-hours trading following the software-as-a-service (SaaS) company's release of its second-quarter 2024 results. Investors' delight is attributable to the quarter's revenue and earnings both beating Wall Street's expectations, third-quarter revenue guidance also coming in ahead of the analyst consensus estimate, and management increasing its full-year 2024 outlook for revenue and a couple of other metrics.

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A Wealth of Common Sense

AUGUST 6, 2024

Three things I’m thinking about during the stock market correction: This is why I love markets. Everything was calm. There was no volatility to speak of this year. Then BAM! Stocks are tumbling around the globe. Investors are recalibrating on the fly. People are worried about a recession, an AI bubble bursting, the Fed’s inaction, the labor market, the Yen carry trade and a whole lot more.

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Stock Market Stock Market Investors 139

The Motley Fool

AUGUST 6, 2024

Since early last year, investors have embraced the potential of artificial intelligence (AI), scooping up shares of those companies best positioned to profit from this groundbreaking technology. However, a long bull run and stretched valuations had many investors wondering if the ongoing rally could continue. In recent weeks, some have taken a step back, looking for further evidence the accelerating adoption of AI would continue.

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Private Equity Professional

AUGUST 6, 2024

Stellex Capital Management has agreed to acquire McConway & Torley and Standard Forged Products (together MTSF) from publicly traded Arcosa. McConway & Torley (MT) specializes in manufacturing steel castings for the railroad industry, including couplers, yokes, and knuckles. In the railroad industry, couplers connect train cars, yokes support and align the couplers, and knuckles are the pivoting parts of couplers that lock cars together.

Enterprise Values 130

Enterprise Values Business Services Capital Companies 130

Private Equity Professional

AUGUST 6, 2024

After a 4.5 year hold, Behrman Capital has agreed to sell its portfolio company kSARIA Holdings to ITT for $475 million. kSARIA is a provider of interconnect products and services used in avionics, sensors, communications, and networking applications, including fiber optic and electrical cable assemblies and harnesses, RF and microwave assemblies, and flexible metal conduit assemblies.

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The Motley Fool

AUGUST 6, 2024

Onetime investor favorite Intel (NASDAQ: INTC) took another in a series of hits on Tuesday, with an analyst's new and more bearish take on its prospects. Already beaten down in price, Intel's shares sagged by 1.4% on the day. This compared unfavorably to the slightly over 1% gain of the S&P 500 index it's a part of. Recommendation chop That researcher was Argus' Jim Kelleher, who now feels Intel is only a hold.

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FinSMEs

AUGUST 6, 2024

Growlink, a Denver, CO-based controlled environment agriculture (CEA) provider of advanced IoT controllers, sensors, and cultivation software, raised $2M in Seed funding. The round was led by Casa Verde. Led by CEO Ted Tanner, Growlink is a provider of advanced agricultural technology solutions designed to optimize the cultivation process for cannabis growers.

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The Motley Fool

AUGUST 6, 2024

Every corporation will face challenges and setbacks -- which will sometimes sink its stock price. That's not a good reason for long-term investors to jump ship unless, of course, there's a fundamental shift in the company's prospects. Stocks that can perform reasonably well while maintaining a positive long-term outlook may well be worth holding onto for good.

Prospects 246

Prospects Portfolios Returns Investors 246

FinSMEs

AUGUST 6, 2024

Nob Hill Therapeutics, an Albuquerque, NM-based an early-stage pulmonary medical device and therapeutics company, raised $3M in Series A funding. The round was led by Tramway Venture Partners and included investments from TCA Venture Group and VIC Technology Venture Development (which founded NHT). In connection with the financing, Chris Japp, Managing Partner of Tramway Venture Partners, […] The post Nob Hill Therapeutics Raises $3M in Series A Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 6, 2024

Most retirees receive monthly Social Security checks from the government to help them cover retirement costs. But just how much is Uncle Sam sending to America's seniors? The amount may surprise you. Check out what the typical retiree receives in Social Security benefits, so you can see how your income compares to the money your peers are bringing home.

Accounting 246

Accounting 246

FinSMEs

AUGUST 6, 2024

Nammi Therapeutics, Inc., a Los Angeles, CA-based immuno-oncology company, received $1M in investment commitment by the Myeloma Investment Fund (MIF). The investment was part of a $30M Series B financing round. Led by David Stover, Ph.D., President and CEO, Nammi Therapeutics is an immuno-oncology company developing platforms and products that selectively activate anti-tumor immunity within the tumor microenvironment […] The post Nammi Therapeutics Completes Series B Funding appeared first

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Funds Financing Finance Companies 111

The Motley Fool

AUGUST 6, 2024

Recent advancements in the field of artificial intelligence (AI) sparked a flurry of interest from consumers and investors alike. The dawn of generative AI early last year has also had an impact on companies at the cutting edge of the technology, sending sales and profits to new heights. This, in turn, has sent the stock prices of these companies surging as investors scramble to get in on the ground floor of the paradigm shift in the technology landscape.

