Sat.Apr 13, 2024 - Fri.Apr 19, 2024

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Is Auto Insurance Becoming a Crisis?

A Wealth of Common Sense

I was perusing the BLS data following the inflation release last week and one number sticks out like Victor Wembanyana standing next to a group of kindergartners. Auto insurance was up 22% over the previous 12 months versus an overall inflation rate of 3.5%. Look at the change in auto insurance rates these past few years: It’s like a meme stock.

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Why VinFast Auto Stock Collapsed This Week

The Motley Fool

Shares of VinFast Auto (NASDAQ: VFS) slumped as much as 30% this week, according to data from S&P Global Market Intelligence. The Vietnam-based electric vehicle (EV) manufacturer reported poor growth and earnings for the first quarter of 2024, causing investors to sell off the stock. As of this writing, shares of VinFast Auto have fallen 96% from all-time highs set in late 2023 when it made its debut on the public markets.

Financing 246
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Apollo to help finance Concord’s $1.4bn Hipgnosis Songs Fund acquisition

Private Equity Insights

Apollo Global Management has agreed to help finance the acquisition of British song investor Hipgnosis Songs Fund for $1.4bn by Nashville-based music company Concord, through the provision of debt and a minority indirect equity interest in the deal. Under the proposed terms of the transaction, Hipgnosis shareholders, who have yet to approve the acquisition, will get $1.16 per share in cash, representing a premium of about 32% on Wednesday’s closing price, based on current exchange rates.

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FalconPoint Takes Flight

Private Equity Professional

FalconPoint Partners has announced its launch as a private equity firm focused on investing in North America-based middle market companies that are active in the business services and industrials sectors. FalconPoint is led by its founder and managing partner Russ Gehrett. Prior to founding FalconPoint, Mr. Gehrett was a partner at Wynnchurch Capital Management where… This content is for members only.

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Rich People Who Don’t Feel Rich

A Wealth of Common Sense

How much money do you have to make to feel rich? It’s a subjective question. A lot depends on your lifestyle, where you live, how much you spend and save, your peer group, and your vulnerability to comparison. The comparison piece matters more than most are willing to admit. Wealth is relative. JP Morgan once said, “Comparison is the thief of joy.” It’s easy to say when you’re one of the weal.

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Here's Why This Smart Water Meter Company's Stock Surged 23% This Week

The Motley Fool

Badger Meter (NYSE: BMI) stock had soared by 16.7% for the week through Friday morning as the market digested the company's record-setting first-quarter results. What Badger Meter does The company generates around 85% of its revenues from selling utility water smart metering solutions, tools that enable utilities to more accurately measure their water and wastewater customers' usage, and bill them accordingly.

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Graycliff Sells Ballymore to OEP

Private Equity Professional

Graycliff Partners has sold Ballymore Safety Products, a maker of safety-centric products, to One Equity Partners (OEP). Ballymore is a manufacturer of steel, aluminum, and stainless steel rolling safety ladders, lifts, work platforms, fall protection systems, portable loading docks, lift tables, conveyors, stackers, and reach tools. The company’s products, most commonly used in retail and… This content is for members only.

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How Long Does it Take For a 10 Bagger in the Stock Market?

A Wealth of Common Sense

I first heard the term ‘bagger’ in One Up on Wall Street by Peter Lynch. He writes about Microsoft being a 100-bagger (the book came out in 1989). He mentions Dell as an 889-bagger. Subaru was a 156-bagger. There were a lot of other baggers as well. Lynch is credited with the term ten-bagger for a stock that’s up 10x. There are some well-known ten-baggers during the current bull run.

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Is Vertex Pharmaceuticals Stock a Millionaire Maker?

The Motley Fool

Vertex Pharmaceuticals (NASDAQ: VRTX) is a growing pharmaceutical company with a robust cystic fibrosis (CF) business that generated nearly $10 billion in revenue last year. While there is still more room for the business to get bigger, Vertex is already at a sizable market cap of $100 billion. Does this stock have enough runway to generate significant returns and help you become a millionaire in the long run?

