Thu.Jan 25, 2024

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3 Secrets of 401(k) Millionaires

The Motley Fool

A $1 million retirement portfolio might sound like a dream to many. Just 3.2% of Americans managed to save at least $1 million in their retirement accounts by the end of last decade, according to EBRI estimates based on the latest Federal Reserve Survey of Consumer Finances. They don't know anything special the average person doesn't, and most don't have access to any special savings plan that allows them to save more in their 401(k).

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KV Capital acquires UTV Canada to merge with MSD

PE Hub

UTV Canada is a Leduc, Alberta-based distributor and retailer of all-terrain vehicles and utility task vehicles parts and accessories. The post KV Capital acquires UTV Canada to merge with MSD appeared first on PE Hub.

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I've Never Flown Business Class. Here's How I Make My Economy Seat as Comfortable as Possible

The Motley Fool

Image source: Getty Images Every time I board a plane and have to walk through business class to reach my seat, I grumble to myself just a little bit. Those seats sure look comfy, politely spaced out and with plentiful legroom. It's a little unfair to have to march by that luxury to reach the economy section, isn't it? But even though I've always coveted one of those business-class seats, I've never been able to bring myself to cough up the cash or credit card miles to book one.

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Warburg Pincus to sell child care management software firm Procare to Roper Technologies for $1.86bn

PE Hub

TA Associates has also sold its minority interest in Procare as part of the transaction. The post Warburg Pincus to sell child care management software firm Procare to Roper Technologies for $1.86bn appeared first on PE Hub.

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Why Alphabet Stock Rallied Thursday Morning

The Motley Fool

Shares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) turned higher Thursday, gaining as much as 2.9%. As of 2:37 p.m. ET, the stock was still up 1.8%. The catalyst that sent the tech giant higher was the settlement of a patent infringement lawsuit. An AI chip kerfuffle On Wednesday, Google reached a settlement to end a $1.67 billion patent infringement lawsuit brought by Singular Computing.

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Heartwood-backed NativeSeed Group snaps up Star Seed

PE Hub

Headquartered in Carpinteria, California, NativeSeed is a provider of native seeds and erosion control products. The post Heartwood-backed NativeSeed Group snaps up Star Seed appeared first on PE Hub.

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Minute Media acquires CBGF and Frontier-backed STN Video

PE Hub

STN Video is a Victoria, British Columbia-based sports content distribution company operating across North America. The post Minute Media acquires CBGF and Frontier-backed STN Video appeared first on PE Hub.

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Broadcom Stock Rose 100% in 2023. Can It Double Again in 2024?

The Motley Fool

Broadcom (NASDAQ: AVGO) is a stock that may get overlooked by small investors. Since its clients are primarily other businesses, it does not have the direct connection with consumers that has benefited brands like Apple or Amazon. Nonetheless, its success has taken its market capitalization to nearly $570 billion, and the stock continues to rise after having doubled in 2023.

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Cyprium invests in pharmacy services provider OneroRx Inc

PE Hub

The investment will be used to support the OneroRx's acquisition strategy and future growth. The post Cyprium invests in pharmacy services provider OneroRx Inc appeared first on PE Hub.

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Why Tesla Stock Plummeted Today

The Motley Fool

Tesla (NASDAQ: TSLA) stock lost ground Thursday following the publication of the company's fourth-quarter earnings results. The electric vehicle (EV) company's share price closed out the daily session down 12.1%, according to data from S&P Global Market Intelligence. Tesla's Q4 report arrived with some concerning results for shareholders. The company posted non-GAAP (adjusted) earnings of $0.71 per share on revenue of $25.17 billion in the fourth quarter.

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Arlington forms new manufacturer Keel Holdings

PE Hub

Keel was formed through the merger of Arlington portfolio companies Pegasus Steel, Metal Trades and Merrill Technologies Group. The post Arlington forms new manufacturer Keel Holdings appeared first on PE Hub.

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Of Course, Carnival Makes Money From Selling Cruises -- but 35% of Its Revenue Comes From Somewhere You Might Not Expect

The Motley Fool

After trudging through nearly two years of restricted travel during the pandemic, cruise ship operator Carnival Corporation (NYSE: CCL) (NYSE: CUK) just capped off its fiscal 2023 by setting some company records. As of Nov. 30, the company had customer deposits of $6.4 billion, a fourth-quarter record and 25% higher than its previous record. Indeed, record Q4 deposits point to a strong cruising season ahead in 2024, which is obviously good for Carnival.

