Sat.Feb 24, 2024

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Billionaire Investor David Tepper Has 46% of His Portfolio Invested in 5 Brilliant Artificial Intelligence (AI) Growth Stocks -- but Made Some Big Changes During the Quarter

The Motley Fool

David Tepper has developed quite a following on Wall Street. The billionaire heads up Appaloosa Management -- the hedge fund he founded back in 1993. He has been called "arguably the greatest hedge fund manager of his generation" by Forbes magazine and has "consistently outperformed his industry peers and the broader global markets since [Appaloosa's] inception," according to Carnegie Mellon University.

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Asset managers’ green U-turn exposes energy transition cakeism

Financial Times: Moral Money

The narrative of a perfect correlation between doing good and doing well has broken down

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Here's Why You Should Never Put Medical Bills on a Credit Card

The Motley Fool

Image source: Getty Images Medical bills are an expense many of us have to deal with. And they have the potential to be exorbitant, even if you have health insurance. If you owe money in medical bill form, you may be inclined to charge those expenses on a credit card and pay it off when you can. But putting medical bills on a credit card can be a terrible idea.

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Marketing for Financial Advisors: Igniting Explosive Growth

Indigo Marketing Agency

Huge portions of the internet population are increasingly looking online for financial guidance. That means the right digital marketing for financial advisors can be the rocket fuel that propels unparalleled success. Let’s take a look at the advantages and techniques of effective digital marketing. Create Visibility With Marketing for Financial Advisors Building online visibility for your business should be your number-one priority.

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Is Capital One Trying to Become the Next American Express?

The Motley Fool

The big news in banking this week is that Capital One Financial (NYSE: COF) is acquiring Discover Financial Services (NYSE: DFS). Capital One is the ninth-largest U.S. bank by assets, and Discover is a credit card network like Visa or Mastercard. Its model is more similar to American Express , just a lot smaller. Is that where Capital One is going? What does this do for Capital One?

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How a Marketing Agency Can Help You Rank for Wealth Management

Indigo Marketing Agency

Ever feel like your wealth management business is getting lost in the digital shuffle? Maybe even a little discouraged that your competitors always seem to rank higher in search results? Then this article is for you! As people flock to Google for financial advice, it’s more important than ever to stand out from your rivals. This is where partnering with a specialized marketing agency can make all the difference.

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KKR acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans

KKR

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”). Concurrently with the sale, BMO purchased approximately $6.4 billion of senior notes.

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Here's the Average Social Security Benefit at Age 67

The Motley Fool

For most retirees, Social Security doesn't just provide a check each month. America's top retirement program plays a key role in building a financial foundation for the country's aging workforce. Based on 22 years of annual surveys conducted by national pollster Gallup, between 80% and 90% of then-retired respondents noted they rely on their Social Security income , in some capacity, to make ends meet.

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ETCHE SELLS THE GALLIC PORTFOLIO, CONSISTING OF FIVE ASSETS IN THE LYON REGION

KKR

Paris, 18 December 2023 - Etche, KKR’s logistics real asset platform in France, has sold a portfolio of five assets located in the Lyon region, with a total area of approximately 29,000 square meters.

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3 Secrets of 401(k) Millionaires

The Motley Fool

We'd all like to be millionaires , and more people than you might think have already achieved that status. Fidelity Investments should know, as it boasts more than $11 trillion in assets under management and more than 43 million investors served -- many via 401(k) accounts. According to Fidelity, there were 378,000 millionaires with 401(k) accounts in the second quarter of 2023, up 10% from the year-earlier period.

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KKR Announces Intra-Quarter Monetization Activity Update for the Fourth Quarter

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced a monetization activity update for the period from October 1, 2023 to December 21, 2023. Based on information available to us as of today, with respect to the period through December 21, 2023, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $500 million.

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Forget Nvidia: AMD Could Be Super Micro Computer's New Best Friend

The Motley Fool

Super Micro Computer (NASDAQ: SMCI) , more commonly known as Supermicro, has seen its stock skyrocket by 2,220% over the past three years. That stunning rally was fueled by the rapid expansion of the artificial intelligence ( AI ) market, which drove data center operators to purchase more of its high-performance AI servers. A lot of Supermicro's growth can be directly attributed to Nvidia (NASDAQ: NVDA) , which provides the high-end GPUs that process complex machine learning and AI tasks.

