Fri.Apr 05, 2024

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Dollar Tree Is Raising Prices Again -- and You Won't Believe How Much Some Items Will Cost

The Motley Fool

Image source: The Motley Fool/Upsplash In 2021, Dollar Tree caused an uproar when it raised its standard price from $1, as the store name implies, to $1.25. The retail giant then rolled back its prices to $1 in 2023, a move that coincided with cooling inflation. But now, Dollar Tree has announced that it will be adding a host of new products to its inventory lineup this year.

Finance 246
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Four Things I’m Thinking About Stocks, Housing & the Economy

A Wealth of Common Sense

Four things I’m thinking about at the moment: 1. The Covid Crash was our 1987 crash. In the 15 trading days from October 6th through October 26th in 1987, the S&P 500 was down 31%. That plunge includes Black Monday which saw the market fall more than 20% in a single day. Over the next four years from the bottom the S&P 500 was up a little less than 110% in total.

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Tesla's "Nightmare" Quarter Just Became Reality. Should Investors Sell Tesla Stock?

The Motley Fool

Tesla (NASDAQ: TSLA) was the world's largest electric vehicle (EV) company as measured by sales up until the final quarter of 2023. That's when China-based BYD snatched the title away. And growing competition is just the latest challenge the company faces. Tesla stock trades down 33% in 2024 already, but it has been sliding since late 2021 and now sits 59% below its all-time high.

Investors 246
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Rover agrees to $2.3bn go-private deal with Blackstone

Private Equity Insights

Pet care company Rover Group said private equity firm Blackstone will take it private in a $2.3 billion all-cash deal. The company’s shareholders will receive $11 per share at a premium of 29.4% from the last close price. Blackstone approached Rover directly about a potential deal without the company being up for sale, people familiar with the matter said.

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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

The Motley Fool

There's no dimmer switch on Cathie Wood. The Ark Invest co-founder and CEO is either fully illuminated or left in the dark. The same widely followed growth investor who trounced the market in 2020 and 2023 faltered badly in 2021 and 2022. She's also off to a challenging start here in 2024. She's not standing still. Ark bought shares of Roblox (NYSE: RBLX) , Roku (NASDAQ: ROKU) , and SoFi Technologies (NASDAQ: SOFI) on Thursday, adding to her existing positions.

Stakes 246
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EQT to Purchase Software Company Avetta for $3bn in Deal with Welsh Carson

Private Equity Insights

Private equity firm EQT it has agreed to buy compliance software maker Avetta from Welsh, Carson, Anderson & Stowe (WCAS). EQT had prevailed in a sale process run by Avetta’s owner Welsh Carson, valuing the company at roughly $3 billion, including debt. The Stockholm, Sweden-based private equity firm is buying Avetta through its EQT X fund.

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Italy’s Azimut to sell full stake in investment group Kennedy Lewis for $225m

Private Equity Insights

Azimut will sell all of its stake in private credit fund Kennedy Lewis to Goldman Sachs’ private equity unit Petershill Partners. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Under the deal, Azimut will sell its shareholding for an all-cash consideration of $225 million. Azimut’s initial investment in Kennedy Lewis was $60 million Source: MSN News Can’t stop reading?

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Why Caterpillar Stock Is Up Today

The Motley Fool

An effort by Caterpillar (NYSE: CAT) to help the railroad industry stem its emissions got a boost Friday, and its stock price is going along for the ride. Shares of the heavy equipment manufacturer were up by 3% as of 2 p.m. ET after Canadian National Railway (NYSE: CNI) announced the purchase of its first hybrid mainline locomotive. Charging into a new market Caterpillar is best known for its massive construction and mining machines, but for nearly a decade, it has also owned Progress Rail Serv

Returns 246
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Blue Owl Capital to acquire Kuvare AM for $750m

Private Equity Insights

Alternative asset manager Blue Owl Capital is to acquire Kuvare Insurance Services (KAM), a boutique investment management firm focused on providing asset management services to the insurance industry, in addition to Kuvare UK Holdings (Kuvare), for $750m. Blue Owl will fund the KAM acquisition through a combination of $325m in cash and $425m in Blue Owl Class A common stock.

Capital 130
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Where Will Alibaba Stock Be in 5 Years?

The Motley Fool

One of the most disappointing international stocks over the past five years undoubtedly has been Chinese e-commerce, logistics, and technology infrastructure company Alibaba (NYSE: BABA). While the S&P 500 has risen over 80% over that time, Alibaba stock is down nearly 60%. Over that period, Alibaba has been able to grow both revenue and earnings.

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Summit Partners explores $2bn sale of personal care brand Dr Squatch

Private Equity Insights

Private equity firm Summit Partners is considering a sale of Los Angeles-based portfolio company and men’s grooming and personal care brand Dr Squatch at an expected value of more than $2bn, according to a report by Reuters. Summit Partners is working with investment banks Raymond James and Centerview Partners to gauge interest from potential buyers.

