Tue.Jul 16, 2024

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Is a Stock Market Crash Coming in 2024? This Is How Long the Average Bull Market Lasts.

The Motley Fool

The stock market has been on fire throughout the last couple of years. The S&P 500 (SNPINDEX: ^GSPC) has soared by nearly 57% from its lowest point in late 2022, while the Dow Jones (DJINDICES: ^DJI) and Nasdaq (NASDAQINDEX: ^IXIC) are up by around 37% and 77%, respectively, in that time. But the market can't continue surging forever, and eventually, we'll face another bear market or even a crash.

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How Many Millionaires Are There?

A Wealth of Common Sense

There aren’t all that many millionaires in the world. People with wealth in excess of $1 million make up just 1.5% of the world’s population. Yet this group controls nearly half of the world’s wealth (around $214 trillion in total). There are even fewer billionaires — a little less than 2,700 worldwide or a number that rounds down to 0% of the global population.

Finance 143
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I Want to Be an IRA Millionaire by Retirement. Here's How I'm Planning to Get There.

The Motley Fool

Truth be told, achieving a million-dollar retirement account can seem out of reach if you don't know many people who have achieved this milestone. It might seem even more daunting if you're trying to reach that goal in a traditional or Roth individual retirement account (IRA), where the contribution limits are only $7,000 for those under 50 in 2024.

Finance 246
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Blue Point Begins Build of National Safety Apparel

Private Equity Professional

National Safety Apparel , a portfolio company of Blue Point Capital Partne rs since May 2024, has acquired Tri-Star Glove. National Safety Apparel (NSA) is a provider of flame-resistant clothing (FRC), electrical personal protective equipment (PPE) and thermal and industrial PPE, workwear, and uniforms. The majority of NSA’s branded products – including DRIFIRE , Enespro , and Wild Things – are made in the United States.

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3 Dividend Stocks That Have Outperformed the S&P 500 and Nasdaq Composite Over the Last 5 Years

The Motley Fool

Over the last five years, the S&P 500 and Nasdaq Composite have both produced total returns (including dividends) of over 100%. It's been an incredible period in the broader stock market, but especially in the tech sector, which is the largest sector by weighting in both indexes and has been the best-performing sector over the last five years (by far).

Prospects 246
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Branford Castle Does Knot Disappoint! Completes Sale of Earthlite Massage Tables

Private Equity Professional

Branford Castle has closed its sale of Earthlite Massage Tables to Valesco Industries. Earthlite , a portfolio company of Branford Castle since July 2016, is a manufacturer of over 300 SKUs of massage tables, alternative beauty and wellness equipment, supplies and accessories, oils and creams, manicure and pedicure equipment, and medical exam equipment.

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PEXX Raises $4.5 Million in Seed Funding for its Innovative Stablecoin-to-Fiat Payment Platform

FinSMEs

Singapore, Singapore, 16th July 2024, Chainwire The post PEXX Raises $4.5 Million in Seed Funding for its Innovative Stablecoin-to-Fiat Payment Platform appeared first on FinSMEs.

Funds 118
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ExxonMobil and Chevron Are Rock-Solid Dividend Stocks, but So Are These 2 Energy Stocks That Are Down 3% and 15% in 2024

The Motley Fool

ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) are the two largest U.S.-based oil and natural gas companies. However, there are plenty of other dividend-paying energy companies to consider. Two that stand out today are Equinor (NYSE: EQNR) , down 15% year to date, and ConocoPhillips (NYSE: COP) , down 3% so far this year. Both companies pay attractive dividends and are worth buying now.

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Predicta Biosciences Raises $5.2M in Seed Funding

FinSMEs

Predicta Biosciences, a Boston, MA-based precision oncology company developing diagnostic and therapeutic products, raised $5.2M in Seed funding. The round was led by The Engine Ventures, with participation from Illumina Ventures, Time Boost Capital, the American Cancer Society Bright Edge and the Oetgen family. Jay Wohlgemuth, former CMO of Quest Diagnostics, Mara Aspinall, former CEO of Roche Tissue Diagnostics and Partner […] The post Predicta Biosciences Raises $5.2M in Seed Funding ap

Funds 115
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Is It Too Late to Buy Intel Stock?

