Mon.Sep 11, 2023

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Why Virgin Galactic Stock Continued Its Descent Today

The Motley Fool

What happened Investors pushed down the share price of Virgin Galactic Holdings (NYSE: SPCE) once again today following the company's latest successful launch of customers into space last week. Despite Virgin Galactic's launch success, investors are likely concerned that the space stock won't turn a profit anytime soon. The stock was down by 6.5% as of 12:02 p.m.

Investors 246
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NMS Capital-backed DirectMed medical imaging equipment parts provider

PE Hub

DirectMed is a medical imaging parts, systems, and service company. The post NMS Capital-backed DirectMed medical imaging equipment parts provider appeared first on PE Hub.

Capital 223
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Warren Buffett's Highest-Yielding Stock Isn't Citigroup at 5%. He's Netting Almost 57% Annually From Another Top Holding.

The Motley Fool

Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been captivating Wall Street's attention for more than a half-century. Since taking control at Berkshire Hathaway in 1965, Buffett has overseen an aggregate gain in his company's Class A shares (BRK.A) of better than 4,400,000%, as well as doubled up the annualized total return, including dividends, of the benchmark S&P 500 (19.8% vs. 9.9%, as of Dec. 31, 2022).

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KKR to invest more than $1bn in USI Insurance Services

PE Hub

According to terms of the deal, KKR and USI will purchase shares of USI held by CDPQ and certain other investors. The post KKR to invest more than $1bn in USI Insurance Services appeared first on PE Hub.

Investing 211
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Zscaler Stock: Is the Price Right to Buy Yet?

The Motley Fool

Cloud-based cybersecurity company Zscaler (NASDAQ: ZS) continues to exceed all revenue growth expectations. The upstart security software provider just wrapped up its fiscal 2023 (which ended in July) and once again knocked it out of the park. Full-year sales were $1.62 billion, up 48% compared to 2022, well above management's guidance for as much as $1.59 billion provided just a few months ago.

Prospects 246
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Debt resolution services provider ClearOne snags investment from Comvest

PE Hub

The investment will be used to back ClearOne's growth initiatives. The post Debt resolution services provider ClearOne snags investment from Comvest appeared first on PE Hub.

Debt 209

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ICG’s interest in Enfinity powered by demand for solar energy and storage

PE Hub

Enfinity Global announced a €400m ($428m) equity commitment from ICG Infrastructure earlier in September. The post ICG’s interest in Enfinity powered by demand for solar energy and storage appeared first on PE Hub.

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Carnival Cruise Lines Stock: Buy, Sell, or Hold?

The Motley Fool

After a devastating pandemic shutdown and a reemergence, Carnival Cruise Lines (NYSE: CCL) is finally surpassing 2019 levels on several metrics. Ships are near full capacity, and pent-up demand for cruises has brought record bookings in an uncertain economy. Still, the question for investors is whether this recent performance will help the stock. Even though Carnival has surged this year, financial challenges remain.

Debt 246
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KKR invests $1bn to become majority stakeholder in USI; plus a deep dive into ICG’s new solar deal

PE Hub

Hello dealmakers. MK Flynn here with the Wire. It’s a tough morning, as we remember those lost in the US on this day 22 years ago, as well as those lost in Morocco over the weekend. We’ll take a moment to acknowledge those losses and then move onto private equity deal news of the day. […] The post KKR invests $1bn to become majority stakeholder in USI; plus a deep dive into ICG’s new solar deal appeared first on PE Hub.

Investing 201
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Why Canopy Growth, Aurora Cannabis, and Tilray Stocks All Exploded Higher Today

The Motley Fool

What happened Marijuana stocks lit up the stock market again on Monday, with shares of Tilray Brands (NASDAQ: TLRY) , for example, gaining 9.4% through 1:25 p.m. ET. Gains at two of the three other best-known publicly traded marijuana stocks, however, did much, much better, with Canopy Growth (NASDAQ: CGC) rising 54% and Aurora Cannabis (NASDAQ: ACB) rocketing an astounding 74%.

Legal 246
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Apogem Capital recruits Niedner as senior managing director and credit head

PE Hub

Prior to joining Apogem, Niedner served as managing director at Vista Credit Partners. The post Apogem Capital recruits Niedner as senior managing director and credit head appeared first on PE Hub.