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Investors Shareholders Investment Banks Investment Banking 246

FinSMEs

AUGUST 6, 2024

Boostly, a Lehi, UT-based provider of a marketing platform for restaurants, raised $5.6M in Seed funding. The round was led by Trestle Partners, with participation from Relish Works, Singularity Capital, and Y Combinator. The company intends to use the funds to accelerate growth and expand its business reach. Founded by Shane and Mikey Murphy, Boostly […] The post Boostly Raises $5.6M in Seed Funding appeared first on FinSMEs.

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Funds Capital Companies 110

The Motley Fool

AUGUST 6, 2024

Intel 's (NASDAQ: INTC) CEO Pat Gelsinger said he was disappointed by the chipmaker's second-quarter results -- and he wasn't the only one. The market sanctioned the company's performance, bringing the stock down 30% in one trading session last week. In the earnings report, Intel fell short of analysts' expectations, predicted a weak period ahead, and announced a $10 billion cost-cutting plan that includes major job cuts.

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Returns Investors Companies Portfolios 246

Financial Times M&A

AUGUST 6, 2024

Swiss drugmaker examines options for Flatiron Health after acquisition has disappointed

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The Motley Fool

AUGUST 6, 2024

Apple (NASDAQ: AAPL) posted its latest earnings report on Aug. 1. For the third quarter of fiscal 2024, ended on June 29, the tech titan's revenue rose 5% year over year to $85.8 billion and exceeded analysts' estimates by $1.4 billion. Its earnings increased 11% to $1.40 per share and also cleared the consensus forecast by $0.06. Apple's headline numbers were stable, but it's already rallied roughly 304% over the past five years and is trading about 12% below its all-time high.

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Legal Leveraging Returns Investors 246

Financial Times M&A

AUGUST 6, 2024

Private equity group’s offer values FGS Global at about $1.

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The Motley Fool

AUGUST 6, 2024

Lemonade (NYSE: LMND) just reported another round of results that look great on the surface. But some of its updates didn't please investors, and the stock tanked, after rising in anticipation of strong numbers. Let's see what's going on and why you might want to buy this artificial intelligence (AI)-based insurance stock. 1. Growth is stronger than you think Lemonade reported strong growth in the 2024 second quarter.

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FinSMEs

AUGUST 6, 2024

Phinxt Robotics, a London, UK-based AI-led robotics software company, raised £2M in funding. The round was led by Sure Valley Ventures with participation from Ada Ventures, Atlas Ventures and Heartfelt Ventures. The company intends to use the funds to expand operations and its development efforts. Led by CEO Yanwen Chen and Quirino Zagarese, Phinxt Robotics […] The post Phinxt Robotics Raises £2M in Funding appeared first on FinSMEs.

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Funds Companies 104

The Motley Fool

AUGUST 6, 2024

At any given time, several stocks stand out as good buys. But deciding which companies to invest in and how much to allocate toward each stock can be difficult. Exchange-traded funds (ETFs) relieve the pressure of deciding by diversifying assets across dozens, hundreds, or even thousands of stocks. The Vanguard Value ETF (NYSEMKT: VTV) has just a 0.04% expense ratio, or 4 cents for every $100 invested, making it a great way to gain exposure to over 300 value stocks.

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Exchange-Traded Funds Funds Capital Returns 246

Private Equity Professional

AUGUST 6, 2024

Palladium Equity Partners has promoted Partner Daniel Ilundain to President. Mr. Ilundain has a 21-year history with Palladium, beginning in 2003 as an investor in Palladium when he was an investment manager at BBVA , a Spain-based private equity firm. He joined Palladium in 2005 and currently serves as co-head of Palladium’s middle-market-focused Flagship Funds.

Private Equity Firms 100

Private Equity Firms Private Equity Firms Funds Portfolios 100

The Motley Fool

AUGUST 6, 2024

When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett speaks, the whole of Wall Street pays close attention. Delivering an aggregate return of more than 5,180,000% in Berkshire's Class A shares (BRK.A) since becoming CEO in 1965, and effectively doubling up the annualized total return of the broad-based S&P 500 spanning almost six decades, has garnered Buffett quite the following.