The Motley Fool

Intel (NASDAQ: INTC) is having a terrible year so far. Shares of the chip specialist have lost nearly a third of their value as of this writing, which is in stark contrast to the 38% gain in the PHLX Semiconductor Sector index, but a closer look at the recent stock price action indicates that the stock may be gaining some momentum. Shares of Intel have jumped almost 12% this month, outperforming the PHLX index.

Returns 246
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Exa Raises $22M in Series A Funding

FinSMEs

Exa, a San Francisco, CA-based AI research lab redesigning search for the AI age, raised $22M in seed and Series A funding. The round was led by Lightspeed Venture Partners, with participation from NVentures, NVIDIA’s venture capital arm, and Y Combinator. The company intends to use the funds to expand operations and its development efforts […] The post Exa Raises $22M in Series A Funding appeared first on FinSMEs.

Funds 115
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Here's Why GE Aerospace Stock Soared 24.6% in the First Half of 2024

The Motley Fool

The stock started 2024 as General Electric but is now GE Aerospace (NYSE: GE). The change of name reflects the spin-off of GE Vernova in early April. No matter which way you look at it, GE stock was up 24.6% in the first half, according to data provided by S&P Global Market Intelligence. Why GE stock outperformed The exceptional performance is due to two factors.

Returns 246
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Making Space Raises $2M Pre-Seed Round

FinSMEs

Making Space, a Los Angeles, CA-based provider of a B2B SaaS talent acquisition and learning platform for companies to train, access, and retain pre-qualified disabled talent, raises $2M in Pre-Seed funding. The round was led by Beta Boom, with participation from JFFVentures, FullCircle, American Student Assistance (ASA), ECMC Foundation, SmartJob, Mindshift Capital, Techstars and other investors. […] The post Making Space Raises $2M Pre-Seed Round appeared first on FinSMEs.

Capital 115
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5 Big Perks of Working for Costco

The Motley Fool

Image source: Getty Images. I've never worked for Costco, but as a longtime Costco member (for 20 years!), I've always gotten the impression that Costco is a good place to work. As of February 2024, Costco ranks No. 61 on Forbes' list of America's Best Large Employers, and 74% of Costco employees on Glassdoor would recommend Costco to a friend. One of the biggest strengths of Costco is the quality of its work environment.

Education 246
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Bio-Logical Raises $1.3M in Funding

FinSMEs

Bio-Logical, a Nairobi, Kenya-based climate tech company, raised $1.3M in funding. The round was led by CrossBoundary, Redshaw Advisors and existing investors the Steyn Group. The company intends to use the funds to increase its carbon removal and fertiliser production capacity, boosting crop yields and climate resilience for thousands of smallholder farmers.

Funds 114
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2 Glorious Growth Stocks Down 29% and 45% You'll Wish You'd Bought on the Dip

The Motley Fool

According to Cybersecurity Ventures, cybercrime is set to cost the world $9.5 trillion this year, and the damage bill could top $10.5 trillion in 2025. Malicious actors are even using artificial intelligence (AI) to launch highly sophisticated attacks on businesses. In fact, 64% of the 4,702 CEOs surveyed by PwC earlier this year said generative AI will increase cybersecurity risks in their organization during the coming 12 months alone.

Assets 246
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Who killed the ESG party? | FT Film

Financial Times: Moral Money

ESG investing was until recently a buzzword in global finance, the party was in full swing, the marketing material was everywhere and the money was rolling in. But asset managers are no longer boasting about their environmental, social and governance credentials after poor performance, greenwashing scandals and a political backlash in the US. So who killed the ESG party?

