Sat.Aug 05, 2023 - Fri.Aug 11, 2023

article thumbnail

3 Social Security Changes Retirees Can Expect in 2024

The Motley Fool

More than 49 million retired workers received a Social Security check in June 2023, and the vast majority of those individuals depend on monthly benefits to some degree, according to Gallup. For that reason, retired workers need to stay current on the program. Social Security undergoes several changes on an annual basis, and understanding those changes can help beneficiaries better budget their money.

246
246
article thumbnail

PE firm KKR acquires $373m portfolio of Synovus Bank’s prime auto loans

Private Equity Insights

Private equity giant KKR said on Tuesday it had acquired a $373m portfolio of prime auto loans from Synovus Bank. Shares of Synovus Financial, the parent company of the bank, rose 2.8% in extended trading. KKR, which made the investment through its private credit funds and accounts, said the deal aligns with its asset-based finance strategy. The sale comes as regional banks shed consumer loan portfolios to reduce risk in a rising interest rate environment and look to improve balance sheet liquid

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Warren Buffett Owns 40 Million Shares of This Automaker -- Is It Poised to Pop?

The Motley Fool

When Warren Buffett talks, investors tend to listen. When Buffett buys and sells stocks, thousands of people follow and track every move. For investors trying to ride the future wave of autonomous and electric vehicles, glancing at Berkshire Hathaway's holdings could give insight to which automaker the Oracle of Omaha favors. While the list of stocks Berkshire Hathaway owns is a who's who of massively successful companies, only one is an automaker -- and it likely isn't the one you'd guess.

article thumbnail

3 Steps to Retiring a Millionaire While Barely Lifting a Finger

The Motley Fool

Retiring with $1 million or more may seem like a lofty goal. But as retirement becomes more expensive, it's a realistic target for many older adults. In fact, the average worker expects to need around $1.7 million to retire comfortably, according to a 2022 survey from Charles Schwab. While it's not always easy to retire a millionaire, it is attainable -- even if you're not wealthy or a stock market expert.

article thumbnail

Which Companies Will Be Winners in the AI Arms Race?

The Motley Fool

One of my favorite technology research analysts is Dan Ives of Wedbush Securities. About a month ago he referred to the boom in artificial intelligence (AI) as a "1995 moment" for the technology sector. For those of you who don't get the reference, he's talking about the widespread adoption of the internet and how it impacted the world thereafter. I've been suspicious for a while that AI is quickly mutating into Wall Street's new favorite buzzword (a la "metaverse" or "blockchain").

Companies 246
article thumbnail

Here's Why What Happened to Yellow (Probably) Won't Happen to UPS

The Motley Fool

Earlier this week, trucking company Yellow Corporation (NASDAQ: YELL) filed a Chapter 11 bankruptcy petition with the Delaware district's U.S. Bankruptcy Court, simultaneously announcing it would begin winding down all operations. The company's been largely unprofitable for years now, and with no end to these losses in sight, CEO Darren Hawkins notes, "It is with profound disappointment that Yellow announces that it is closing after nearly 100 years in business.

More Trending

article thumbnail

Chipotle Stock: Buy the Dip?

The Motley Fool

Chipotle Mexican Grill (NYSE: CMG) , the renowned fast-casual restaurant chain, has seen its stock take a hit since it released its second-quarter 2023 earnings late last month. The stock has pulled back nearly 12% since the report. Is this a buying opportunity, or should investors hope for an even better price before taking the plunge and buying shares of this enduring company?

Investors 246
article thumbnail

Warren Buffett's Favorite Stock Just Did Something It Hasn't Done Since 2016

The Motley Fool

When examining Warren Buffett's Berkshire Hathaway investment portfolio, it's hard to deny what his favorite stock is. With around 45% of the portfolio wrapped up in Apple (NASDAQ: AAPL) stock, it's pretty clear he prefers this company over others (especially considering the next-highest weight in his portfolio is 9%). However, Apple just did something it hasn't done in seven years.

article thumbnail

This 7.3%-Yielding Dividend Stock Remains an Excellent Income Investment

The Motley Fool

Enbridge (NYSE: ENB) has an exceptional history of paying dividends. The Canadian pipeline and utility giant has increased its payout for 28 straight years. Fueling that steady growth is Enbridge's ability to expand its network of income-producing energy infrastructure assets. The company remains an excellent option for income-seeking investors. That was clear again this quarter as it produced steady results and continued making progress in securing new sources of earnings growth.