Debt 246
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O2-backed Modular Devices backs Flow Cleanrooms and Technical Air Products

PE Hub

Modular Devices is an Indianapolis-based provider of mobile and modular cleanroom solutions and medical imaging equipment labs. The post O2-backed Modular Devices backs Flow Cleanrooms and Technical Air Products appeared first on PE Hub.

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Warren Buffett's "Magnificent Seven" Artificial Intelligence Bets: 48.5% of Berkshire Hathaway's $365 Billion Portfolio Is in These 2 AI Stocks

The Motley Fool

Berkshire Hathaway CEO Warren Buffett used to have a reputation for avoiding technology sector investments because of the complexities involved. On the other hand, it's probably fair to say the Oracle of Omaha changed his tune. Today, over half of Berkshire's stock portfolio is made up of technology-focused businesses. Even more striking, 48.5% of its $365 billion portfolio is actually held in just two "Magnificent Seven" stocks.

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Westcap Management makes investment in Timber-Tech

PE Hub

Timber-Tech is a Lethbridge, Alberta-based provider of engineered truss systems and wood products. The post Westcap Management makes investment in Timber-Tech appeared first on PE Hub.

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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought This Week

The Motley Fool

There never seems to be a bad time for Cathie Wood to reshape her portfolios. The founder, CEO, and main stock-picker for the Ark Invest family of exchange-traded funds has been busy adding to some of her positions this week. She has also been pruning some of her holdings, but let's talk about the buys. Wood added to existing positions in Meta Platforms (NASDAQ: META) , Recursion Pharmaceuticals (NASDAQ: RXRX) , and Ginkgo Bioworks (NYSE: DNA) this week.

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HPC taps Titolo as insurance solutions head

PE Hub

His appointment is effective January 29, 2024. The post HPC taps Titolo as insurance solutions head appeared first on PE Hub.

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This Incredibly Cheap Artificial Intelligence (AI) Stock Is Crushing Nvidia in 2024 With 50% Gains. It Could Soar Another 85%.

The Motley Fool

If you're looking to buy a top artificial intelligence (AI) stock right now, Nvidia is likely to be one of the first names that comes to mind. That's not surprising. Its dominance in the AI chip market has been driving outstanding top- and bottom-line growth for the company. The good part is that Wall Street and investors are positive about Nvidia's prospects in 2024 and beyond as the AI chip market gains steam.

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JF Lehman & Company scouts for landfill, wastewater facilities for Crystal Clean

PE Hub

Crystal Clean announced earlier in January it had acquired Envirosafe, an Ohio-based provider of environmental services. The post JF Lehman & Company scouts for landfill, wastewater facilities for Crystal Clean appeared first on PE Hub.

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3 Stocks That Turned $1,000 into $1 Million (or More)

The Motley Fool

Finding companies that have transformed a simple $1,000 investment into $1 million is rare. That growth requires an investment to increase by 999 times. So, if a company goes public at a $1 billion valuation, it needs to be worth $1 trillion now. The companies that fit this list are often older, as it takes time to put up these returns. But investors can learn many lessons from the behemoths that have achieved this feat and use them to find the next stock that could turn $1,000 into $1 million.

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Yellow Wood’s Suave Brands Company to add ChapStick to its kit

PE Hub

Haleon, a global consumer healthcare company, is the seller. The post Yellow Wood’s Suave Brands Company to add ChapStick to its kit appeared first on PE Hub.

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Forget Costco: Here's a Better Dividend Stock for Passive Income

The Motley Fool

Costco (NASDAQ: COST) is an unusually successful retailing business. The warehouse giant has been winning market share for decades thanks to its no-frills, membership-based selling approach that allows it to offer products at rock-bottom prices. Costco routinely beats rivals such as Walmart (NYSE: WMT) in key growth and customer traffic metrics. Its earnings are among the most stable in the industry, too.