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Why Archer Aviation Is My Highest-Conviction Small-Cap Stock

The Motley Fool

While large-cap growth stocks have dominated the U.S. market since the Federal Reserve began hiking interest rates in March 2022, the tide may soon turn. With the central bank poised to start cutting rates later this year, we could see a broader rally in mid- and small-cap growth equities. Which growth stocks should investors have on their radar leading into this potential catalyst?

Banks 245
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Mira Raises $9M in Seed Funding

FinSMEs

Mira, a Singapore-based provider of a decentralized infrastructure platform to expand access to advanced AI, raised $9M in Seed funding. The round was led by BITKRAFT Ventures and Framework Ventures, with participation from Accel, Crucible, Folius Ventures, Mechanism Capital, SALT Fund, and angel investors. The company intends to use the funds to expand its headcount globally […] The post Mira Raises $9M in Seed Funding appeared first on FinSMEs.

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Coca-Cola Is a Rock-Solid Dividend King, but So Is This Dirt-Cheap Value Stock That Paid $3 Billion in Dividends Over the Past Year

The Motley Fool

With 62 consecutive years of dividend raises, Coca-Cola is one of the safest and most consistent Dividend Kings. Its high yield, track record, and recession-resistant business model make Coke the embodiment of a blue chip dividend stock. However, there are plenty of other reliable dividend stocks. Union Pacific (NYSE: UNP) is one of North America's largest railroads, with a particular focus on the western two-thirds of the U.S.

Returns 245
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Venture capitalists in line for payout if Wiz closes $23bn deal with Google

Financial Times M&A

Deal would be rare bright spot for investors who have struggled to return money to their backers in recent years

Returns 105
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Should You Buy Shiba Inu While It's Worth Less Than $0.01?

The Motley Fool

Shiba Inu (CRYPTO: SHIB) has only traded at fractions of a penny since its launch nearly four years ago. The meme token, which was created as a parody of Dogecoin (CRYPTO: DOGE) , started trading at $0.000000000056, hit an all-time high of $0.000086 in October 2021, but now trades at about $0.000018. However, that means a $100 investment would have grown to $153.57 million before shrinking back to roughly $30.36 million today.

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Mesirow Names Rick Weil and Melanie Yermack as Co-Heads of Packaging

Private Equity Professional

Mesirow Financial has promoted Rick Weil and Melanie Yermack to Co-Heads of Packaging for Mesirow Investment Banking. Ms. Yermack and Mr. Weil have more than 40 years of combined investment banking experience. Ms. Yermack has over 15 years of experience in M&A transactions within the packaging sector. She joined Mesirow in 2011 and has led numerous successful transactions.

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Where Will Apple Stock Be in 5 Years?

The Motley Fool

As of this writing, Apple (NASDAQ: AAPL) is the world's most valuable enterprise, with a massive market cap of $3.5 trillion. It has become a global technology and cultural icon. That huge valuation is thanks to impressive returns. Since July 2019, shares have soared 357% (as of July 9, 2024), easily outpacing the 137% total return of the Nasdaq Composite Index.

Prospects 245
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Harvey Performance Company Acquires ATA, Bringing an International Platform for Continued Growth and Expansion

Private Equity Professional

Harvey Performance Company , a provider of carbide end mills and cutting tools and a portfolio company of Berkshire Partners , has acquired ATA Group. Harvey Performance Company designs and manufactures specialized cutting tools used to cut and shape metals in precision machining applications. Customers of the company are active in the aerospace and defense, medical, automotive, industrial motors and telecommunications sectors.

Companies 100
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Meet the Newest Artificial Intelligence (AI) Stock in the Nasdaq-100. Buy It Before Nvidia Stock, According to Wall Street.