Capital 195
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Prediction: These 3 Magnificent Artificial Intelligence Growth Stocks Will Be Worth More Than $1 Trillion by 2035

The Motley Fool

Nvidia and Microsoft are often considered two of the best long-term plays on the booming artificial intelligence (AI) market. Nvidia's data center GPUs are essential for processing advanced AI tasks, and Microsoft is the top backer of OpenAI, the red-hot AI start-up that created ChatGPT and DALL-E. Yet Nvidia and Microsoft already have market caps of $1.1 trillion and $2.5 trillion, respectively.

Investors 246
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Charger hires Parks as managing director

PE Hub

In addition to Parks, Charger has also hired Audrey Chambers as a new associate to its investment team and Yoni Sassoon as vice president of finance. The post Charger hires Parks as managing director appeared first on PE Hub.

Financing 194
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Palantir vs. C3.ai: Which Potentially Explosive Growth Stock Is the Better Buy for the Dawning Artificial Intelligence (AI) Revolution?

The Motley Fool

Excitement surrounding artificial intelligence (AI) has helped power explosive gains for a select group of stocks in 2023. Within that category, Palantir Technologies (NYSE: PLTR) is up 137% year to date, and C3.ai (NYSE: AI) has soared 147% across the stretch. Which of these high-risk, high-reward growth stocks is better positioned to deliver big wins for long-term investors?

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Comvest taps Landrum as partner and IR head

PE Hub

In this role, Landrum will manage Comvest’s relationships with investors globally across the firm’s private equity, direct lending, and special opportunities investment strategies. The post Comvest taps Landrum as partner and IR head appeared first on PE Hub.

Investors 192
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Why Shares of EyePoint Pharmaceuticals Were Rising Monday

The Motley Fool

What happened Shares of EyePoint Pharmaceuticals (NASDAQ: EYPT) were up more than 20% as of 2:30 p.m. ET on Monday after the healthcare company announced interim masked trial data for its lead therapy to treat two different eye diseases. The stock is up more than 36% so far this year. So what EyePoint is a pharmaceutical company that specializes in therapies for serious eye diseases.

Debt 246
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ShawKwei snaps up chemical decontamination firm ZymeFlow

PE Hub

The sellers include Thompson Street Capital Partners. The post ShawKwei snaps up chemical decontamination firm ZymeFlow appeared first on PE Hub.

Capital 210
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Why fuboTV Stock Popped and Then Dropped Today

The Motley Fool

What happened Shares of fuboTV (NYSE: FUBO) were taking a dive after initially popping early this morning as the sports-based streaming service responded poorly to news that Disney (NYSE: DIS) and Charter Communications (NASDAQ: CHTR) had resolved a dispute that started at the beginning of the month and had led to the removal of Disney's channels from Charter's Spectrum cable service.

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CAI Capital-backed LineStar acquires Western High Voltage Test Centre

PE Hub

LineStar is a distributor of powerline technician tools and safety equipment across Canada. The post CAI Capital-backed LineStar acquires Western High Voltage Test Centre appeared first on PE Hub.

Capital 186
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Is Chinese Upstart Temu an Amazon Killer?

The Motley Fool

Unless you've been living under a rock, it's hard not to have noticed the growth of the Chinese e-commerce platform Temu over the last year. After flooding the internet with advertisements and spending a boatload of money on two Super Bowl commercials, the PinDuoDuo -owned (NASDAQ: PDD) app has skyrocketed to the top of the downloads list for mobile app stores in the United States.

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Mill Rock-backed DRT scoops up manufacturer CMC

PE Hub

DRT provides specialized manufacturing solutions to the metal packaging, aerospace, and precision industrial segments. The post Mill Rock-backed DRT scoops up manufacturer CMC appeared first on PE Hub.

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IRS Announces Delay in Rule Change for Catch-Up Contributions

The Motley Fool

Image source: Getty Images Retirement accounts such as IRAs and 401(k)s allow older account owners to make additional contributions each year, known as catch-up contributions. The idea is to allow people who are getting close to retirement age to add more to their nest egg in the years leading up to leaving the workforce -- especially if they aren't on track for a comfortable retirement and need to "catch up.