Investing 246
article thumbnail

Better Buy: XRP or Polygon?

The Motley Fool

Among the list of top cryptocurrencies trading for less than $1, two names stand out: XRP (CRYPTO: XRP) and Polygon (CRYPTO: MATIC). XRP and Polygon are trading at nearly the same price range ($0.60 to $0.70), and both are top-15 cryptocurrencies by market cap. But the fortunes of the two have diverged widely this year -- XRP is up almost 90%, while Polygon is down nearly 10% for the year.

article thumbnail

Is AT&T Stock a Buy Now?

The Motley Fool

U.S. telecom company AT&T (NYSE: T) might be the latest example of a stock that seems like it can't go much lower -- shares of the company trade for roughly $14 each, their lowest price since the mid-1990s. But there must be a bottom. After all, AT&T is the leading wireless carrier in the United States, and the company is doing some positive things in its core wireless business.

Debt 246
article thumbnail

Bull Market Indicator or Bear Market Rally? History's Message for Where Stocks Could Head Next

The Motley Fool

The Invesco QQQ (NASDAQ: QQQ) ETF has been on a tear so far in 2023. Here's what history shows as a possibility for what could happen next. Of course, technical analysis is not some magical crystal ball, and long-term investors always prosper, but these three charts are something to be aware of as we move to a seasonally weak period for the stock market.

article thumbnail

Why Beyond Meat Stock Got Squashed This Week

The Motley Fool

What happened Shares of Beyond Meat (NASDAQ: BYND) were taking a dive as the plant-based meat company posted another round of dismal results in its latest earnings report. The news comes as the protein industry in general is struggling. Tyson Foods also issued disappointing numbers; showing that Beyond Meat and the rest of the industry are failing to convert people away from animal-based meat.

article thumbnail

Here's What Happens When You Get a New Job Right Before Applying for a Mortgage

The Motley Fool

Image source: Getty Images If you're in the market for a new job this year, you're not alone. Data from Monster.com shows that 96% of workers are seeking out a new job in 2023. But while a new job might do a lot of good things for your finances and career, it might also cause some problems if you have near-term plans to apply for a mortgage. Why a new job could be problematic Mortgage lenders look at different factors to determine whether to write a loan or not.

Debt 246
article thumbnail

Can I Retire at 30 With $1 Million?

The Motley Fool

Image source: Getty Images Early retirement has become a popular goal. You don't have to search long to find all kinds of online communities built around the concept of FIRE, which is short for "financial independence, retire early." If you've already saved $1 million at 30, you may be wondering if you have enough to retire. No one wants to run out of money because they retired too soon, so here's what to consider before making that decision.

Financing 246
article thumbnail

This Unstoppable Nasdaq Stock Could Jump Another 80%

The Motley Fool

The Nasdaq Composite index has been in fine form so far this year with gains of 31%, driven by an impressive rally in tech stocks that are benefiting from the cooling inflation and the growing popularity of trends such as artificial intelligence and cloud computing. Confluent (NASDAQ: CFLT) , which is one of the components of the Nasdaq Composite index, has benefited big time from this surge as its shares are up nearly 52% in 2023.

Banks 246
article thumbnail

Is It Too Late to Buy Palantir Technologies Stock?

The Motley Fool

Palantir Technologies (NYSE: PLTR) has been on fire in 2023, driven higher by the excitement surrounding artificial intelligence (AI) and a broad rebound in technology stocks. Shares of the data mining and AI specialist are up 159% so far this year, nearly 10 times the 16% gains of the S&P 500. This is in stark contrast to its performance last year, when the stock lost more than 64%.

