October, 2024

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A Few Thoughts On Diversification Strategies

Fortune Financial

It has been my experience when reviewing portfolios that diversification is typically expressed simply as a number of various stocks owned, or owning a handful of asset classes, usually stocks of various sizes and geographies, and bonds of varying maturities. While such a simple asset allocation may work for many investors, it is my view that too little thought is given to other diversification tools that may enhance a portfolio by addressing some vulnerabilities that can result when a portfoli

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Billionaire Philippe Laffont of Coatue Is Dumping Shares of Nvidia and Palantir and Piling Into This Artificial Intelligence (AI) Infrastructure Juggernaut

The Motley Fool

Thanks to the advent of the internet, information is no longer at a premium for everyday investors. Between earnings season -- the six weeks every quarter where a majority of S&P 500 companies report their operating results -- and weekly economic reports, investors can become overwhelmed and allow important data to slip through the cracks. You might not realize it, but what can easily be described as the most important data dump of the third quarter occurred in mid-August.

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Eagle Acquires Sam the Concrete Man

Private Equity Professional

Eagle Merchant Partners (EMP), an Atlanta-based private equity firm specializing in franchise and multi-unit businesses, has acquired a majority stake in Sam the Concrete Man (SamCo), the largest residential concrete services franchisor in the United States. SamCo is a franchised provider of driveway and sidewalk repair, patio installations, and other residential concrete projects.

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UK ups tax on PE ‘carried interest’ to 32%

Private Equity Wire

The UK is to raise taxes on performance fees, or “carried interest,” for private equity fund managers from 28% to 32%, effective April 2025 — a smaller increase than many in the industry had anticipated, according to a report by Reuters. In her budget announcement, UK finance minister Rachel Reeves outlined the tax hike as part of broader capital gains tax increases affecting most asset classes.

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Berkshire Partners closes Fund XI with $7.8bn in capital commitments

AltAssets

Berkshire Partners, a private equity firm that prioritises the middle market, has officially closed its Berkshire Fund XI with around $7.8bn in total commitments. Berkshire claims this makes the Fund its largest since its formation in 1986. Fund XI was oversubscribed, something the firm claims underscores the investors’ support for its multi-sector middle market investment […] The post Berkshire Partners closes Fund XI with $7.8bn in capital commitments appeared first on AltAssets Private

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Where Will Palantir Stock Be in 5 Years?

The Motley Fool

Palantir Technologies (NYSE: PLTR) seems to be in the right place at the right time. Investor optimism about artificial intelligence (AI) is rising, while global tensions could boost demand for the company's military targeting and analytics software. But with Palantir's shares already up by 161% in 2024, how much longer can the bull run last? Let's dig deeper into what the next five years could have in store.

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Better Artificial Intelligence Stock: Nvidia vs. AMD

The Motley Fool

Nvidia 's (NASDAQ: NVDA) stock surged 2,750% over the past five years as the artificial intelligence (AI) market exploded. Nvidia once generated most of its sales from gaming GPUs for PCs, but the rise of generative AI platforms drove more companies to buy its high-end data center GPUs -- which are used to process complex AI tasks more efficiently than stand-alone CPUs.

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Prudential Financial (PRU) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Prudential Financial (NYSE: PRU) Q3 2024 Earnings Call Oct 31, 2024 , 11:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to Prudential's quarterly earnings conference call. [Operator instructions] As a reminder, today's call is being recorded.

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Lemonade (LMND) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Lemonade (NYSE: LMND) Q3 2024 Earnings Call Oct 31, 2024 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello, and welcome to the Lemonade Q3 2024 earnings call. My name is Maxine, and I'll be coordinating today's call. [Operator instructions] I will now hand over to Yael Wissner-Levy, VP of communications to begin.

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Cigna Group (CI) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Cigna Group (NYSE: CI) Q3 2024 Earnings Call Oct 31, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by for the Cigna Group's third quarter 2024 results review. [Operator instructions] As a reminder, ladies and gentlemen, this conference, including the Q&A session is being recorded.