Taxes 246
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Surge Private Equity invests in Elite Clinical Network

PE Hub

The transaction is valued at $200 million. The post Surge Private Equity invests in Elite Clinical Network appeared first on PE Hub.

Investing 216
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SBA Loan Rules Are Changing. Here's How That Could Be Good for Your Business

The Motley Fool

Image source: Getty Images As a small business , it can be hard to access the credit you need. That's even more the case in the current risk-averse economic climate. So much so that a survey earlier this year showed that over three-quarters of small business owners worried about accessing credit. This is why it's great news that the Small Business Association (SBA) has introduced sweeping changes that could make it easier for business owners to borrow money.

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Genstar-backed Cetera to take financial services firm Avantax private

PE Hub

The transaction puts Avantax at a valuation of $1.2 billion. The post Genstar-backed Cetera to take financial services firm Avantax private appeared first on PE Hub.

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These 3 Countries Have Amazing Incentives for Retirees Moving Abroad

The Motley Fool

Better weather, lower cost of living, or just getting away from it all. Everyone interested in becoming an expat has their own reasons, but if you're one of those thinking along those lines, you might be pleasantly surprised to find out how interested some nations are in having you join them. Along with all the lifestyle attractions, the incentives they offer those considering retiring abroad can include liberal visa policies, discounted healthcare, tax breaks, and even discounted airfare.

Taxes 246
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KKR will invest $250m in India retailer RRVL

PE Hub

RRVL is a subsidiary of Reliance Industries. The post KKR will invest $250m in India retailer RRVL appeared first on PE Hub.

Investing 205
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This Is the Average American's Retirement Income. How Do You Compare?

The Motley Fool

Image source: Getty Images There are all kinds of ways to fund your retirement. Some folks have retirement accounts, others have investment portfolios. Still others -- a distressing number, as it turns out -- are living almost entirely off the Social Security payments they get each month. Regardless of where it comes from, it's absolutely vital to have a reliable income during retirement.

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Summit Park-backed Curion appoints Jungmann as CEO

PE Hub

Based in Illinois, Curion is a consumer-focused market research firm. The post Summit Park-backed Curion appoints Jungmann as CEO appeared first on PE Hub.

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Amazon Stock: Buy, Sell, or Hold?

The Motley Fool

Amazon (NASDAQ: AMZN) has been one of the stock market's top success stories of all time, but past performance is no guarantee of future results, as they say. In some ways, Amazon is the same spritely, innovative growth company it's been from the get-go. In other ways, it has naturally changed as it has expanded, and it's operating in a different point in time.

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First Fund Closes at Astara

Private Equity Professional

Astara Capital Partners has closed its inaugural fund, Astara Capital Partners Fund I LP, with $312 million of committed capital. Astara’s new fund exceeded its $250 million target and closed at its hard cap. With the closing of Fund I, Astara now manages over $400 million of capital commitments. Astara invests from $10 million to… This content is for members only.

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This Big Pharma Company Is Becoming a Psychedelics Stock, but Don't Buy It (Yet)

The Motley Fool

Otsuka Holdings (OTC: OTSK.Y) , one of the biggest pharmaceutical companies in Japan, is getting into the business of psychedelic therapies. On Sept. 1, it announced that one of its U.S. subsidiaries plans to acquire Mindset Pharma , a Canadian biotech specializing in psychedelics, for roughly $58 million in cash. The deal marks the first serious entry of a major global pharmaceutical player into the psychedelics market.

Companies 246
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Quad-C Buys Four to Launch New Foodservice Strategy

Private Equity Professional

Quad-C Management has formed Legacy Food Group and has acquired four businesses with the buys of Keck’s Food Service, M&V Provisions, Thomsen Foodservice, and Legacy Foodservice Alliance. The four acquired companies will retain their current names and management teams and will continue to operate in their local markets as subsidiaries of Legacy Food Group.

Companies 130
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2 Deep Value Stocks to Buy Right Now

The Motley Fool

While it's true that stock market bargains are a little tougher to find than they were at the start of 2023, there are still plenty of them out there. In this video, Fool.com contributor Tyler Crowe and I discuss the two most recent stocks we bought for our own portfolios. *Stock prices used were the afternoon prices of Sept. 7, 2023. The video was published on Sept. 8, 2023. 10 stocks we like better than PayPal When our analyst team has a stock tip, it can pay to listen.