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Should You Buy Ripple (XRP) Right Now With $100 and Hold Through 2024 and Beyond?

The Motley Fool

The cryptocurrency market is soaring. It's now valued at close to $2.6 trillion. This is a huge gain from the start of 2023. The bullish sentiment has lifted Bitcoin to near all-time highs. Not all cryptocurrencies are benefiting as much. Ripple (CRYPTO: XRP) currently sits 85% below its peak price, which was set in January 2018. But at a market cap of $32 billion, this remains on the radar of digital asset investors hoping for things to turn around.

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Manulife completes CQS acquisition

Private Equity Insights

Manulife Investment Management has closed on its previously announced agreement to acquire multi-sector alternative credit manager CQS with regulatory approval for this transaction having been received from the UK Financial Conduct Authority (FCA). As part of the transaction, Manulife Investment Management has acquired the CQS brand and intends to align it with the Manulife brand as a co-branded logo – Manulife | CQS Investment Management – where permitted.

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These 2 Analysts Think Tesla Stock Could Fall Much Further

The Motley Fool

As Bernstein analyst Toni Sacconaghi wrote in a note to investors on Tuesday, Tesla 's (NASDAQ: TSLA) first-quarter deliveries were "brutal." Deliveries fell about 9% year over year and 20% sequentially. These poor results likely have many investors reevaluating their investment theses on the stock. While some may excuse this lull in Tesla's sales in anticipation of a potential reacceleration in the electric-car company 's vehicle-delivery trends in future quarters, others may conclude it's a re

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Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bn deal

Private Equity Insights

Private equity firm Advent International has agreed to buy Canada’s Nuvei NVEI.TO in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 billion. The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange. The buyout of Nuvei, which has a market capitalization of nearly $4.42 billion, would make it one of the more sizable take-private deals at a time wh

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Are Your Roth IRA Withdrawals Really Tax-Free? Here's How to Find Out

The Motley Fool

A Roth IRA's biggest appeal is the tax-free withdrawals it promises in retirement. It could save you a fortune compared to deferring taxes if you expect your income to remain roughly the same or rise after leaving the workforce. But some don't realize that tax-free withdrawals aren't a guarantee. In some situations, you could owe taxes on your Roth IRA funds if you're not careful.

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BC Partners sells IT group Presidio to CD&R in $4bn deal

Private Equity Insights

UK private investment firm BC Partners has agreed to sell Presidio, a provider of IT services to some of the world’s largest companies including Amazon, to US rival Clayton, Dubilier & Rice, in a deal that values the business at around $4bn, according to a report by the Financial Times. Presidio, which has generated nearly $6bn in revenue and employs more than 3,500 people globally, first drew private equity attention in 2011 when it was acquired by US buyout group American Securities, befor

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Icahn Enterprises: Buy, Sell, or Hold?

The Motley Fool

It's easy to hate on Icahn Enterprises (NASDAQ: IEP) stock these days. Over the past 12 months, shares have lost more than two-thirds of their value. Some investors believe a turnaround is just around the corner. Others believe the stock should be left for dead. Is Icahn Enterprises a buy, sell, or hold right now? Don't expect many dividends The first thing many investors notice about Icahn Enterprises stock is its 30% dividend yield.

Stakes 246
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Johnson & Johnson buys device maker Shockwave for $13.1bn

Financial Times M&A

US healthcare company is putting cash to work from spinning off its consumer health arm

Companies 108
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A Once-in-a-Decade Investment Opportunity: 1 Artificial Intelligence (AI) Growth Stock to Buy Now -- No, Not Nvidia

The Motley Fool

Hedge fund billionaire Dan Loeb compared artificial intelligence (AI) to the industrial revolution in a letter to clients written last year. The industrial revolution was a characterized by a dramatic increase in economic output as machines replaced human workers. AI promises a similar step-function increase in productivity across virtually every industry.

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Bridgepoint rejected higher bid for MotoGP from Ari Emanuel’s TKO

Financial Times M&A

US businessman says his group offered €200mn more than Liberty Media for motorcycle series

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History Says the Nasdaq Could Soar Another 14% in 2024: 2 No-Brainer Stocks to Buy Hand Over Fist Before That Happens

The Motley Fool

The Nasdaq-100 index rose nearly 54% in 2023. Even better, it started the first quarter of 2024 with additional gains of more than 8% so far. The index currently sits at 18,226, and history suggests that it will end at a higher level by the end of the year. According to data collected by brokerage firm Capex.com, the Nasdaq-100 has clocked average gains of 24.1% in the year following one in which it recorded gains of more than 40%.

Banks 244
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Archetype AI Raises $13M in Seed Funding

FinSMEs

Archetype AI, a Palo Alto, CA-based physical AI company, raised $13m in seed funding. The round was led by Venrock, with participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, Plug and Play Ventures and several angel investors. In conjunction with the financing, Ganesh Srinivasan, Partner at Venrock, will join the board.