Prospects 246
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Why Nvidia Stock Plunged 10% Today

The Motley Fool

It's rare for a $2 trillion stock to fall on no direct news, but that's exactly what happened to Nvidia (NASDAQ: NVDA) today. Shares of the AI chip leader got swept up in a broader AI sell-off after one analyst noted that Super Micro Computer (NASDAQ: SMCI) , another AI stock leader , failed to report preliminary revenue , casting doubt on its upcoming results.

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Prediction: Meta's Artificial Intelligence (AI) Could Mean Trouble for ChatGPT

The Motley Fool

Meta Platforms (NASDAQ: META) introduced Meta AI on Thursday, and it's another easy-to-use artificial intelligence chatbot to compete with ChatGPT. But it's far easier to use, and every point of friction that's eliminated is a threat to OpenAI's once-dominant position. Travis Hoium covers the new product in the video below. *Stock prices used were end-of-day prices of April 18, 2024.

Returns 246
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I Submitted My Taxes and Got a CP2000 Notice From the IRS. Help!

The Motley Fool

Image source: Getty Images So you submitted your tax return and heaved a big sigh of relief at having one unpleasant task in your life done with. But what if, weeks later, there's now a notice from the IRS sitting in your mailbox called a CP2000? At first, a CP2000 notice might seem like an audit -- but it's not. It's merely a notice from the IRS indicating that the information you entered on your tax return doesn't match the agency's records.

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Where Will Palantir's Soaring Stock Be in 10 Years?

The Motley Fool

With shares up almost 150% in the past 12 months, Palantir Technologies (NYSE: PLTR) isn't missing out on the artificial intelligence (AI) boom powering the tech industry right now. But while hardware giants like Nvidia are making most of the early money, software could become increasingly important over the coming decade. Let's discuss what the next 10 years could have in store for the big-data specialist as it seeks to leverage its position in the defense and law enforcement sectors to help in

Bidding 246
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68% of Warren Buffett's $372 Billion Portfolio Is Invested in Just 4 Stocks

The Motley Fool

Wall Street is a bona fide long-term wealth creator, and few money managers know this better than Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. Since taking the reins at Berkshire nearly six decades ago, the appropriately named "Oracle of Omaha" has overseen a 4,913,549% aggregate return in his company's Class A shares (BRK.A) and practically doubled up the annualized total return, including dividends paid, of the broad-based S&P 500.

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Warren Buffett Has Over $10 Billion Invested in 7 Stocks. Here's the Best Stock to Buy Right Now, According to Wall Street.

The Motley Fool

Warren Buffett took control of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965. He quickly shifted its focus from textiles to insurance, creating consistent cash flow in the form of insurance premiums, and he has invested that capital to great effect over the years. Berkshire stock has returned 19.8% annually under Buffett's leadership, nearly doubling the return of the S&P 500 (SNPINDEX: ^GSPC).

Investing 246
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Social Security: Here Are the Best and Worst Ages to Take Benefits, According to Data

The Motley Fool

The age you begin taking Social Security will affect your monthly income for the rest of your life, so it's a decision to be made carefully -- especially if you're going to be relying heavily on your benefits in retirement. The right age to claim will differ from person to person, as it depends largely on your unique circumstances. That said, it can sometimes be helpful to see what the research says about when to file.

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Caterpillar Stock Has 22% Upside, According to 1 Wall Street Analyst

The Motley Fool

With 61% gains racked up over the last 52 weeks, Caterpillar (NYSE: CAT) shares have outperformed the rest of the S&P 500 by a factor of nearly three -- and one analyst thinks this run's not done. On Tuesday, JPMorgan 's Tami Zakaria set a $435 price target on Caterpillar stock, making her the second-most-optimistic analyst on Wall Street. ( Jefferies ' Stephen Volkmann, with a $440 target price, has the current Street-high target for Cat.

