Tue.Nov 12, 2024

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Rocket Companies (RKT) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Rocket Companies (NYSE: RKT) Q3 2024 Earnings Call Nov 12, 2024 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Thank you for standing by, and welcome to the Rocket Companies third quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise.

Companies 241
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Wall Street bankers on course for up to 35% bonus bump

Financial Times M&A

Debt bankers forecast to make biggest gains as finance industry recovers from two-year lull

Debt 110
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3 Good Reasons to Buy Holiday Gift Baskets at Costco

The Motley Fool

Image source: Upsplash/The Motley Fool Well, we've gotten through Spooky Season, so that means there's only one season left -- but it's a biggie. The Holiday Season, so named for the absolute cacophony of holidays that are crammed together between Thanksgiving and New Year's Day, is a busy time. It may be the most wonderful time of the year, but it's also one when most adults have the least amount of room to breathe in the still, chilly air.

Companies 246
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Trump’s potential antitrust enforcers may keep Big Tech in their sights

Financial Times M&A

Contenders for prime slots include a top aide to JD Vance and former Department of Justice lawyers

99
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Is It Finally Time to Give Up on Ford?

The Motley Fool

There's one unfortunate reality facing Ford Motor Company 's (NYSE: F) investors: Alan Mulally isn't walking back through the doors at the Blue Oval offices. Mulally, the automaker's CEO during the financial crisis, engineered the company's path forward without a government bailout. And his "One Ford" vision helped propel it to record profits in just a few years.

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Mayfair makes first CTO appointment

Private Equity Wire

Mayfair Equity Partners (Mayfair), a dedicated consumer and technology investor with over £2bn in assets under management, has appointed Josko Grljevic to the newly created role of Chief Technology Officer (CTO) based in London. As CTO, Grljevic will focus on scaling Mayfair’s internal technological capabilities and data analytics with responsibility for introducing innovative solutions across the firm.

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Medicare Part B Costs Are Rising in 2025 and Going to Deal Retirees a Double Whammy

The Motley Fool

One of the biggest misconceptions about Medicare is that the cost of enrollment is free for older Americans. It's true that Medicare Part A, which covers hospital care, generally doesn't come with a premium (though there are other out-of-pocket costs enrollees face, like deductibles and coinsurance). But Part B, which covers outpatient care, charges enrollees a premium just to have that coverage to begin with.

Financing 246

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2 No-Brainer Hydrogen Stocks to Buy With $200 Right Now

The Motley Fool

Hydrogen power is often hailed as the ideal green alternative to fossil fuels since it can be produced using renewable energy like wind or solar to produce the electricity needed to split water into its component parts of hydrogen and oxygen. The hydrogen that is extracted is then used to power an engine and the only byproduct of the burned fuel is water.

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Triton Partners acquires 10% Evotec stake ahead off potential takeover

Private Equity Wire

Shares of Germany’s Evotec SE rose by up to 16.2% on Monday after news that private equity firm Triton Partners has acquired a substantial stake in the drug discovery and development specialist ahead of a potential takeover bid for the company, according to a report by Bloomberg. The report cites a SEC filing as revealing that Triton has built a 9.9% stake through multiple open-market transactions, and is now assessing the possibility of acquiring the whole business, according to unnamed sources

Stakes 74
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How I Score a Free Costco Membership Annually -- and You Can, Too

The Motley Fool

Image source: Getty Images When I first joined Costco about 18 years ago, I decided a basic membership made the most sense for my household. Back then, it was just me, my husband, and a small dog, and we didn't need to shop at Costco more than once a month to load up on cleaning supplies and non-perishables. It didn't make sense to buy groceries in bulk from Costco because we wouldn't use them up in time and get our money's worth.

Returns 246
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Powerful re-up support catapults debt investor AshGrove Capital to €650m hard cap Fund II close

AltAssets

Pan-European specialty lender AshGrove Capital has hit a €650m hard cap close of its sophomore fund, more than double the size of its debut vehicle. The post Powerful re-up support catapults debt investor AshGrove Capital to €650m hard cap Fund II close appeared first on AltAssets Private Equity News.

Debt 82
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What's the Income of the Top 10%, 5%, and 1%?

The Motley Fool

Image source: Getty Images Incomes vary quite a bit throughout the United States. The median income is $70,260, according to the 2022 Survey of Consumer Finances (SCF). But households in the top 10% make significantly more. It's interesting to see how much money the wealthiest Americans make -- and how your own income compares. Of Dollars and Data published research that explores the household incomes of the top 10%, 5%, and 1%.

