Sat.Jul 20, 2024 - Fri.Jul 26, 2024

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The Biggest Winners in the Stock Market

A Wealth of Common Sense

Hendrik Bessimbinder has produced some of my favorite stock market research. Bessimbinder discovered that four out of every seven stocks in the U.S. have underperformed cash (one-month T-bills) since 1926. And just 4% of companies accounted for all the wealth gains for the entire stock market in that time. The stock market runs on power laws over the long run.

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1 Artificial Intelligence (AI) Stock With 75% Upside to Buy Hand Over Fist, According to Dan Ives

The Motley Fool

Last year, the Nasdaq Composite and S&P 500 both experienced significant rebounds after dismal performances in 2022. One of the main tailwinds last year was a rising interesting in artificial intelligence (AI). This momentum has continued this year with the Nasdaq and S&P 500 returning 18% and 15%, respectively, so far. Although mega-cap technology stocks in the " Magnificent Seven " have generated particularly strong returns, there are some smaller players emerging as interesting opport

Prospects 246
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Promptfoo Raises $5M in Seed Funding

FinSMEs

Promptfoo, a San Francisco, CA-based open-source LLM testing company, raised $5M in Seed funding. The round was led by Andreessen Horowitz with participation from Tobi Lutke (CEO, Shopify), Stanislav Vishnevskiy (CTO, Discord), Frederic Kerrest (Vice-Chairman & Co-Founder, Okta), and many other top executives in the technology, security, and financial industries.

Funds 119
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Blackstone’s Japan retail PE fund surpasses $1bn AUM

Private Equity Wire

Blackstone’s inaugural private equity fund targeting Japanese individual investors has raised $1.2bn just four months after launch, on the back of increasing interest in alternative assets in the country, according to a report by Bloomberg. The report cites data from the Japan Securities Dealers Association as showing that the dollar-denominated Blackstone Private Equity Strategies Investment Trust achieved the milestone by the end of June.

Funds 105
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The 11th Commandment

A Wealth of Common Sense

There’s an old saying that people don’t attend church on Sundays expecting to hear an eleventh commandment. You go to reinforce what you’ve already learned or learn it all over again. And so it is with the basic principles of finance. Jason Zweig once wrote the following: My job is to write the exact same thing between 50 and 100 times a year in such a way that neither my editors nor my readers will ever.

Finance 135
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3 Savvy Medicare Moves That Could Slash Your Healthcare Costs in Retirement

The Motley Fool

There are certain expenses you might encounter in retirement that are optional, like paying for cable, and those that are non-negotiable, like paying for food. Healthcare falls into the latter category. And unfortunately, it can be more expensive than a lot of retirees bargain for. Last year, Fidelity projected that the typical 65-year-old would be looking at a whopping $157,500 to cover their healthcare expenses throughout retirement.

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Apollo to acquire UK parcel delivery co Evri for £2.7bn

Private Equity Wire

Global alternative asset manager Apollo Global Management is to acquire Evri, one of the largest parcel delivery companies in the UK, from private investment firm Advent International in a £2.7bn deal which is expected to close in Q3 2024, according to reports. In 2020, Advent acquired the UK operations of the business, then known as Hermes, for €1bn, before rebranding the company as Evri in 2022.

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Are Higher Rates Finally Starting to Impact Consumer Finances?

A Wealth of Common Sense

Inflation went from 9% to 3% without a recession. Some people want to give all the credit to the Federal Reserve. I think they got lucky. The soft landing, or whatever you want to call it, happened despite the Fed’s best efforts to cause people to lose their jobs and throw the economy into a recession. It helped that corporations and households came into the rising rate environment prepared.

Financing 123
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Warren Buffett Is Raking in $5.26 Billion in Annual Dividend Income From These 7 Stocks

The Motley Fool

Few billionaire money managers garner attention on Wall Street like Warren Buffett. Since the affably named "Oracle of Omaha" became CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, he's overseen a greater-than-5,200,000% aggregate return in his company's Class A shares (BRK.A). This works out to a near-doubling of the S&P 500 's annualized total return, including dividends, spanning almost six decades.

Banks 246
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DocketAI Raises $15M in Series A Funding

FinSMEs

DocketAI, a San Francisco, CA-based AI revenue enablement startup, raised $15M in Series A funding. The round was led by Mayfield and Foundation Capital, with participation from additional investors. The company intends to use the funds to expand operations and its development efforts. Founded by Arjun Pillai, former Chief Data Officer at ZoomInfo, and Anoop Thomas Mathew, […] The post DocketAI Raises $15M in Series A Funding appeared first on FinSMEs.

Startups 116
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PAI Partners to acquire majority stake in Nutripure

Private Equity Wire

Private equity firm PAI Partners is to acquire sport and wellness platform Nutripure from global private investment firm Ardian, through its PAI Mid-Market Fund. Upon completion, PAI will be the majority shareholder with a controlling stake, alongside the founders and Bpifrance. Established in France in 2017 by Florent and Christophe Carrio, Nutripure is a digital nutrition brand that provides products and services including food supplements and sports nutrition, primarily through its own websit

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What’s the Worst Long-Term Return For U.S. Stocks?