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Think Amazon Is Done Growing? 3 Reasons It Could Reach $1 Trillion in Revenue.

The Motley Fool

Amazon (NASDAQ: AMZN) isn't the world's biggest company by revenue. That title belongs to Walmart , but Amazon could easily pass its brick-and-mortar rival in revenue in just a couple of years. The tech giant finished 2023 with $575 billion in revenue and 12% growth. At that rate, Amazon will top $1 trillion in revenue in just five years, by 2028, which would make it the first company ever to do so.

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This New Federal Filing Requirement for LLC Owners Only Took Me 5 Minutes

The Motley Fool

Image source: Getty Images Lots of small business owners might not know this, but the federal government is requiring you to file some new documentation this year. Anyone who owns a small business with a legal entity, like a limited liability corporation (LLC) should pay attention to this new rule. Just like filing taxes, if you don't do it, the consequences are severe.

Legal 246
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After SoundHound AI Stock Soared as Much as 320%, 1 Wall Street Analyst Thinks It's Falling to $1. Here Are 3 Things Smart Investors Should Know.

The Motley Fool

Euphoria surrounding artificial intelligence (AI) has helped fuel the S&P 500 and Nasdaq Composite to record levels this year. Indeed, the "Magnificent Seven" stocks -- Microsoft , Apple , Nvidia , Alphabet , Amazon , Meta Platforms , and Tesla -- garner the majority of AI hype and have collectively played a big role in pushing the market higher.

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Meet the Stock-Split Stock Making Wall Street History, Plus the Nasdaq Stock That Could Split Next

The Motley Fool

Chipotle Mexican Grill (NYSE: CMG) made history when it announced a 50-for-1 stock split last month. Assuming shareholders approve the amendment at the annual meeting on June 6, the stock will split after the market closes on June 25. That announcement is historic for two reasons. First, Chipotle has never split its stock since it was founded 30 years ago.

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CD Rates Are Doing Something They Haven't Done Since the 1980s -- and It's Good News for Savers

The Motley Fool

Image source: The Motley Fool/Upsplash Certificates of deposit (CDs) have become a popular investment in recent years. As the Federal Reserve has raised interest rates, CD rates have skyrocketed in response. But some investors may notice something weird about the CD market right now. There's something going on that hasn't happened since the 1980s, and it's a phenomenon that could really benefit savers.

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Why I'm (Still) Not Buying Bitcoin in 2024

The Motley Fool

Image source: Getty Images Few types of investment assets get as much media attention, or create as much polarizing discussion, as Bitcoin. People who love and believe in Bitcoin tend to make big bets and bold predictions about what they believe to be a world-changing asset category, while Bitcoin skeptics are, well…skeptical. On March 13, 2024, Bitcoin reached an all-time high price of $73,135.

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Taiwan Semiconductor Manufacturing (TSM) Q1 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Taiwan Semiconductor Manufacturing (NYSE: TSM) Q1 2024 Earnings Call Apr 18, 2024 , 2:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Jeff Su [Foreign language] Good afternoon, everyone, and welcome to TSMC's first-quarter 2024 earnings conference call. This is Jeff Su, TSMC's director of investor relations and your host for today.

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Is It Too Late to Buy Nvidia Stock?

The Motley Fool

The "Magnificent Seven" stocks of Microsoft , Amazon , Alphabet , Meta Platforms , Tesla , Apple , and Nvidia (NASDAQ: NVDA) capture much of the attention in the red-hot artificial intelligence (AI) space. Among this exclusive club, Nvidia might just be the most important. The company specializes in high-performance graphics processing units (GPUs) that are used for a variety of applications across the generative AI spectrum.

Investors 246
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3 Little-Known Perks of Owning a Hybrid Car

The Motley Fool

Image source: Getty Images Hybrid car sales are racing ahead as drivers look for ways to reduce emissions without going full-on electric. According to data from car expert Edmunds, hybrids almost doubled their market share in 2023. For some, hybrids offer the best of both worlds. You can save money on gas and be greener without worrying about where to plug in or how to cover longer distances.

