Wed.Mar 13, 2024

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Forget Lucid Group: 2 Electric Vehicle Stocks to Buy Instead

The Motley Fool

Lucid (NASDAQ: LCID) stock has disappointed a lot of investors since its public debut in July 2021. The maker of luxury electric sedans went public by merging with a special purpose acquisition company (SPAC), and its stock started trading at $25.24 before more than doubling to its all-time high of $55.52 four months later. Before it went public, Lucid claimed it could produce 20,000 vehicles in 2022 and 49,000 vehicles in 2023.

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Shorehill Continues Heavy Lifting at Ascent

Private Equity Professional

Ascent Lifting, a portfolio company of Shorehill Capital, has completed the add-on acquisition of CERTEX USA. Ascent Lifting was formed by Shorehill in October 2022 as a platform to acquire sister companies Advantage Sales & Supply and Susquehanna Wire Rope & Rigging. Advantage was founded in 1996 by Charlie and Kim Jaques, and the business… This content is for members only.

Capital 130
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With Everyone Talking About SoundHound AI, Is It the Next Millionaire-Maker Tech Stock?

The Motley Fool

There are many different areas that artificial intelligence (AI) has the potential to disrupt. One application that is grabbing attention at the moment is voice recognition software. While there are a host of major players developing AI-powered voice assistants, SoundHound AI (NASDAQ: SOUN) is fetching the majority of media coverage thanks to its relationship with Nvidia.

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New Healthcare Banker at Houlihan Lokey

Private Equity Professional

Houlihan Lokey has added veteran healthcare banker Brent Shepherd to its team as a managing director in its capital markets group. Mr. Shepherd joins Houlihan Lokey after 24 years at Capital One’s healthcare banking and lending unit (formerly GE Capital Healthcare Financial Services (GECH) prior to its sale to Capital One in 2015), where he… This content is for members only.

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Costco: A Dividend Stock With a $4.5 Billion Secret Weapon

The Motley Fool

Costco Wholesale (NASDAQ: COST) isn't exactly a high-yield stock, but what it lacks in yield, it makes up for in dividend growth. It has increased its payment for 19 years and counting, with the average annual dividend boost over the past decade sitting at a heady 12%. Those two stats are built on what is now a customer foundation worth $4.5-billion-plus annually.

Returns 246
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Berry, Berry Nice: Peak Rock Picks Up Ingredients Platform

Private Equity Professional

Peak Rock Capital has completed the buy of California Custom Fruits & Flavors in partnership with the company’s management team and founding Hall family who remain investors in the company. California Custom Fruits and Flavors (CCFF) creates and supplies processed fruits and flavors to various segments of the food industry, including cultured yogurt and ice… This content is for members only.

Capital 130

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Pet Resort Hospitality Group Announces Five Acquisitions of Leading Pet Resort Brands

Private Equity Professional

Pet Resort Hospitality Group, a portfolio company of Trivest Partners and Queens Court Capital, has acquired 5 pet resort brands bringing the total number of pet resort brands in its portfolio to 17. Trivest formed Pet Resort Hospitality Group (PRHG) in April 2023 as a platform in the pet services sector with a specific focus… This content is for members only.

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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

The Motley Fool

We may have lost an hour to daylight savings time over the weekend, but Cathie Wood isn't wasting any time. The Ark Invest co-founder, CEO, and ace stock picker added to 10 of her existing growth stocks on Tuesday. Investors know this because Wood publishes Ark's buys and sells for her exchange-traded funds (ETFs) after the end of every trading day.

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Animal Spirits: The Richest Country in the World

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by Texas Capital Management: See here for more information on The Texas Small Cap Equity Index ETF RWM is coming to LA! Reach out to us at info@ritholtzwealth.com subject line “LA” to set up a time to meet! On today’s show, we discuss: Global Investment Returns Yearbook 2024 15 funds that have destroyed the most wealth over the past decade Cliff Asness.

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The Best Stocks to Invest $50,000 in Right Now

The Motley Fool

Patient investors can generate excellent returns in the stock market whether they're making large initial investments or tiny ones. If you have the budget, though, you'll get higher absolute returns with bigger stock purchases from both dividends and capital appreciation. Putting $50,000 into a few top stocks, for example, could help a large, diversified portfolio grow more quickly.

Investing 246
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At the Money: How To Know When The Fed Will Cut

The Big Picture

At the Money: How To Know When The Fed Will Cut with Jim Bianco (March 13, 2024) Markets have been waiting for the Federal Reserve to begin cutting rates for over a year. What data should investors be following for insight into when they will begin? Jim Bianco discusses initial unemployment claims data and wage gain to identify when the Fed will start lowering rates.