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3 Stocks to Consider Adding to Your Retirement Portfolio in April

The Motley Fool

The overall market may look and feel a bit frothy right now -- particularly against the current economic backdrop. You may not want to worry about that too much, however. Stocks have a funny way of doing what seems unlikely. Besides, in as little as a year from now, what happened back in April of 2024 won't really matter all that much either. In other words, don't be afraid to step into some new long-term positions at this time.

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OEP acquires marine energy specialist Acteon Group

Private Equity Insights

Middle Market private equity firm One Equity Partners (OEP), in partnership with Buckthorn Partners, has acquired Acteon Group (Acteon), a UK-based international marine energy and infrastructure solutions company founded in 1989. Acteon, which provides engineering and data-driven services to the offshore renewables, nearshore construction, and energy industries,has over 2,000 full-time employees, including more than 400 engineers, across more than 20 countries globally.

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3 High-Yield Dividend Stocks to Buy Now for a Lifetime of Passive Income

The Motley Fool

Individual investors generally fall into one of two camps. Some are concerned with optimizing their portfolio's performance, while others are more interested in building a stream of recurring income. Regardless of which camp you're in, filling your portfolio with dividend-paying stocks is a great way to achieve your goal. Dividend-paying stocks tend to outperform shares of businesses that aren't committed to distributing a significant portion of their profits -- and the differences are dramatic.

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Generali completes the acquisition of Conning, Elevating AUM to $887bn

Private Equity Insights

Generali announces that it has completed the acquisition of Conning Holdings Limited (CHL) and its affiliates from Cathay Life, a subsidiary of Cathay Financial Holdings, as announced on 6 July 2023. As a result of the transaction, all shares of CHL have been contributed into Generali Investments Holding S.p.A. (GIH), in exchange for newly issued shares, and Cathay Life has become a minority shareholder of GIH, with a stake of 16.75%1, establishing a long-term partnership with Generali in the as

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Why AMD Stock Is Down Over 20% From Its Peak

The Motley Fool

In today's video, I discuss recent updates affecting Advanced Micro Devices (NASDAQ: AMD) 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 April 4, 2024. The video was published on April 4, 2024. Should you invest $1,000 in Advanced Micro Devices right now?

Returns 242
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AXA Investment Managers Acquires W Capital Management in a $200m Deal

Private Equity Insights

French asset manager AXA Investment Managers (AXA IM) has purchased W Capital Management (WCP), a US-based private equity firm. No financial details of the purchase were disclosed, although AXA has committed US$200 million to WCP’s secondaries investment strategy. The deal, which is expected to be completed in Q2, 2024, sees AXA IM further develop its private markets offering.

Capital 100
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3 No-Brainer Cathie Wood Stocks to Buy Right Now

The Motley Fool

Famed for her bold investment strategies targeting disruptive companies, Cathie Wood and her company ARK Invest have carved out a niche in the financial world. While ARK's exchange-traded funds (ETFs) offer diversified exposure to various industries, its core holdings often revolve around a select group of innovative companies. For investors seeking high-growth options and looking to take a page out of the Cathie Wood investing playbook, three companies embody her investment philosophy and may b

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SK Capital Partners closes latest fund at $2.95bn

Private Equity Insights

New York-based PE firm SK Capital Partners, which invests across the specialty materials, ingredients and life sciences industries, has closed SK Capital Partners VI (Fund VI), the latest vintage of its flagship private investment strategy, with $2.95bn in total capital commitments. In a press statement, Barry Siadat, Co-Founder and Managing Director at SK Capital Partners, said: “SK Capital has one of the largest and longest-standing teams dedicated to the sectors in which we invest.

Capital 100
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Social Security at 65: 2 Pros and Cons

The Motley Fool

One of the toughest retirement-related decisions you might have to make is figuring out when to claim Social Security. You're allowed to sign up for benefits as early as age 62. While there's no such thing as a final age to file for benefits, there's no financial incentive to delay your claim beyond age 70. In a nutshell, you're looking at a range of 62 to 70 for taking benefits.

Companies 241
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ICG holds $1bn final close of debut LP Secondaries fund

Private Equity Insights

Global alternative asset manager ICG, has completed the fundraising for its debut LP-led secondaries fund, ICG LP Secondaries I (LPS I), which specialises in acquiring buyout fund interests from limited partners, at its hard cap of $1bn. Including co-investment special purpose vehicles and separately managed accounts, total commitments to the fund, which was significantly oversubscribed, are $1.6bn.

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Automakers Are Sharing Our Driving Habits With Insurance Companies -- and It Might Cost Us

The Motley Fool

Image source: Upsplash/The Motley Fool Some car owners are concerned about recent revelations that their driving habits are being collected and shared by automakers. According to The New York Times , some carmakers have been collecting people's driving habits -- including braking, acceleration, trip length, and speed -- and sharing them with data companies.

Companies 241