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KKR Completes Acquisition of Remaining 37% of Global Atlantic

KKR

NEW YORK & HAMILTON, Bermuda--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) and The Global Atlantic Financial Group LLC (together with its subsidiaries, “Global Atlantic”) today announced the closing of the previously-announced transaction in which KKR is acquiring the remaining 37% of Global Atlantic, increasing KKR’s ownership to 100%. This press release features multimedia.

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5 Tips for Your First Time Flying Business Class

The Motley Fool

Image source: Getty Images If you have your first flight in business class coming up, you're probably excited. I know I was -- and still am, every time. It's one of those travel upgrades that never gets old. You also probably want to make the most of that business-class ticket. They don't come cheap, after all, whether you pay in cash or miles you earned using travel credit cards.

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KKR Launches New Digital Global Education Platform for Financial Advisors and Individual Investors

KKR

Platform to help fill the knowledge gap around the alternatives landscape, which has long served as a barrier to private markets investing NEW YORK--(BUSINESS WIRE)-- Today, KKR, a leading global investment firm, unveiled “KKR Alternatives Unlocked,” a digital platform designed to empower financial advisors and their clients to better understand the alternatives investing landscape.

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Is It Too Late to Buy SentinelOne Stock?

The Motley Fool

Cybersecurity firm SentinelOne (NYSE: S) has seen its stock surge so far in 2024. In fact, the share price more than doubled from a 52-week low of $12.43 last June to a high of $30.76 this past Valentine's Day. SentinelOne's share price hit a high on Feb. 14 thanks to Bank of America upgrading the stock from a neutral rating to a buy. With shares still hovering near this high, it's fair to wonder whether it's now too late to buy SentinelOne stock.

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KKR & Co. Inc. to Announce Fourth Quarter 2023 Results

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the fourth quarter 2023 on Tuesday, February 6, 2024, before the opening of trading on the New York Stock Exchange. A conference call to discuss KKR’s financial results will be held on Tuesday, February 6, 2024 at 10:00 a.m. ET.

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Intel Foundry Wins "Magnificent Seven" Customer as Backlog Rockets Past $15 Billion

The Motley Fool

Semiconductor giant Intel (NASDAQ: INTC) has an ambitious plan to become the world's second-largest foundry by 2030. The company is in the middle of rolling out five process nodes in four years. If all goes according to plan, Intel will effectively erase the manufacturing edge that foundry leader TSMC has built up by the start of 2025. Intel's foundry business isn't producing much revenue right now, but the company disclosed that it had secured more than $10 billion of business when it last repo

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KKR acquires two Multi-Family blocks at Wembley Park from Quintain

KKR

London, 22 January 2024 – KKR, a leading global investment firm, today announces the acquisition of two high-quality, purpose Build-to-Rent (BtR) multi-family buildings from Quintain, the developer and asset manager behind Wembley Park, for an undisclosed sum.

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The Little-Known Social Security Do-Over Option Could Get Retirees a Bigger Benefit

The Motley Fool

The best age to claim Social Security depends on personal circumstances. That said, several studies have shown that most retirees with normal life expectancies will maximize lifetime spending power by claiming benefits at age 70. However, very few people actually wait that long. In any given year, about nine in 10 newly awarded retirees start Social Security before age 70, and more than two in 10 start Social Security as soon as possible (age 62), meaning they get the biggest possible benefit re

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KKR Provides Global Accounts Receivable Facility to Weber LLC

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced that its private credit funds and accounts have provided a non-recourse accounts receivable financing for Weber LLC (“Weber”), the global leader in outdoor cooking products, innovation, and technology, to support the company’s operations and strategic investments in long-term growth. The initial $200 million facility is collateralized by certain.

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SoundHound AI Stock: Buy, Sell, or Hold?

The Motley Fool

Fool.com contributor Parkev Tatevosian evaluates SoundHound (NASDAQ: SOUN) AI and determines whether the stock is a buy for long-term investors. *Stock prices used were the afternoon prices of Feb. 20, 2024. The video was published on Feb. 22, 2024. Should you invest $1,000 in SoundHound AI right now? Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoundHound AI

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Optio Investment Partners, Kennedy Lewis Investment Management and KKR announce multi-year financing agreement

KKR

Stockholm and London, 23 January, 2024 – Optio Investment Partners (“Optio”), an innovative credit platform, Kennedy Lewis Investment Management (“Kennedy Lewis”), a leading alternative credit manager, and KKR, a leading global investment firm, today announced a multi-year, multi-jurisdiction agreement. Under this agreement, Kennedy Lewis and KKR will provide asset-based funding to support the Optio Auto Evolution strategy, driving next generation auto financing.

