Thu.Jun 29, 2023

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Why Greenbriar Companies Stock Chugged Higher Today

The Motley Fool

What happened Shares of railroad freight car manufacturer Greenbriar Companies (NYSE: GBX) surged 25% through 11:30 a.m. ET on Thursday after crushing analyst earnings forecasts like, well, a freight train. Heading into its fiscal third quarter of 2023, analysts had forecast Greenbriar would earn $0.58 per share on quarterly sales of $898.8 million.

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GMF Capital scoops up digital media platform Motorsport Network Media

PE Hub

The deal also includes the Motorsport Network brand name, as well as Motorsport.tv, a video platform for live and on demand streaming, and the Autosport Awards, a motorsport racing annual awards ceremony. The post GMF Capital scoops up digital media platform Motorsport Network Media appeared first on PE Hub.

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DoorDash Introduces Hourly Pay for Dashers

The Motley Fool

Image source: Getty Images What happened On June 28, DoorDash announced in a news release that it would give Dashers more flexibility, by allowing them to choose between two ways to earn money while making deliveries on the platform. Dashers can now choose whether to earn by time or earn per offer. The earn-by-time option will allow Dashers to be paid a guaranteed hourly rate for their time spent on a delivery, plus keep 100% of the tips they earn.

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Qualtrics private again with close of $12.5bn private equity deal

Private Equity Insights

Qualtrics, the software company behind an experience management platform used by thousands of companies such as Uber, Coca-Cola and Pfizer, has accepted a $12.5 billion all-cash offer from private equity firm Silver Lake and Canada Pension Plan Investment Board (CPP Investments). The confirmation comes exactly a week after news of the acquisition bid first came to light, and some two years after SAP spun the business out as an independent publicly traded company, having bought it back in 2018 fo

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5 Reasons People Have Their Sam's Club Membership Revoked

The Motley Fool

Image source: Getty Images If you like shopping at Sam's Club, the last thing you want is to lose your membership. Since it has a large selection and reasonable prices, it's a great place to shop without too much of a hit to your finances. Fortunately, Sam's Club doesn't go around canceling people's memberships for no reason. That wouldn't be a great way to run a membership club.

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ARC Financial invests in fleet electrification firm Gage Zero

PE Hub

Along with financial partners, Gage and Arc plan to deploy upwards of $300 million in equity to develop electric vehicle charging infrastructure solutions for fleet customers. The post ARC Financial invests in fleet electrification firm Gage Zero appeared first on PE Hub.

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Pan Management’s OneRock Energy Holdings to buy Northwoods Energy

PE Hub

The deal is expected to close in the third quarter of 2023. The post Pan Management’s OneRock Energy Holdings to buy Northwoods Energy appeared first on PE Hub.

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3 Reasons to Buy Cava Group Stock in July

The Motley Fool

Investors are hungry for this month's hottest initial public offering (IPO). It's been two weeks since Cava Group (NYSE: CAVA) had its highly anticipated market debut. The rapidly expanding chain of 263 fast-casual restaurants specializing in Mediterranean cuisine priced its offering at $22 a share, and went on to roughly double. Is it too late to place an order?

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Innovatus-backed Meet the People buys digital agency Saltwater Collective

PE Hub

Meet the People was founded by Tim Ringel in 2021. The post Innovatus-backed Meet the People buys digital agency Saltwater Collective appeared first on PE Hub.

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Here's What Happens When You Apply for Life Insurance as a Smoker

The Motley Fool

Image source: Getty Images Smoking is a fairly expensive habit to uphold. The average cost of a pack of cigarettes is $8, according to World Population Review. If you smoke a pack a day, that means that in the course of a year, you're spending $2,920 on cigarettes -- and that assumes you only smoke one pack daily and that your cigarettes don't cost more.

Companies 246
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Madison Dearborn-backed Navacord buys Mitchell McConnell Insurance

PE Hub

Mitchell McConnell is a Saint John, New Brunswick-based brokerage offering risk management services, property and casualty insurance and life and accident coverage. The post Madison Dearborn-backed Navacord buys Mitchell McConnell Insurance appeared first on PE Hub.