Financing 246
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Carlyle, Warburg Pincus, et al up Japan recruitment drive amid deal surge

Private Equity Wire

Carlyle, Warburg Pincus, and other major global investment firms are ramping up recruitment efforts in Japan as dealmaking accelerates, despite challenges in finding experienced professionals due to historically limited buyout activity, according to a report by Reuters. The report cites Carlyle’s Co-Head of Japan as revealing that the firm, which raised $2.8bn in May for its fifth and largest Japan-focused fund, aims to expand its 25-member team by adding 10 new hires over the next two yea

Bidding 86
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Social Security Benefits Get a COLA in 2025, but It Comes With Bad News for Retirees

The Motley Fool

Inflation has cooled substantially since peaking in June 2022, but elevated prices are still a problem for many retired workers. A recent survey from the Employee Benefit Research Institute, a nonpartisan research organization, found that 56% of retirees are worried they'll have to make big spending cuts to keep up with inflation. Social Security benefits will receive a 2.5% cost-of-living adjustment (COLA) in 2025 to compensate for rising prices across the economy.

Education 246
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UK PE firms anticipating 2025 deal surge

Private Equity Wire

Private equity firms are forecasting a substantial rise in UK deal activity in 2025, with 84% expecting to execute between five and ten deals, according to a report by Reuters citing a survey by Deutsche Numis published on Tuesday. This represents a significant shift from last year, when only 12% of private equity firms reported they were “highly likely” to pursue bolt-on acquisitions for existing portfolio companies.

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1 Wall Street Analyst Thinks UPS Stock Is Going to $150. Is It a Buy?

The Motley Fool

UPS (NYSE: UPS) stock received another upgrade, with an Argus analyst slapping a $150 target on it and upgrading the rating from hold to buy. UPS finally delivers Part of the optimism from the Argus analyst and others comes from the recent results, which halted a run of disappointing earnings reports. Management overestimated delivery volumes in 2023, and its second-quarter 2024 earnings report was little short of embarrassing.

Returns 246
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Godspeed Capital soars to $650m Fund III hard cap, just a year after $250m sophomore fund close

AltAssets

Defence and government investor Godspeed Capital has raced to a $675m hard cap final close for its third flagship fund, just a year after raising its $250m sophomore fund. The post Godspeed Capital soars to $650m Fund III hard cap, just a year after $250m sophomore fund close appeared first on AltAssets Private Equity News.

Capital 73
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Should You Buy This Millionaire-Maker Stock Instead of Palantir Technologies?

The Motley Fool

There may not be a hotter stock on Wall Street right now than Palantir Technologies. The company's artificial intelligence (AI) software is revving its growth engine, and there is a wide-open market opportunity in both government and the private sector. The stock is up approximately 800% since the start of last year. Be warned. Momentum can sometimes take stock prices to irrational places, and Palantir's valuation has arguably become untenable at more than 50 times the company's revenue.

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Elliott pushes to break up Honeywell after taking $5bn stake

Financial Times M&A

US activist investor wants to split the conglomerate’s aerospace and automation businesses

Stakes 78
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What's the Average Net Worth for the Lower, Middle, and Upper Class?

The Motley Fool

Image source: Getty Images Lower class, middle class, and upper class are all widely used, but rarely defined terms. For some people, lower class means living in poverty, upper class means a life of luxury, and middle class is everyone else. Thanks to the 2022 Survey of Consumer Finances, we can get a more accurate idea of what these terms mean financially.

Financing 246
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VC investors ‘cautiously optimistic’ on fundraising improvement as AI excitement continues

AltAssets

Venture capital firms are becoming increasingly optimistic about capital raising despite ongoing economic headwinds, new research from PitchBook and Web Summit shows. The post VC investors ‘cautiously optimistic’ on fundraising improvement as AI excitement continues appeared first on AltAssets Private Equity News.

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3 Signs You Should Not Set Foot in Your Local Target

The Motley Fool

Image source: Getty Images There's a reason Target tends to have such a large and loyal fan base. Where else can you find everything from apparel and makeup to toys and bananas all under the same roof? While Target isn't a discount retailer per se, its prices can be pretty competitive in certain categories. Shopping there might help you save money on some of the items you buy regularly.

Debt 246
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The Nicest Place on the Internet

This is going to be BIG.

There aren’t a lot of places you can go online that genuinely make you feel good—and that bring out the best in you… …especially in an election year. That’s why when you’re in a social network for over a decade and you’ve never ever seen a negative post, gotten into an argument, or never felt worse about yourself for the time you spent on it, it really stands out.

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This Is the Average 401(k) Balance for Retirees Age 65 and Older

The Motley Fool

If retirement is on the horizon, there are a few key items you'll want to tackle first. One of the biggest? Making sure you've saved enough to live comfortably -- or at least have a plan in place so you can sleep soundly at night. A quick way to get the ball rolling is to check out what others who are close to or have already taken the plunge into retirement have saved.