A Wealth of Common Sense

My colleagues Dan LaRosa and Cameron Rufus joined me on the show this week to discuss questions about how to find the best auto insurance rates, owner-only defined benefit plans, finding clients as a financial advisor and how much of your portfolio should be in alternative investments. Further Reading: When is Mean Reversion Coming in the Stock Market The post What’s the Worst Long-Term Return For U.S.

Returns 117
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3 Signs You Shouldn't Set Foot in Walmart

The Motley Fool

Image source: Getty Images Attention, Walmart shoppers: There's a sale on today on.well, there's bound to be a sale on something. That's the beauty of shopping at Walmart. The store is known for its everyday low prices. And when you get a sale on top of that, it could result in a lot of savings. But despite the perks of shopping at Walmart, you may actually want to spend your money elsewhere.

Finance 246
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GEOH Raises $3M in Seed Plus Funding

FinSMEs

GEOH, an Indianapolis, IN-based provider of end-to-end software solutions for home care, raised $3M in Seed Plus funding. The round was led by Boomerang Ventures, contributing $2M, with participation from VisionTech Partners, First Leaf Capital, Digital Venture Partners, and individual investors. The company intends to use the funds to support strategic M&A opportunities and the […] The post GEOH Raises $3M in Seed Plus Funding appeared first on FinSMEs.

Funds 116
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Main Capital Partners acquires public admin software provider mps

Private Equity Wire

Main Capital Partners, a €6bn software investor focused on the Benelux, DACH, the Nordics and the US, has acquired mps public solutions, a German software provider to the public administration and social care sector. The acquisition marks the second platform investment for Main since the inception of its new fund MC VIII in April. According to a press release, Main will support mps through “both organic and inorganic initiatives” Founded in 1978 and headquartered in Koblenz, mps focu

Capital 98
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Websites for Financial Advisors: What’s Working in 2024

Indigo Marketing Agency

If I went to your website right now, would it pass the 5-second test? Would I be able to immediately discern: Who you are? What you do? Who you do it for? And most importantly—why someone should choose you? Then, would I know what they should do next after visiting ? When envisioning your firm’s next website, it’s easy to articulate its purpose and desired ambiance.

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How to Make Money Online: 9 Ways to Earn Extra Cash

The Motley Fool

Image source: Getty Images I've been making money online as a freelance writer since 2009. Freelance work is just one idea of how to earn extra cash online. From entrepreneurship to flexible work-from-home gigs, there are lots of innovative ways to make a few extra dollars online -- or a new full-time living. Making money online is not a "get-rich-quick scheme.

Legal 246
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Applied Intuition Raises Over $300M in Secondary Round

FinSMEs

Applied Intuition, a Mountain View, CA-based vehicle software supplier, raised over $300M in Secondary round. The company added Fidelity Management & Research Company as a new investor as existing investors General Catalyst, BOND, Lux Capital and Elad Gil also participated. The secondary round follows Applied Intuition raising a $250 million Series E announced back in March.

Capital 115
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Agellus closes inaugural fund at $400m

Private Equity Wire

Agellus Capital, a lower middle-market private equity firm focused on B2B, non-discretionary consumer, supply chain and infrastructure services, has closed its debut fund, Agellus Capital Private Equity Fund I, with total limited partner capital commitments of $400m. The fund was oversubscribed and surpassed its $350m target. It received commitments from endowments and foundations, global financial institutions, insurance companies, family offices, sovereign wealth funds, as well as founders, ex

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$656,000 of Frugal Things I Still Love Doing

Mr. Money Mustache

– “I used to read Mr. Money Mustache” , some people say these days, “Until he got all rich and fancy so that he no longer understands the common person’s plight. Stash probably doesn’t even practice any of these money-saving things he preaches any more!” When I read things like this, I can’t help but laugh. Because on the one hand, when you put a bunch of personal life details online like this, being misunderstood is just part of the package.

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1 Phenomenal Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club

The Motley Fool

Recent developments in the field of artificial intelligence (AI) are having a dramatic impact on the technology landscape, which is evident in the market value of some of the world's most technologically advanced businesses. What many of these companies have in common is that they're trailblazers in AI. Apple is currently the leader (as of this writing), with Microsoft currently at No. 2, with market caps of $3.4 trillion and $3.3 trillion, respectively.

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Skippio Raises €540k in Seed Funding

FinSMEs

Skippio, a Dublin, Ireland-based tech startup providing a platform to enhance the fan experience at large-scale venues and events, raised €540K in Seed funding. The round was led by private investors with the support of Enterprise Ireland High-Potential Start-Up (HPSU) funding. The company intends to use the funds to expand operations and its development efforts. […] The post Skippio Raises €540k in Seed Funding appeared first on FinSMEs.