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Can Netflix Stock Hit an All-Time High in 2024?

The Motley Fool

It's been a good run for folks that have been binge investing in Netflix (NASDAQ: NFLX). The stock has more than doubled since the start of last year. Even in 2024 -- with many of last year's winners proving mortal -- shares of the leading premium video service provider are beating the market, up 26% year to date. Netflix stock hit a 52-week high in January after posting blowout fourth-quarter results, and that's not all.

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BP and Abu Dhabi suspend talks to buy stake in Israeli gasfield

Financial Times M&A

Talks with Tel Aviv-listed NewMed paused because of ‘uncertainty created by the external environment’

Stakes 111
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Your Social Security Checks Will Probably Be Lower Than Expected. Here Are 3 Reasons Why.

The Motley Fool

If you are planning on Social Security playing an important role in supporting you in retirement, you need to know the truth about what these benefit checks can do for you. While Social Security can help support you, there's a very good chance you will end up getting less money from this program than you might expect. Here are three reasons why that's the case.

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How the Tory establishment fought Jeff Zucker’s UAE-backed Telegraph takeover

Financial Times M&A

Rishi Sunak’s ‘hand was forced’ as PM acts to change law to stop foreign states from buying media groups

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Cathie Wood's Ark Invest Is Selling Nvidia Stock and Buying This Artificial Intelligence (AI) Stock

The Motley Fool

Cathie Wood is the CEO and chief investment officer at Ark Invest, an asset management firm focused on disruptive innovation. Wood and her team manage several thematic index funds that offer exposure to technologies like artificial intelligence (AI). Ark sold down its position in Nvidia throughout February, and the selling has continued in March. That may strike readers as strange given that Nvidia chips are the gold standard in AI infrastructure.

Investing 246
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RapidCanvas Raises $7.5M in Seed Funding

FinSMEs

RapidCanvas, an Austin, TX-based AI platform built for business, raised $7.5M in Seed funding. The round was led by Accel with participation from Valley Capital Partners. The company intends to use the funds to expand operations and its business reach, as well as its development efforts. Led by CEO Rahul Pangam, RapidCanvas is an AI […] The post RapidCanvas Raises $7.5M in Seed Funding appeared first on FinSMEs.

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3 Top Artificial Intelligence Stocks to Buy in March

The Motley Fool

Artificial intelligence(AI) stocks have had a great run in 2023 and the early part of 2024. But after such a run, which AI stocks are worth adding in March? One good place to look is the stocks of tech leaders that haven't yet exceeded their 2021 highs, but will still likely benefit from the AI revolution. As such, these three big tech stocks look like great buys for this month and beyond.

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Big Sur AI Raises $6.9M in Seed Funding

FinSMEs

Big Sur AI, a Mountain View, CA-based provider of an AI platform for e-commerce, raised a $6.9M in seed funding. The round was led by Lightspeed Venture Partners with participation from Capital F and angel investors. The company intends to use the funds to expand operations and development efforts. Founded in 2023 by Vinod Ramachandran and Arnaud Weber, […] The post Big Sur AI Raises $6.9M in Seed Funding appeared first on FinSMEs.

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Here's Why Your 2025 Social Security COLA Might Fall Short -- No Matter How Much It Amounts To

The Motley Fool

Millions of seniors today rely on the monthly benefits they get from Social Security to stay afloat financially. And each year, Social Security recipients eagerly await news of an upcoming cost-of-living adjustment, or COLA. In 2024, Social Security benefits rose 3.2%. But next year, seniors may not see their benefits go up nearly as much. Based on recent inflation data, the nonpartisan Senior Citizens League is projecting that Social Security's 2025 COLA will amount to 1.75%.

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Telo Raises $5.4M in Funding

FinSMEs

Telo, a San Carlos, CA-based electric mobility company advancing EV mini-trucks, raised $5.4M in funding. The round was led by Ali Partovi with participation from Spero Ventures and angel investors. This followed a $1.78M pre-seed funding round announced at launch in June 2023, which was led by GoAhead Ventures, with additional investment from Underdog Labs, WorkPlay Ventures and Yves Béhar (Co-Founder & Chief […] The post Telo Raises $5.4M in Funding appeared first on FinSMEs.

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Could Sea Limited Stock Help You Become a Millionaire?

The Motley Fool

Sea Limited (NYSE: SE) minted a lot of millionaires in the first four years after its initial public offering (IPO) in October 2017. The Singapore-based e-commerce and gaming company went public at $15, and its shares soared to an all-time high of nearly $367 on Oct. 19, 2021. A $50,000 investment in its IPO would have blossomed into $1.2 million. However, Sea's stock now trades at about $58 -- so that investment would have shriveled to roughly $193,000.