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Nissan shares surge after activist investor takes stake

Financial Times M&A

Hedge fund Effissimo Capital is known for high-profile campaigns against big Japanese companies

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3 Top Tech Stocks That Could Make You a Millionaire

The Motley Fool

Over the years, the market's hottest tech stocks have generated powerful gains for their long-term investors. For example, a $10,000 investment in artificial intelligence (AI) chip giant Nvidia made a decade ago would have grown to be worth nearly $3 million today, with dividends reinvested. A $20,000 investment in its rival AMD would have blossomed into a holding worth just over $1 million.

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7-Eleven starts talks with ACT on $47bn takeover bid as ‘white knight’ emerges

Financial Times M&A

Japanese convenience store operator receives rival buyout offer from members of founding family

Bidding 74
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Billionaire David Tepper Sold 93% of Appaloosa's Stake in Nvidia and Is Piling Into One of China's Most Prominent Growth Stocks

The Motley Fool

Important data releases aren't hard to come by on Wall Street. For roughly six weeks every quarter, an overwhelming majority of the stock market's most-influential businesses report their operating results. Were this not enough, economic data is announced Monday through Friday. All of this news can make it easy for something important to slip through the cracks.

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Bain Capital postpones Fuji Soft tender offer again as it awaits company approval

Private Equity Wire

Bain Capital has further delayed its tender offer for Japan’s Fuji Soft, and is now targeting a launch in mid-to-late November as it awaits company approval for the deal, the firm announced on Monday, according to a report by Reuters. This delay comes amid a heated $4bn acquisition battle with rival private equity giant KKR, underscoring Japan’s resurgence as a prime target for global takeovers.

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1 Surprising Artificial Intelligence (AI) Stock Warren Buffett's Berkshire Hathaway Owns

The Motley Fool

When you hear the names Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) and Warren Buffett, I'm willing to bet that artificial intelligence (AI) investing is not the first thing that comes to your mind. However, if you look at some of the stocks they own, it's clear that some of their portfolio is exposed to the AI trend. This is mostly based on the companies in his portfolio choosing to pursue AI rather than Buffett and Berkshire choosing to pursue AI companies.

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Godspeed Capital closes oversubscribed Fund III at $675m hard cap

Private Equity Wire

Godspeed Capital Management (Godspeed Capital), a lower middle-market Defence & Government services, solutions, and technology focused private equity firm, has held the final close of Godspeed Capital Fund III at its hard cap of $675m. In combination with the Firm’s predecessor funds, Godspeed Capital has to date raised over $1.1bn in capital commitments since its inception in 2021.

Capital 65
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If Large Institutional Investors Are Deciding to Sell This Popular Cryptocurrency, Should You?

The Motley Fool

The past seven months have been absolutely dreadful for investors in Ethereum (CRYPTO: ETH). The world's second-most popular cryptocurrency is still down more than 15% from its intra-year high of $4,000 in mid-March, even with the recent post-election crypto rally. Until just a few days ago, it had been unable to regain the $3,000 level. What was once just a dip has now looks like something much more serious.

Investors 246
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BBVA bid for Sabadell dealt blow by antitrust watchdog

Financial Times M&A

Spain’s CNMC will submit €11bn hostile takeover to a more rigorous ‘phase 2’ review

Bidding 66
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The 3 Money Moves Women Should Prioritize in Their 30s

The Motley Fool

Image source: Getty Images Your 30s are critical for setting financial goals and making smart money moves that will impact your future. This decade often brings more stability and clarity about what you want from life, which makes it an ideal time to get intentional with your finances. Whether you're focused on career growth, planning for a family, or building wealth, here are three money moves that can help set you up for long-term financial success. 1.

Debt 246
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30% Up Years in the Stock Market

A Wealth of Common Sense

The S&P 500 is up 27% in 2024. We’re quickly closing in on a 30% gain for the calendar year. How rare is that feat? It happens more often than you would think. Here’s a look at every calendar year return on the S&P 500 going back to 1928: The 30% gains are highlighted. By my count, there were 18 years in which the stock market finished with a gain of 30% or more.

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What Nvidia Stock Investors Should Know About Recent Updates

The Motley Fool

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA). To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Nov. 7, 2024. The video was published on Nov. 7, 2024. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks?

Investors 246
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myBiometry Raises $5M in Seed Funding

FinSMEs

myBiometry, a Lowell, MA-based asthma and COPD diagnostic and remote monitoring company, raised $5M in Seed Funding. The round was led by Dexcom Ventures, with participation from CareSource Indiana, and Elevate Ventures. The company intends to use the funds to advance the development of its fenoTRACK solution, a device designed to empower asthma and COPD […] The post myBiometry Raises $5M in Seed Funding appeared first on FinSMEs.

Funds 64