Stakes 246
article thumbnail

Want $100 in Super Safe Annual Dividend Income? Invest $905 Into the Following 3 Ultra-High-Yield Stocks

The Motley Fool

There are a lot of ways to make money on Wall Street. Buying dividend stocks just happens to be one of the smartest and safest strategies to build wealth and generate income. Approximately 10 years ago, the wealth management division of money-center bank JPMorgan Chase , J.P. Morgan Asset Management, released a report that compared the returns of publicly traded companies initiating a dividend and growing their payout over a period of 40 years (1972 to 2012) to publicly traded companies that did

Debt 246
article thumbnail

Where Will Airbnb Stock Be in 5 Years?

The Motley Fool

Buying an unprofitable growth stock is always taking a chance. That's why the rewards are often fantastic, especially when the company begins to post profits. It didn't quite work out this way for travel giant Airbnb (NASDAQ: ABNB) , whose stock shot up amid great fanfare when it went public, only to fall in the bear market even as it was growing its profits.

article thumbnail

Can AMD Dethrone Nvidia as an AI King? This One Chart Shows If It Can.

The Motley Fool

In the world of artificial intelligence (AI) hardware, Nvidia (NASDAQ: NVDA) reigns supreme. However, another competitor also has a solid AI product lineup: AMD (NASDAQ: AMD). While AMD's technology isn't at the same level as Nvidia's in the AI space, it's still quite good and is often considered by many clients before spending significantly on a data center.

Investors 246
article thumbnail

2 Tech Stocks to Buy on the Dip

The Motley Fool

Shares of PubMatic (NASDAQ: PUBM) and DigitalOcean (NYSE: DOCN) tumbled after each company reported its own disappointing quarterly results. PubMatic is struggling with a tough digital advertising market and the impact of a one-off industry bankruptcy, while DigitalOcean is seeing its customers grow increasingly cautious with spending. While both companies are facing significant headwinds, long-term investors would be wise to consider picking up shares at beaten-down prices.

Debt 246
article thumbnail

Why Infinera Rallied Today

The Motley Fool

What happened Shares of optical transceiver stock Infinera (NASDAQ: INFN) were climbing in Thursday trading, up 12.7% on the day. The company reported earnings last night, and while the initial reaction after hours was negative, it appears investors took a more optimistic take on the release and commentary today. Also, given that a high percentage of Infinera's shares were sold short heading into the release, there may be some short covering going on as things turned out not as bad as feared.

article thumbnail

Can Polygon (MATIC) Reach $10?

The Motley Fool

The Polygon (CRYPTO: MATIC) crypto token has a total market footprint of $6.4 billion today. That's the 11th largest name on today's crypto market. Still, it's a long way behind the $221 billion market cap of Ethereum (CRYPTO: ETH) , the smart contracts platform and fundamental cryptocurrency that Polygon was designed to improve. At $0.68 per token, Polygon's coin price also lags far behind Ethereum's $1,850 price tag.

article thumbnail

3 Signs Claiming Social Security at 70 Is a Bad Choice for You

The Motley Fool

Many people opt to file for Social Security at age 62 because it's the earliest age at which to sign up. But if you don't wait until full retirement age (FRA) to claim benefits, yours will be reduced on a permanent basis. FRA is either 66, 67, or somewhere in between, depending on your year of birth. There's also the option to delay your Social Security filing past FRA.

246
246
article thumbnail

Better Artificial Intelligence Stock: Amazon vs. Microsoft

The Motley Fool

The debut of OpenAI's ChatGPT last November captivated tech enthusiasts and forced the public to rethink what was possible with artificial intelligence (AI). Since then, countless businesses have added AI tools to their workflows in an effort to boost productivity. Increasing demand for AI services has led companies such as Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) to pivot their businesses toward developing the industry, adding several new AI features to their cloud platforms.