Prospects 246
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Shore Capital scoops up medical device firm C2Dx

PE Hub

Also, C2Dx has acquired the Otolaryngology/Head and Neck Surgery family of products from Cook Medical. The post Shore Capital scoops up medical device firm C2Dx appeared first on PE Hub.

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Why IBM Stock Is Soaring Today

The Motley Fool

International Business Machines (NYSE: IBM) released its fourth-quarter results after the close of trading Wednesday, delivering numbers for the period that beat analysts' estimates. Management also provided an optimistic outlook for revenue and cash flow in 2024. In response, investors cheered, sending shares of IBM more than higher 10% as of 10 a.m.

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Broad Sky names David as managing director

PE Hub

Prior to joining Broad Sky, David was a principal at The Carlyle Group. The post Broad Sky names David as managing director appeared first on PE Hub.

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Could Buying 18%-Yielding Dividend Stock Medical Properties Trust Be a Smart Move Right Now?

The Motley Fool

Two words come to mind when I think about Medical Properties Trust (NYSE: MPW) -- dumpster fire. And I'm not kidding. Shares of the healthcare real estate investment trust (REIT) have plunged more than 75% over the last 12 months. The stock is down more than 85% from its high set in early 2022. Every time it seemed as if maybe, just maybe, things were about to get better, Medical Properties Trust (MPT) had more bad news.

Prospects 246
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Siris promotes Catera to partner

PE Hub

Based in West Palm Beach, Florida, Catera will continue to help lead the investment team and focus on structuring, negotiating and advising portfolio companies on debt and equity financings. The post Siris promotes Catera to partner appeared first on PE Hub.

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The S&P 500 May Continue to Rally in 2024: 2 Growth Stocks to Buy Now

The Motley Fool

The S&P 500 index posted a solid return of 24% in 2023. While many Wall Street analysts are now projecting slower economic growth in 2024, the possibility of a recession seems to be quite low. Coupled with improving earnings projections for the S&P 500 stocks, analysts now expect the index to gain 8% to 9% in 2024 -- a little lower than the index's long-term historical average annual return of 10%.

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Apogem Capital appoints Niedner as CEO and Stringer as president

PE Hub

Currently, Niedner is Apogem's head of private credit while Stringer is Apogem's interim CEO and head of private equity. The post Apogem Capital appoints Niedner as CEO and Stringer as president appeared first on PE Hub.

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Where Will Disney's Stock Price Be in 1 Year?

The Motley Fool

Fool.com contributor Parkev Tatevosian considers Disney 's (NYSE: DIS) prospects over the next year and longer term to make this stock price prediction. *Stock prices used were the afternoon prices of Jan. 23, 2024. The video was published on Jan. 25, 2024. Should you invest $1,000 in Walt Disney right now? Before you buy stock in Walt Disney, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now. and Walt Disn

Prospects 246
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Trivest-backed LMC Landscape Partners snaps up commercial landscaping firm Cutters Edge

PE Hub

LMC supports founder and family-owned commercial landscaping companies. The post Trivest-backed LMC Landscape Partners snaps up commercial landscaping firm Cutters Edge appeared first on PE Hub.

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4 Easy Things You Can Do to Give Your Retirement Savings a Boost

The Motley Fool

You're probably well aware that if you don't make an effort to save for retirement, you may be forced to live on Social Security alone when you're older. And that could mean living frugally to an extreme. The average Social Security recipient today collects just $1,907 a month, or a little less than $23,000 per year. Granted, if you're far from retirement, the average monthly benefit (and yearly benefit) is likely to be much higher by the time your career wraps up due to inflation and cost-of-li

Taxes 246
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Case FMS joins with LFX, Halifax Group to back merged business

PE Hub

Landscape Effects Property Management (LFX) is a Canadian landscaping, snow and ice and other exterior services provider. The post Case FMS joins with LFX, Halifax Group to back merged business appeared first on PE Hub.

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Why Mark Zuckerberg Is the Power Player in Artificial Intelligence

The Motley Fool

Meta Platforms (NASDAQ: META) will have more GPU power than almost any company in the world by the end of 2024, and the company plans to make most of its AI models open source. This is a powerful strategy that could destroy value for even the biggest competitors in the industry, as Travis Hoium covers in this video. *Stock prices used were end-of-day prices of Jan. 23, 2024.

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