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Anheuser-Busch InBev/NV (BUD) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Anheuser-Busch InBev/NV (NYSE: BUD) Q3 2024 Earnings Call Oct 31, 2024 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to AB InBev's third quarter 2024 earnings conference call and webcast. Hosting the call today from AB InBev are Mr. Michel Doukeris, chief executive officer; and Mr.

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Nautic Partners Raises $4.5 Billion for Eleventh Fund

Private Equity Professional

Nautic Partners has announced the close of its latest fund, Nautic Partners XI LP (“Fund XI”), with $4.5 billion in limited partner commitments, surpassing its initial target of $3.75 billion. The fund reached its hard cap and attracted a diverse group of investors, including public and private pension plans, insurers, health systems, fund of funds, family offices, financial institutions, endowments, and foundations across North, Central, and South America, Europe, Asia, and the Midd

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L2 Point Closes Oversubscribed Inaugural Fund

Private Equity Professional

L2 Point Management has announced the closing of its first structured equity fund, L2 Point Opportunities Fund I LP (“Fund I”), with $312 million in capital, exceeding its target. Combined with an additional $148 million raised through Fund I co-investment vehicles, the firm’s total capital raised reaches $460 million. Limited partners in Fund I include a range of public pension plans, foundations, insurance companies, funds of funds, and high-net-worth individuals.

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Canaccord Genuity Strengthens TMMIS Group with Lance Maerov Hire

Private Equity Professional

Canaccord Genuity has announced the addition of Lance Maerov to its U.S. investment banking team as a managing director within the technology, media, marketing, and information services (TMMIS) group. Mr. Maerov joins Canaccord Genuity from Dinmont Ridge , a firm he founded in 2023 to provide advisory services to private equity and strategic investors.

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Verdane secures €700m in landmark decarbonisation fund

AltAssets

Verdane, a European private equity firm, has raised €700m for its second fund dedicated to companies driving economic decarbonisation. As per Reuters, the fund, known as Verdane Idun II, more than doubled the hard cap of its predecessor, underlining the growing demand from a range of institutional investors from pension schemes to endowments and insurers, […] The post Verdane secures €700m in landmark decarbonisation fund appeared first on AltAssets Private Equity News.

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TPG close to raising $5bn for its Climate Fund II

AltAssets

Private equity behemoth TPG has raised almost $5bn for its second climate-focused fund, with commitments currently reaching $4.4bn. According to Axios, a SEC filing has detailed that whilst it has raised $4.4bn from its Rise Climate II Fund, it expects commitments to reach $4.96bn. The Fund secured commitments from Saudi and UAE-located funds, bringing in […] The post TPG close to raising $5bn for its Climate Fund II appeared first on AltAssets Private Equity News.

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Why Twilio Stock Jumped 18% Today

The Motley Fool

Shares of Twilio (NYSE: TWLO) rocketed as much as 18% higher on Thursday, powered by an impressive earnings report. The stock cooled down to a still-impressive 16% gain by 3 p.m. ET. Twilio is leaving analyst targets in the dust The Street consensus had called for third-quarter earnings of roughly $0.86 per share on sales near $1.09 billion. Instead, Twilio's revenues rose 10% year over year to $1.13 billion.

Returns 246
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This Vanguard Index Fund Is a Once-in-a-Decade Buying Opportunity for the Artificial Intelligence (AI) Boom

The Motley Fool

The Vanguard Utilities ETF (NYSEMKT: VPU) has returned 30% year to date, outstripping the 23% return in the S&P 500 (SNPINDEX: ^GSPC). The utilities sector rarely outperforms the broader market, but this year has been an exception. Investors have piled into utility stocks on the premise that artificial intelligence will boost energy consumption.

Funds 246
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Up 193%, Is Nvidia Stock Still a Buy?

The Motley Fool

For decades, big tech has been hunting for the next game-changing technology that could transform people's lives and add trillions to the global economy. Many think generative artificial intelligence (AI) could be the one. And Nvidia (NASDAQ: NVDA) has benefited from a surge in demand for its AI-capable chips to power the new industry. But with its shares up 193% so far in 2024, is it too late for new investors to bet on the company?