Funds 116
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Three Hills adds three to investment and value creation teams in UK and US 

Private Equity Wire

Three Hills, a London-based private equity firm specialising in “preferred capital” with €2.5bn in AUM, has appointed both Timothy Spillane as Operating Partner and Dan Knight as Investment Director in London, as well as Patrick Judd as Associate in New York. Spillane will work closely with management teams focusing on value creation and growth, particularly in the finance function, while Knight will be responsible for origination, execution and management of investments.

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Reckitt pressed by shareholders to revisit sale of nutrition business

Financial Times M&A

FTSE 100 consumer group’s Mead Johnson unit hit by US litigation over baby formula death

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3 Signs You Shouldn't Set Foot in Target

The Motley Fool

Image source: Getty Images I have friends who look forward to a Target shopping trip like I look forward to a vacation. They just love wandering the aisles and loading up shopping carts full of stuff. I used to enjoy shopping at Target, but my feelings have changed through the years -- more on that in a bit. But whether you love Target or could take it or leave it, shopping there may not be doing great things for your budget.

Debt 246
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4D Medicine Raises £3.4M in Series A Funding

FinSMEs

4D Medicine, a Nottingham, UK-based company developing biomaterials for 3D printed implants and surgical devices, raised $3.4M in Series A funding. The round was led by Oshen Holdings and backed by DSW Ventures, SFC Capital, Boundary Capital and private investors including scientists and surgeons. The company intends to use the funds to complete pre-clinical testing […] The post 4D Medicine Raises £3.4M in Series A Funding appeared first on FinSMEs.

Funds 115
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Waterland Private Equity invests in Beyond Law Group 

Private Equity Wire

Dutch firm Waterland Private Equity has made an investment in Beyond Law Group, which is intended to support the law firm’s growth through recruitment, the expansion of existing practices as well as acquisitions of niche practices. Beyond Law Group was established in 2017 and has offices in Manchester, Cheshire and London, employing around 100. The company creates and manages specialist legal practices including Beyond Corporate, McAlister Family Law and more recently Home Property Law.

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Amazon buys Hammer horror maker Bray Film Studios

Financial Times M&A

US tech giant’s Prime Video unit acquires stages and workshops where productions such as ‘Dracula’ were made

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3 of the Worst Mistakes With Balance Transfer Credit Cards

The Motley Fool

Image source: Getty Images Credit card debt is a serious financial issue. The average credit card interest rate is a staggering 22.76%, according to Federal Reserve data. Because of how high rates are, credit card debt is both hard to pay off and can cost you a large amount of money in interest. A balance transfer card can be a powerful tool to get out of debt.

Debt 246
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Mytra Raises $78M in Funding

FinSMEs

Mytra, a San Francisco, CA-based three-dimensional robotics company, raised $78M in funding. Backers included Albertsons Companies. Mytra is also backed by investors, including Greenoaks, who led the company’s Series B, Eclipse, who led the previous seed and Series A rounds, in addition to Co-founder and Chairman of Okta Frederic Kerrest’s 515 Ventures, and individual investors, […] The post Mytra Raises $78M in Funding appeared first on FinSMEs.

Funds 115
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21 Invest mulls sale of $500m eye-care firm Sifi

Private Equity Wire

21 Invest, the private equity firm led by Italian businessman Alessandro Benetton, is weighing up a potential sale of Italian eye-care company Sifi after nearly a decade of ownership, according to a report by Bloomberg citing sources familiar with the matter. 21 Invest has reportedly enlisted the services of Mediobanca and Evercore Inc to explore potential interest in Sifi, with the firm expected to initiate the sale process after the summer, targeting both larger healthcare companies and privat

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Google parent and Wiz end talks on $23bn deal

Financial Times M&A

Alphabet had been in discussions to buy the Israeli cyber security company

Companies 111
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This Undervalued Stock Could Join Nvidia in the Trillion-Dollar Club

The Motley Fool

Semiconductor stocks have been in fine form on the stock market since the beginning of 2023, thanks to the terrific demand for chips used to power artificial intelligence (AI) servers, smartphones, and personal computers, among other things. The PHLX Semiconductor Sector index has shot up a terrific 115% since the beginning of last year, driven by the outstanding gains that the likes of Nvidia have clocked during this period.

Prospects 246
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Didero Raises $7M in Seed Funding

FinSMEs

Didero, a NYC-based AI procurement agent startup, raised $7M in Seed funding. The round was led by First Round Capital, with participation from Construct Capital, AI Grant, Box Group, Company Ventures, and Conviction. The company intends to use the funds to expand operations and its development efforts. Led by Tim Spencer, Tom Petit, and Lorenz Pallhuber, Didero […] The post Didero Raises $7M in Seed Funding appeared first on FinSMEs.

Funds 115