The Motley Fool

The Nasdaq-100 tracks the 100 largest nonfinancial companies in the Nasdaq Composite (NASDAQINDEX: ^IXIC) , a growth-focused index heavily weighted toward the technology sector. Super Micro Computer (NASDAQ: SMCI) will replace Walgreens Boots Alliance in the Nasdaq-100 before the market opens on Monday, July 22. Supermicro has become popular with investors in recent months due to its role in the artificial intelligence (AI) economy.

Banks 245
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Valesco Industries makes Earthlite investment

Private Equity Wire

Dallas-based private equity firm Valesco Industries has made an investment in Earthlite, a California-based provider of wellness equipment and products including consumable supplies and accessories for the spa and massage markets. The deal, which saw Valesco complete a majority buyout of the previous ownership group in partnership with management, is the third platform investment from the firm’s Valesco Fund III.

Buyout 98
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Where Will Snowflake Stock Be in 1 Year?

The Motley Fool

Investors can be forgiven for not knowing what to make of Snowflake (NYSE: SNOW). The stock fell over the last year as several issues came to light. It dropped from its 52-week high following the sudden resignation of CEO Frank Slootman, its longtime leader. He was replaced by Sridhar Ramaswamy, who came to Snowflake last year when it acquired internet search company Neeva, the enterprise he founded.

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Madison Dearborn sells LinQuest to KBR

Private Equity Wire

Chicago-based private equity firm Madison Dearborn Partners is to sell LinQuest, a specialist in space systems and technology solutions for the defence and intelligence communities, to KBR, a provider of science, technology and engineering solutions to governments and companies globally. LinQuest is being acquired in an all-cash transaction that is expected to be completed by Q4 2024, pending regulatory approval and other customary closing conditions.

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Want to Collect $1,000 in Safe Monthly Dividend Income? Invest $121,000 Into the Following 3 Ultra-High-Yield Dividend Stocks.

The Motley Fool

For more than a century, Wall Street has been a bona fide wealth-creating machine. Although other asset classes have delivered nominal gains for investors, including housing, gold, and Treasury bonds, no other asset class comes remotely close to the average annual rate of return that stocks have generated over the last 100 years. While there is no shortage of strategies that can make long-term investors richer on Wall Street, few match the return potential of buying and holding high-quality divi

Debt 245
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Macy’s stock plummets after PE talks collapse

Private Equity Wire

Macy’s took a big hit to its stock price on Monday with news that the US rental giant was terminating discussions with private equity firm Arkhouse Management and Brigade Capital Management over a potential takeover prompting a 13% fall, according to a report by Business Insider. In a press release issued today, Macy’s revealed that it is no longer pursuing negotiations to take the company private with the retailer claiming the failure of the two investment firms to present a viable propos

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3 "Magnificent Seven" Stocks That Are Screaming Buys in July

The Motley Fool

The "Magnificent Seven" is a term that describes seven of the world's largest tech companies, many of which have been among the best-performing stocks over the past few years. The companies are Apple , Microsoft (NASDAQ: MSFT) , Amazon (NASDAQ: AMZN) , Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , Meta Platforms , Nvidia , and Tesla. Each Magnificent Seven company is an industry leader in its own right and at the forefront of many innovations.

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Fund finance: how to unlock scalability with growth

Private Equity Wire

PARTNER CONTENT F und finance is witnessing exponential grow th, b ut this comes with escalating operational requirements for sponsors and lenders as they scale these facilities. Sumit Gupta, Co-Founder and Managing Director of Oxane Partners – named New Solution of the Year at the Private Equity Wire European Credit Awards for its leverage facility management solution – shares how sponsors and lenders can unlock scalability as they grow.

Finance 98
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3 Investing Myths That Can Cost You Big Time

The Motley Fool

Image source: Getty Images When you're ready to start investing, the whole process can be kind of mysterious. What kind of account should I open? How do I choose a stock broker? And wait, why am I doing this again!? Ultimately, you're investing to set yourself up for more wealth in the future -- many people do it to build a comfortable retirement for themselves, for example.

Investing 244