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History Says the Nasdaq Will Continue to Soar in 2024: My Top 5 Artificial Intelligence (AI) Growth Stocks to Buy Before the Surge Continues

The Motley Fool

After enduring one of its worst performances since 2008, the Nasdaq Composite has turned things around, gaining 50% since the beginning of last year. After such a sharp move higher, some investors wonder if much upside remains. Yet a review of the data suggests the current market rally still has room to run. Since the storied index began trading back in 1972, every year after a market recovery begins, the tech-heavy index has risen 19%, on average.

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Years' Worth of Passive Income Is Hiding in Plain Sight

The Motley Fool

Passive income -- cash that just arrives on its own, automatically -- who wouldn't want it? It might sound like a pipe dream to many people, as it can be hard to imagine how you can achieve passive income, but it's within reach of most of us. Here's a look at several common kinds of passive income you might strive to set up for yourself. Just having one or a few of these income streams may make a big difference in your life today and can improve your future financial security.

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Microsoft Invests $1.5 Billion in an AI Company: Here's What Investors Should Know

The Motley Fool

More than any other big tech company, Microsoft (NASDAQ: MSFT) has been unabashedly aggressive in artificial intelligence (AI). It forged a partnership with OpenAI in 2019, investing $1 billion in the AI start-up when it needed a funding source, and it invested another $10 billion in OpenAI in early 2023, shortly after that company launched ChatGPT, bringing its grand total to an estimated $13 billion that it has invested in OpenAI.

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2 Best Semiconductor ETFs to Buy Now, as the Artificial Intelligence (AI) Revolution Powers Chip Demand

The Motley Fool

The semiconductor (or chip) stock group has strong long-term growth potential, driven in large part by the robust adoption of artificial intelligence (AI) across industries. The global AI market is projected to increase at a brisk compound annual growth rate (CAGR) of more than 28% from 2024 through 2030, according to Statista. There are likely to be some huge stock winners in the chip space over the long term.

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Taiwan Semiconductor Manufacturing Stock Has 21% Upside, According to 1 Wall Street Analyst

The Motley Fool

The emergence of artificial intelligence (AI) over the past year has lit a fire under Taiwan Semiconductor Manufacturing (NYSE: TSM) , or TSMC, as it's often called. The stock is up 58% over the past 12 months, which has some investors wondering if it's run too far, too fast, with limited upside ahead. One Wall Street analyst believes the stock has further to run.

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If I Could Buy Only 3 Stocks in 2024, I'd Pick These

The Motley Fool

Did you know there are literally thousands of stocks you can choose from at any given time to custom-build your perfect portfolio? For some people, that sounds like an exhausting proposition. For most of the market's more active investors, however, picking stocks can be a lot of fun. It's a chance to go on a treasure hunt of sorts. Just as a thought experiment, though: What if you could make just three stock purchases in any year?

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Could SoundHound AI Stock Be a 100-Bagger in 20 Years?

The Motley Fool

One stock that's been generating a lot of interest this year is SoundHound AI (NASDAQ: SOUN). After it was revealed that chipmaker Nvidia has a stake in it, investors have grown bullish about the company. And given its relatively small $1.3 billion market cap, investors are likely hoping the stock can generate some significant returns. But could SoundHound AI be the next great AI stock to own, and perhaps even grow its valuation by 100 times over the next few decades?

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If You'd Invested $1,000 in Tesla 5 Years Ago, Here's How Much You'd Have Today

The Motley Fool

I won't keep you in suspense. The answer is: $8,862.79. That's how much money you'd have today if you had invested $1,000 in Tesla (NASDAQ: TSLA) stock five years ago -- and it's a pretty nice return, right? Sure, there's been a lot of wailing and gnashing of teeth lately, a lot of proverbial clothes tearing, and sackcloth and ashes wearing, over the fact that Tesla stock has been cut in half from its 2023 high of nearly $300.

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