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Tech's Love Affair With Advertising Needs Serious Counseling

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. Advertisers aren't sure you're really listening. This week, a study by advertising research firm Adalytics said that video ads appearing on Google-owned YouTube violated its promise to advertisers 80% of the time by making the ads eminently ignorable.

Companies 246
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Inovia Capital’s Michael McGraw: LGBTQ+ is an asset

PE Hub

'I very much see finance as a way to multiply the vision of the world I have.' The post Inovia Capital’s Michael McGraw: LGBTQ+ is an asset appeared first on PE Hub.

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Sony secures the cloud

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. Sony wants to lock down the cloud: The company filed a patent application for configurations for the " secure use of cloud technology." Sony's system is essentially trying to prevent misconfigurations that happen when a business sets up shop in a cloud environment.

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Blue Point-backed Weaver Leather buys dog products brand Rex Specs

PE Hub

Founded in Mount Hope, Ohio, Weaver is a provider of brands in the equine, pet, leather crafting, arborist, livestock and construction markets. The post Blue Point-backed Weaver Leather buys dog products brand Rex Specs appeared first on PE Hub.

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Why Dividend Investors Must Watch Bank Stocks Now

The Motley Fool

The stock market moved generally higher on Thursday. However, many tech stocks took somewhat of a breather after strong gains in the recent past, allowing some other sectors of the market to lead Wall Street higher. Investors paid close attention to the results of the Federal Reserve 's stress test on banks. With favorable conclusions, many investors who look to financial stocks as sources of generous levels of dividend income are hopeful that they could see payout increases in the days to come.

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Flying high: 6 PE-backed aviation deals

PE Hub

Bain Capital, New State Capital Partners, AE Industrial Partners, Nexus Capital Management are investing in aircraft parts and services. The post Flying high: 6 PE-backed aviation deals appeared first on PE Hub.

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Which State Has the Most Expensive Pizza? The Answer May Surprise You

The Motley Fool

Image source: Getty Images I'm a big fan of pizza. I usually order a pizza at least twice a month. It 's definitely not the healthiest dinner choice, but the cheesy goodness makes even my most challenging day more delicious. The cost of a pizza can vary greatly depending on what part of the country you live in, the restaurant you order it from, and your preferred topping choices.

Financing 246
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HCI-backed Tech24 buys Harris Warren Commercial Kitchen Service

PE Hub

Tech24 is a provider of repair and maintenance services for foodservice and commercial HVAC equipment. The post HCI-backed Tech24 buys Harris Warren Commercial Kitchen Service appeared first on PE Hub.

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Cathie Wood Sold Tesla Stock to Buy Robinhood Stock. Here's Why

The Motley Fool

In this video, I will talk about Robinhood (NASDAQ: HOOD) , why Ark Invest recently sold shares of Tesla to buy Robinhood stock, and my reason behind opening a small position in the fintech company earlier this week. Since Robinhood went public, the stock is down 70%. *Stock prices used were from the trading day of June 28, 2023. The video was published on June 29, 2023. 10 stocks we like better than Robinhood Markets When our analyst team has a stock tip, it can pay to listen.

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EQT-backed Kodiak debuts IPO

PE Hub

The stock began trading June 29, 2023 on the New York Stock Exchange under the ticker symbol "KGS." The post EQT-backed Kodiak debuts IPO appeared first on PE Hub.

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Is a Costco Executive Membership Worth the Cost?

The Motley Fool

Image source: Getty Images There are two main categories of Costco memberships that individuals can buy. The basic membership -- formally known as a Gold Star membership -- costs $60 per year and includes access to Costco's warehouse clubs and adjacent businesses such as its gas stations and tire centers. There's also the Executive membership, which costs $120, or exactly twice as much as the Gold Star level.

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Capstreet-backed Incentive Solutions taps Lupo as CRO

PE Hub

Atlanta-based Incentive is a provider of channel marketing and sales solutions. The post Capstreet-backed Incentive Solutions taps Lupo as CRO appeared first on PE Hub.