Prospects 246
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1 Electric Vehicle ETF to Buy With 2025 Around the Corner

The Motley Fool

Electric vehicle (EV) companies like Tesla (NASDAQ: TSLA) have experienced incredible growth over the past decade, but they have suffered from softening demand in major markets like the U.S. and Europe in 2024. Tough economic conditions headlined by high interest rates have pushed consumers to buy cheaper gas-powered cars. Plus, a recent study by Goldman Sachs suggests a lack of rapid charging infrastructure, and falling prices in the used market are becoming a concern as more EVs hit the road.

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Is an LLC Worth It for Sole Proprietors?

The Motley Fool

Image source: Getty Images If you're starting a small business, generally the first step is setting up the legal structure of your business. There are several options, even if you're running a solo operation, which can get confusing. Generally, a sole proprietorship (meaning a company owned by just one person who does all or most of the work on the business) will choose between remaining a sole proprietorship, which requires no paperwork at all, and an LLC.

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Should You Forget Nvidia and Buy These 2 Artificial Intelligence (AI) Stocks Instead?

The Motley Fool

With shares up 2,620% in the past five years and 184% just in 2024 (as of Oct. 25), Nvidia continues to be the talk of the town. The artificial intelligence (AI) hardware maker is benefiting from strong demand for its products and services, driving rapid growth. Nvidia deserves credit for how it dominates the market for AI infrastructure. It's also very hard to overstate just how unbelievable the share price performance has been.

Investors 246
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Is Your Retirement Savings Below Average for Your Age? Here's the Latest Data

The Motley Fool

It's tough to know if you're really on track with your retirement savings until you crunch the numbers. You'll need to factor in things like retirement expenses and any income sources you'll have lined up. Of course, sitting down to think about all these things isn't always easy -- especially when you're juggling other financial priorities. But seeing how your retirement savings compare to others might give you the push you need.

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2 Cryptocurrencies You Should Probably Avoid, According to Billionaire Mark Cuban

The Motley Fool

Meme coins are designed to skyrocket in price within a very short period. That is the key to their ongoing appeal: If you pick the right meme coin, you theoretically have a chance of adding a few zeros to your bankroll. Add in the fact that most meme coins are based on a funny internet meme, and you can understand why they are so popular with crypto investors.

Finance 246
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Activision Blizzard: What Microsoft Got for $69 Billion

The Motley Fool

Jason Schreier is the author of Play Nice: The Rise, Fall, and Future of Blizzard Entertainment and a reporter at Bloomberg. In this podcast, Schreier joined Motley Fool host Ricky Mulvey for a conversation about: The magic that made Blizzard Entertainment. The state of the video game industry. Why Grand Theft Auto VI is taking so long to develop. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.

Taxes 246
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Billionaire Warren Buffett Sold 26% of Berkshire's Stake in Bank of America and Is Piling Into a Financial Juggernaut That's Soared 33,000% Since Its IPO

The Motley Fool

There's arguably not a money manager on Wall Street who commands the attention of investors quite like Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) billionaire CEO, Warren Buffett. Although other billionaire money managers might outpace Buffett's annual return from time to time, the greater than 5,500,000% cumulative return the Oracle of Omaha has overseen in his company's Class A shares (BRK.A) since taking over as CEO in the mid-1960s speaks for itself.

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A Little Good News for QuantumScape Investors

The Motley Fool

We throw the word "game-changing" out a little too often, but QuantumScape 's (NYSE: QS) next-generation solid-state battery technology could be just that. Imagine a battery for electric vehicles (EVs) that delivers better performance and range, discharge power, charging speed, and safety. That's what QuantumScape hopes to deliver to automakers, but there's one problem: Nobody has ever done it.

Investors 246
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Why Chipotle Mexican Grill Stock Fell Today

The Motley Fool

Shares of popular restaurant chain Chipotle Mexican Grill (NYSE: CMG) fell on Wednesday after the company reported financial results for the third quarter of 2024. While financial results were strong, analysts seemed skeptical about the business looking forward. As of 11:30 a.m. ET, Chipotle stock was down almost 7%. A good quarter but investors are worried In Q3, Chipotle's business was booming.