Companies 246
article thumbnail

1 Cryptocurrency I'd Buy Right Now

The Motley Fool

After a fast start to the year, Bitcoin (CRYPTO: BTC) has been in a holding pattern of late, unable to break decisively above the $30,000 mark. While Bitcoin is still up 79% for the year, it is actually down 2% over the past 30 days. But even with this recent sluggishness, Bitcoin is the one cryptocurrency I'd buy right now. There's a lot happening behind the scenes with Bitcoin, and I like what I see.

Assets 246
article thumbnail

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

The Motley Fool

Cathie Wood is back on the track. The co-founder CEO of the Ark Invest family of exchange-traded funds (ETFs) is rolling again with her aggressive style of disruptive growth stocks. Her largest ETF is up 44% in 2023, beating the market after back-to-back years of terrible returns. Is she ready to party like it's 2020 again? Ark Invest went shopping on Tuesday, and we know what she's buying and selling since Ark Invest puts out daily transaction reports.

article thumbnail

Is NovoCure Stock a Buy Now?

The Motley Fool

When it comes to oncology therapies, most people probably think about drugs, but NovoCure (NASDAQ: NVCR) has a radically different approach. Its portable anti-cancer device is already on the market, and it appears to be a helpful add-on treatment for glioblastoma. With time, it could nab further regulatory approvals for other indications, massively expanding its addressable market as a result.

article thumbnail

3 No-Brainer Stocks to Buy With $200 Right Now

The Motley Fool

If the past couple of years have taught investors anything, it's that Wall Street can be fickle. Investors have been taken on an emotional roller-coaster, with the major indexes launching to new highs in 2021, plummeting into a bear market in 2022, and roaring back through the first seven months and change of 2023. But while the stock market remains something of an enigma over short periods, it's been a surefire wealth creator when examined over decades.

article thumbnail

Why EV Battery Stock Solid Power Soared Today

The Motley Fool

What happened Shares of Solid Power (NASDAQ: SLDP) surged Wednesday morning and were trading 11.6% higher as of 10:30 a.m. ET on the back of its quarterly earnings release. Solid Power is among the several start-ups trying to disrupt the electric vehicle (EV) battery market with alternatives to lithium-ion batteries. Solid Power's solid-state battery technology has already found some takers for testing and validation, and the company has now started large-scale production of its EV cells.

Capital 246
article thumbnail

Why PubMatic Stock Crashed 30 Percent Today

The Motley Fool

What happened Shares of PubMatic (NASDAQ: PUBM) lost 29.8% of their market capitalization through 10:05 a.m. ET today despite the company having reported a modest earnings beat last night. Heading into Q2 2023, analysts had forecast the cloud-based ad sales platform would lose $0.06 per share on $59.9 million in sales. PubMatic actually reported a $0.02-per-share profit , however, and sales of $63.3 million.

article thumbnail

Why Dutch Bros Stock Was Surging Today

The Motley Fool

What happened Shares of Dutch Bros (NYSE: BROS) were up 22% as of 10:54 a.m. ET on Wednesday after the company's second-quarter earnings results. While revenue missed estimates, adjusted earnings per share of $0.13 significantly beat the consensus estimate calling for $0.07. So what The market wasn't pleased with the company's first-quarter results, especially with the $9.4 million loss on the bottom line and a decline in same-shop sales.

Companies 246
article thumbnail

3 Incredible Artificial Intelligence Growth Stocks I'd Buy With $1,000 Right Now

The Motley Fool

If things continue at their current pace, 2023 will go down in history as the year artificial intelligence (AI) broke out. The viral debut of ChatGPT late last year was the catalyst for the ongoing AI revolution, and its shows no signs of slowing. Why all the excitement? Simply put, by identifying patterns within existing data, generative AI can create original content based on what it learns.

article thumbnail

1 Dividend Growth Stock Down 35% to Buy Right Now

The Motley Fool

It's been tough going lately for Tyson Foods (NYSE: TSN). Over the past year, its shares have declined over 35% -- and are off a painful 45% from their highs in 2022. The business is under a great deal of strain right now and investors are reacting as you might expect. However, chicken, beef, and pork are all cyclical businesses, and Tyson has successfully navigated downturns before.

Investors 246