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7 Best Dividend Stocks to Buy Now in July 2023

The Motley Fool

Today, I provide my seven best dividend stocks to buy for the month of July 2023. Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio. Compound interest is often called the eighth wonder of the world, and dividends are a great way to accelerate your wealth. Two of my favorite dividend stocks on the list are AbbVie (NYSE: ABBV) and Visa (NYSE: V).

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General Atlantic reinvests in Authentic Brands Group; Carlyle and Stellex close Titan deal

PE Hub

Carlyle and Stellex sell Titan to Lone Star. The post General Atlantic reinvests in Authentic Brands Group; Carlyle and Stellex close Titan deal appeared first on PE Hub.

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What Will Amgen Buy Next?

The Motley Fool

Biotech heavyweight Amgen (NASDAQ: AMGN) will probably continue to be an active player in the merger and acquisition (M&A) scene, regardless of what happens with its proposed $28 billion buyout of Horizon Therapeutics (NASDAQ: HZNP). Even with Horizon and its lineup of specialty branded medications in the fold, Amgen would benefit from adding more products and pipeline candidates to its portfolio because it faces two major challenges.

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Congruent invests in manufacturer AAA Fabrication

PE Hub

AAA was founded in 2010 by Richard Alldredge. The post Congruent invests in manufacturer AAA Fabrication appeared first on PE Hub.

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1 Magnificent AI Stock Not Named Nvidia That's Crushing the Market and Isn't Done Yet

The Motley Fool

Artificial intelligence (AI) has given Nvidia (NASDAQ: NVDA) a massive boost in the past six months as it has become evident that the chipmaker is going to play a mission-critical role in the proliferation of this technology. Nvidia stock has soared roughly 190% this year, and that rally seems justified, as the boom in AI adoption has created a massive demand for the company's graphics cards.

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Authentic Brands Group snags $500m from GA

PE Hub

General Atlantic first partnered with Authentic in October 2017. The post Authentic Brands Group snags $500m from GA appeared first on PE Hub.

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Could AI Reignite Growth at Amazon's AWS?

The Motley Fool

Last year, Amazon (NASDAQ: AMZN) struggled with various economic headwinds, as well as other company-specific challenges. That led it to report its first annual loss in nearly a decade, and its shares dropped almost 50%. Things may be looking up, though. The company has made progress on its recovery plan, significantly reducing the outflow of cash and increasing operating income.

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Carlyle and Stellex sell ship repair services provider Titan to Lone Star

PE Hub

Key Titan customers include the U.S. Navy, U.S. Coast Guard, Military Sealift Command, U.S. Army and Boeing. The post Carlyle and Stellex sell ship repair services provider Titan to Lone Star appeared first on PE Hub.

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Why Visa Rallied Today

The Motley Fool

What happened Shares of Visa (NYSE: V) were rising in Thursday trading, up 2.8% as of 1:36 p.m. ET. Visa's revenue and profits are based on payment volumes running over its global payments rails. That growth is tied to both the pace of card-based payments displacing cash and checks, as well as general economic activity. Today, a new batch of U.S. economic numbers came in better than expected, which bodes well for economically sensitive stocks like Visa.

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Frontenac Adds Two to MCE

Private Equity Professional

Motion & Control Enterprises, a portfolio company of Frontenac, has acquired Power & Pumps and Industrial Control Services. Motion & Control Enterprises (MCE) is a supplier of more than 50,000 SKUs of fluid power, automation, flow control, compressed air and lubrication products to more than 23,000 MRO and OEM customers. MCE operates from 37 facilities… This content is for members only.

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1 Ultra-High-Yield Stock I Wouldn't Touch With a 10-Foot Pole (and 1 I'd Buy Hand Over Fist)

The Motley Fool

I love buying high-yielding dividend stocks. They enable me to generate lots of passive investment income, which I reinvest to buy more income. I should eventually generate enough to completely offset my living expenses. However, as much as I love collecting dividend income, I've learned the hard way to avoid the high-yielding payouts of companies with deteriorating finances, because they put the dividend at a high risk of a future reduction.