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No, Walmart Doesn't Want to Compete With Roku. It's Going After 1 Rival Worth $1.75 Trillion

The Motley Fool

On Feb. 13, connected TV platform company Roku (NASDAQ: ROKU) shed hundreds of millions from its market capitalization following a report that retail giant Walmart (NYSE: WMT) is trying to buy TV manufacturer Vizio (NYSE: VZIO) for $2 billion. Based on the market's knee-jerk reaction to this news, investors are clearly worried about the competitive threat for Roku.

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KKR Closes US$6.4 Billion Asia Pacific Infrastructure Investors II Fund

KKR

Fund is largest pan-regional infrastructure fund to have been raised for Asia Pacific More than half of the Fund already invested or committed across ~10 investments HONG KONG--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the final close of KKR Asia Pacific Infrastructure Investors II SCSp (the “Fund”), a US$6.4 billion fund focused on infrastructure-related.

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1 Stock I'd Drop From the "Magnificent Seven" and 1 I'd Add

The Motley Fool

The "Magnificent Seven" is a collection of companies called out as market leaders by CNBC's Jim Cramer. They are: Microsoft Apple Nvidia Alphabet Amazon Meta Platforms Tesla This group has had a phenomenal run since 2023, but there could be some changes. One of these companies' results stands out in stark contrast to the others, and I think it warrants removal from the group and replacement with another.

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ContourGlobal appoints Antonio Cammisecra as Chief Executive Officer

KKR

London, 5 February 2024 – ContourGlobal Ltd. (“ContourGlobal”), a developer, owner and operator of power generation assets around the world, today announces the appointment of Antonio Cammisecra as CEO, effective 2 February, 2024.

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5 Ways to Live Like a Millionaire on a Budget

The Motley Fool

Image source: Getty Images In a world where the lifestyles of the rich and famous are constantly flaunted across social media and television, it's easy to find ourselves daydreaming about private jets, personal trainers, and gourmet meals prepared by our own chefs. However, these luxuries seem as attainable for most of us as a trip to Mars. But what if you could get a slice of this opulent life without winning the lottery?

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KKR & Co. Inc. Reports Fourth Quarter 2023 Results

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) today reported its fourth quarter 2023 results, which have been posted to the Investor Center section of KKR’s website at [link] This press release features multimedia. View the full release here: [link] A conference call to discuss KKR’s financial.

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Is Alphabet a Millionaire Maker?

The Motley Fool

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is one of the most disrespected stocks on Wall Street. Despite increasing its revenue growth pace and improving margins throughout 2023, it seemingly doesn't garner a premium valuation, unlike its tech peers. As a result, Alphabet's stock has fallen from its solid place as the third-largest U.S. company to the fifth, with Nvidia and Amazon , depending on the daily market fluctuations, passing it.

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KKR to Present at the Bank of America Securities Financial Services Conference 2024

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Robert H. Lewin, Chief Financial Officer, will present at the Bank of America Securities Financial Services Conference 2024 on Wednesday, February 21, 2024 at 10:30AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For.

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Trying to Decide When to Claim Social Security? This Number Could Help You Decide.

The Motley Fool

Retirement is often a time of celebration, but there is no shortage of decisions recent retirees have to make. One of the most important is when they will claim Social Security since these benefits account for a significant portion of income for millions of Americans in retirement. Unfortunately, the decision isn't straightforward because varying personal situations require different approaches and considerations.

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KKR’s Henry McVey Says Leading Family Offices Plan to Allocate More to Alternatives in 2024

KKR

New Asset Allocation Report Based on Proprietary Survey Highlights the Growth Ambitions of Family Offices NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released “Loud and Clear,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA). Based on a proprietary survey of more than 75 Chief Investment Officers.

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Will the Bitcoin Halving Create Overnight Millionaires?

The Motley Fool

Now that the initial euphoria around the new spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) has started to fade, it's time to move on to the next major catalyst for Bitcoin : the halving event in April. According to a growing number of analysts, this could really send its price soaring. In fact, according to Bitcoin ETF issuer Grayscale (NYSEMKT: GBTC) , the impact of this halving could exceed any of the three previous Bitcoin halvings.