Investors 246
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3 Millionaire-Maker Technology Stocks

The Motley Fool

If you're looking to turn a $10,000 investment into $1 million during the next 10 years, your chances are quite low. In fact, only two U.S. stocks in the Russell 1000 would have helped you achieve that trick: chipmaker Nvidia and energy drink maker Celsius Holdings. That said, it doesn't hurt to try to find the next big winners. Let's look at three technology stocks that have the potential for huge returns over the next decade.

Finance 246
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15 Words From Starbucks CFO That Could Raise Red Flags for Investors

The Motley Fool

Starbucks (NASDAQ: SBUX) is in the middle of a significant turnaround effort. The business has been struggling to grow its sales in recent quarters, and that has created worry among investors. The situation has been concerning enough that the company has brought on a new CEO, Brian Niccol, who is looking to get Starbucks back on the right path. While the stock surged earlier this year on news that Niccol was joining the company and leaving Chipotle Mexican Grill to do so, a change in leadership

Investors 246
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5 Dividend Stocks to Double Up on Right Now -- Plus Some Dividend ETFs

The Motley Fool

If you don't have many dividend-paying stocks in your portfolio, you might want to rethink your asset allocation because dividend payers can be surprisingly powerful long-term performers. For starters, a company generally needs to grow enough to have relatively reliable income, giving management the confidence with which to initiate -- and then maintain -- a dividend payment to shareholders.

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I Used to Think 70 Was the Best Age to Claim Social Security Benefits. Here's Why I'd Now Rather Claim at 62.

The Motley Fool

One of the more important decisions anyone makes as they near retirement is deciding when to claim Social Security benefits. It's not a decision that should be glossed over, as it permanently affects your monthly benefits. This could matter a lot for people who plan to rely heavily on Social Security in retirement. I used to think claiming at 70 was the better route because of the increased monthly benefits.

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If You Bought 1 Share of Rivian at Its IPO, Here's How Much Money You'd Have Now

The Motley Fool

Rivian (NASDAQ: RIVN) is an exciting stock. Since going public in 2021, sales have skyrocketed by more than 1,000%. And with several new mass-market vehicles set to hit the road over the next few years, there's a good chance that Rivian's best days are still ahead of it. How much have investors made from investing in this EV stock thus far? Prepare to be surprised.

Returns 246
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Amid Super Micro Computer's Accounting Challenges, Investors Should Never Forget This Investing Lesson

The Motley Fool

The resignation of Ernst & Young (EY) as Super Micro Computer 's (NASDAQ: SMCI) accounting firm sent its stock reeling. Not only did its stock plunge but now investors must also contend with one of the more promising tech growth stories getting derailed by alleged accounting irregularities. Considering this challenge, Supermicro has instead become a painful investing lesson.

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Social Security: Here's What Happens to Your Benefit if Your Spouse Passes Away

The Motley Fool

Millions of older adults lean on Social Security heavily in retirement, and if you're married, that could provide an extra boost in the form of spousal benefits. You can collect up to 50% of your partner's full benefit amount in spousal benefits, and the average spouse of a retired worker collects just over $900 per month, according to 2024 data from the Social Security Administration.

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1 Huge New Reason to Buy Eli Lilly or Novo Nordisk Stock Right Now and Hold It Forever

The Motley Fool

As if there weren't enough reasons to buy shares of the cardiometabolic drug juggernauts Eli Lilly (NYSE: LLY) and Novo Nordisk (NYSE: NVO) , there's now one more big reason to expect these two stocks to keep climbing. While this new opportunity will take some time to cook before it's ready to delight shareholders, one of the two companies is making significant headway, so it won't be much longer in the grand scheme of things.

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Advanced Micro Devices (AMD) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Advanced Micro Devices (NASDAQ: AMD) Q3 2024 Earnings Call Oct 29, 2024 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the AMD third-quarter 2024 conference call. [Operator instructions]. And as a reminder, this conference is being recorded.