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Shareholders Banks Taxes Stakes 246

Private Equity Professional

AUGUST 6, 2024

ONDEX Automation , an industrial automation platform formed by Shore Capital Partners , has acquired LIVE Automation. ONDEX was formed by Shore in November 2023, and the acquisition of LIVE Automation is the platform’s first purchase. Shore aims to grow ONDEX into a $100 million annual revenue business. Chicago-headquartered ONDEX is led by CEO Justin Kerr , an executive with 20 years of experience in the industrial and technology sectors.

Consulting 100

Consulting Consultants Capital Funds 100

The Motley Fool

AUGUST 6, 2024

When there's a market deluge, Cathie Wood is there trying to catch the drops in a bucket. The co-founder, CEO, and stock picker at Ark Invest had one of her busiest days of trading on Monday, when the market was plummeting. She added to two dozen of her existing positions, taking advantage of the lower entry points. Will her strategy work? Wood kicked off the new trading week by building up her stakes in Amazon.com (NASDAQ: AMZN) , Tesla Motors (NASDAQ: TSLA) , and Tempus (NASDAQ: TEM).

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Public Companies Stakes Shareholders Assets 245

Private Equity Wire

AUGUST 6, 2024

Patria Investments, a global alternative asset manager active in private equity, infrastructure, credit, public equities, real estate and global private markets, has launched a new private credit strategy focused on Latin America. The new private credit platform combines Patria’s expertise in alternative assets in Latin America and Moneda’s credit investment franchise experience structuring private credit transactions to offer creative and innovative financing solutions to corporates across the

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Investing Asset Management Financing Finance 98

The Motley Fool

AUGUST 6, 2024

Image source: Getty Images There was a time, and it wasn't so long ago, when starting a business, almost any business, was an expensive undertaking. Renting out a location, getting insurance, paying for advertising -- it all added up to big charges on your credit card. But things are different now, mostly due to two transformations: Most businesses can be virtual these days.

Startups 245

Startups Accounting Companies Investing 245

Private Equity Wire

AUGUST 6, 2024

Middle-market private equity firm Aurora Capital Partners has acquired GenServe, a provider of backup power for commercial, industrial and critical infrastructure. Terms of the transaction have not been disclosed. Founded in 1990, GenServe provides standby power for protection against grid outages. The company also performs maintenance and service repairs for more than 10,000 customers across healthcare, data centre, utilities, government and education.

Capital 98

Capital Private Equity Firms Private Equity Firms Education 98

The Motley Fool

AUGUST 6, 2024

Software provider Workiva (NYSE: WK) helps organizations aggregate their data for reporting purposes, and it's on the cusp of a major opportunity in the environmental, social, and governance (ESG) space. It's one of the latest technology companies to report its financial results for the quarter ended June 30, and it managed to beat its prior revenue forecast.

Securities and Exchange Commission (SEC) 245

Securities and Exchange Commission (SEC) Consulting Consultants Returns 245

Private Equity Wire

AUGUST 6, 2024

Three Hills, a provider of “preferred capital” to the European middle market, has closed its investment in audiovisual production services company TwentyFour Seven Group, which will facilitate a management buyout and further international expansion via M&A. This marks the eighth transaction in Three Hills Capital Solutions IV, which closed in 2022 at its hard cap of just over €1bn, and follows a five-year investment from Spanish private equity firm Nexxus Iberia.

Companies 98

Companies Private Equity Firms Private Equity Firms Buyout 98

The Motley Fool

AUGUST 6, 2024

So far in 2024, the healthcare sector has returned 8.5%. This is roughly on par with the long-term average return of the S&P 500. While that's not too shabby, growth investors may be looking for something a little more enticing. Within the broader healthcare sector, the drug manufacturers market has generated a return of 14.3% so far in 2024 and 17.3% over the last year.

Prospects 244

Prospects Returns Investors Companies 244

Private Equity Wire

AUGUST 6, 2024

US private investment major Carlyle Group doubled its fundraising efforts in the second quarter of the year, amassing over $12bn as part of a strategic turnaround initiative led by CEO Harvey Schwartz, according to a report by the Financial Times. The group’s latest Japan buyout fund, as well as its real estate and credit businesses, were responsible for the majority of the fundraising.

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Buyout Investment Firms Funds Investing 98

The Motley Fool

AUGUST 6, 2024

Social Security has been a key part of millions of Americans' retirement finances for decades now. The role Social Security benefits play in people's retirement varies widely, but in any case, it's good to have this guaranteed income after many years of paying Social Security taxes. You can never really have too much income in retirement, so it's understandable that many people aim to receive the maximum Social Security benefit possible.

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