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Eyris Raises $3M in Pre-Seed Funding

FinSMEs

Eyris, a McLean, VA-based digital infrastructure platform created to provide cybersecurity, secure communications, and data protection, raised $3m in pre seed funding. Red Cell Partners, an incubation firm building rapidly scalable, technology-led companies that are bringing advancements to market in national security, cyber, made the investment. The funding allows Eyris to start a pilot program […] The post Eyris Raises $3M in Pre-Seed Funding appeared first on FinSMEs.

Funds 111
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The Biggest Loser in the "Magnificent Seven" Could Soar 1,140%, According to Cathie Wood's Ark Invest

The Motley Fool

The "Magnificent Seven" is a group of the world's largest technology stocks. They delivered an average return of 112% last year, led by Nvidia , which gained a whopping 239%. Nvidia continues to lead the group higher in 2024, but shares of electric vehicle (EV) giant Tesla (NASDAQ: TSLA) are heading in the opposite direction: NVDA Total Return Level data by YCharts Tesla stock is now trading 57% below its all-time high.

Investing 246
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Sunak moves to block foreign state takeover of Telegraph

Financial Times M&A

UK will change law to prohibit governments from owning British news organisations

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10 Reasons I Wouldn't Touch Artificial Intelligence (AI) Stock Nvidia With a 10-Foot Pole Right Now

The Motley Fool

Over the past 30 years, there have been no shortage of next-big-thing trends and innovations to capture the attention of growth-seeking investors. The advent of the internet, genome decoding, business-to-business commerce, the rise of China stocks, 3D printing, cannabis, blockchain technology, and the metaverse, are just some of the examples of game-changing growth trends that fueled the fear-of-missing-out (FOMO) from investors.

Taxes 246
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Blank-cheque company aims to buy failed US banks

Financial Times M&A

Porticoes Capital bets on further turmoil with approval to take over collapsed lenders from FDIC

Banks 110
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4 Tax Tips for People Who Earn $100K or More

The Motley Fool

Image source: The Motley Fool/Upsplash No matter how much money you earn, you have to think about taxes. But if you earn $100,000 or more, your tax burden may be higher than someone who earns a lot less than you do. That doesn't mean you're doomed to a massive IRS bill year after year, though. Here are a few steps you can take to eke out some tax savings.

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Furno Raises $6.5M in Seed Funding

FinSMEs

Furno, a Mountain View, CA-based startup dedicated to decarbonizing the cement production industry, raised $6.5M in Seed funding. The round was led by Energy Capital Ventures and joined by O’Shaughnessy Ventures, Cantos, and Neotribe. Breakthrough Energy participated in earlier, non-dilutive funding. The company intends to use the funds to continue to scale its technology, provide […] The post Furno Raises $6.5M in Seed Funding appeared first on FinSMEs.

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5 Charles Schwab ETFs That Could Help You Retire a Millionaire

The Motley Fool

Would you like to retire as a millionaire? It's not such a lofty goal these days, since a million dollars doesn't buy what it used to -- especially after our recent few years featuring higher-than-average inflation. If you retire with $1 million and use a withdrawal strategy of taking out 4% in your first year of retirement, that's only $40,000. Many people might want to aim to retire with even more than $1 million.

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Fermat Raises $17M in Series A Funding

FinSMEs

Fermat, a San Francisco, CA-based startup that allows retailers to create a shopping experience for each customer journey, raised $17M in Series A funding. The round, which brought the total amount to $30M, was led by Bain Capital Ventures (BCV) with participation from existing investors Greylock, QED Investors and Courtside Ventures. The company intends to […] The post Fermat Raises $17M in Series A Funding appeared first on FinSMEs.

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Super Micro Stock Is Up Over 300% This Year. Does That Mean It Is too Late to Buy?

The Motley Fool

Amid the growing interest in artificial intelligence (AI) companies, one surprise is arguably Super Micro Computer (NASDAQ: SMCI). The company existed since 1993, but investor interest did not take off until its AI servers got the attention of investors. Now, a partnership with Nvidia seems to have supercharged the stock. So strong is its performance that the tech stock has risen by about 310% since the beginning of the year.

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President Biden’s US Steel intervention clashes with call for rules-based order

Financial Times M&A

The administration needs to articulate how Nippon’s acquisition breaches national security standards

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3 No-Brainer Stocks to Buy With $300 Right Now

The Motley Fool

Wall Street volatility has been on display since this decade began. In each of the past four years, the ageless Dow Jones Industrial Average , broad-based S&P 500 , and growth-fueled Nasdaq Composite , have traded off bear and bull markets in successive years. For the moment, the bulls are running wild on Wall Street, with all three major indexes rallying to record-closing highs in 2024.

Banks 246