Thu.Aug 10, 2023

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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.

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GTCR revisits commercial security in $1.6bn carveout; Battery Ventures sees H2 recovery

PE Hub

A Deep Dive into GTCR’s $1.6 billion carveout from ADT; an H2 Outlook Q&A with Battery Ventures’ Zak Ewen; and a sentiment survey of private equity and investment banking folks. The post GTCR revisits commercial security in $1.6bn carveout; Battery Ventures sees H2 recovery appeared first on PE Hub.

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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.

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Buyback: Why GTCR is pursuing commercial security biz, again

PE Hub

GTCR bought Protection 1 for $828m in 2010. Now, it’s carving out the business from ADT for $1.6bn. The post Buyback: Why GTCR is pursuing commercial security biz, again appeared first on PE Hub.

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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.

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Heartwood Partners-backed Amlon Group buys Paragon, Music City

PE Hub

Paragon Southwest Medical Waste is a medical waste processing company. The post Heartwood Partners-backed Amlon Group buys Paragon, Music City appeared first on PE Hub.

Companies 209

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Battery Ventures’ Zak Ewen sees global appetite for Euro tech

PE Hub

'It is not doom and gloom, but I don't see a roaring comeback either,' says Ewen. The post Battery Ventures’ Zak Ewen sees global appetite for Euro tech appeared first on PE Hub.

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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.

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Northleaf Capital invests $200m in Tillman FiberCo

PE Hub

Tillman FiberCo is a broadband network builder and operator. The post Northleaf Capital invests $200m in Tillman FiberCo appeared first on PE Hub.

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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%.

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Valsoft buys European software companies Klopotek and Seekda

PE Hub

Valsoft is a Montreal-based acquirer and developer of vertical market software businesses. The post Valsoft buys European software companies Klopotek and Seekda appeared first on PE Hub.

Companies 184
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7 International Costco Food Court Finds for Under $5

The Motley Fool

Image source: Getty Images Costco is a favorite place to shop for many people because of its affordable prices. Since it's a warehouse club, you must purchase a membership to shop there. But one little-known Costco perk that you may not realize is your membership is valid at all clubs globally. That means you can even shop abroad when traveling if there's a club nearby.

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Cornell Capital-backed Lorom joins with In-Tech

PE Hub

In-Tech is an electronic manufacturing and development services company. The post Cornell Capital-backed Lorom joins with In-Tech appeared first on PE Hub.

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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.

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German Private Equity Firm SHS Capital Acquires Majority Share in Essert

Private Equity Insights

German private equity firm SHS Capital has acquired a majority share in Essert, a life sciences robotics company based in Baden-Württemberg. This acquisition is the fourth transaction from SHS Capital’s SHS VI fund, following its recent acquisition of a majority stake in Dutch firm CAM Bioceramics. Essert, founded in 2012, specializes in developing flexible robotics for the pharmaceutical and life science industry.

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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.

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Princeton Equity Group Closes Fund II at Hard Cap with $575m in Commitments

Private Equity Insights

Princeton Equity Group, LLC, a Princeton and Dallas-based private equity firm focused on control investments in franchisor and multi-unit companies, today announced the final closing of its Princeton Equity Partners II, L.P. with $575m in total commitments, surpassing its $475m target and hitting its hard cap Raised over a period of approximately five months, the Fund was significantly oversubscribed with commitments from U.S. and non-U.S. investors, including endowments, foundations, fund of fu

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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.

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WindRose Portfolio Company Healthmap Raises $100m to Continue Fighting Kidney Disease

Private Equity Insights

WindRose Health Investors, LLC, a leading healthcare-focused private equity firm, announced that its portfolio company, Healthmap Solutions, Inc. has raised $100m to support the ongoing expansion of its business. Healthmap is a national population health management company focused on kidney disease. The company has grown rapidly and is currently contracted with its health plan customers to serve over 160,000 individuals.

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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.

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Private Equity Firm STG to buy Avid Technology for $1.4bn

Private Equity Insights

Private equity firm Symphony Technology Group on Wednesday agreed to buy media editing software maker Avid Technology Inc for about $1.4bn, including debt. As part of the deal, Avid shareholders will receive $27.05 per share in cash, the company said in a statement, confirming an earlier Reuters report. The deal represents a 32% premium to Avid’s closing share price on May 23, the day before Reuters reported the company was exploring a sale.

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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.

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Tabula Rasa Healthcare Shares Skyrocket After Acquisition by Private Equity Firm Nautic Partners in an All-Cash Deal for Approximately $570m

Private Equity Insights

Tabula Rasa HealthCare Inc shares traded 30% higher Monday after news that the healthcare company is to be acquired by private-equity firm Nautic Partners. The all-cash deal is for approximately $570 million, including debt of around $262 million. The transaction values Tabula Rasa at $10.50 per share, which represents a 34% premium on the stock’s price on August 4.

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Celsius Stock Surges on Huge Earnings and Revenue Beats

The Motley Fool

Celsius (NASDAQ: CELH) stock gained 20.5% on Wednesday, following the energy beverage maker's release of a powerful second-quarter 2023 report on the prior afternoon. The stock's rise is attributable to the quarter's revenue and earnings crushing Wall Street's consensus estimates. In 2023, shares were already solidly outperforming the broader market prior to the release of the Q2 report, and now they're walloping it.

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Intermedia’s Owner Explores Sale of Communications Services Firm That Could Value the Communications Services Provider at More Than $1bn

Private Equity Insights

The private equity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1bn, including debt, according to people familiar with the matter. Buyout firm Madison Dearborn Partners is working with investment bank Evercore (EVR.N) on a sale process for Intermedia, which is expected to start in the coming weeks, the sources said, requesting anonymity because the discussions are confidential.

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Sunrun's Disaster in the Making

The Motley Fool

Sunrun (NASDAQ: RUN) has long used optimistic assumptions to calculate the value generated by its business, but that's starting to change. Higher interest rates have eaten into value, and in this video, Travis Hoium covers why value may actually be negative for the business. *Stock prices used were end-of-day prices of Aug. 7, 2023. The video was published on Aug. 9, 2023. 10 stocks we like better than Sunrun When our analyst team has a stock tip, it can pay to listen.

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Angeles Equity Adds to Noise and Vibration Platform

Private Equity Professional

VisTech Manufacturing, a portfolio company of Angeles Equity Partners, has acquired Industry Products Company. Industry Products Company (IPC) is a Tier One and Tier Two supplier of noise, vibration, and harshness (NVH) products primarily to automotive OEMs. The company’s product portfolio includes cargo and trunk systems, acoustic and water shields, in-transit automotive protection materials, and… This content is for members only.

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Alibaba Stock Earnings: Has Wall Street Finally Flipped?

The Motley Fool

In this video, I will talk about Alibaba (NYSE: BABA) , review its recent earnings report, and explain why the momentum might finally be with Alibaba's shareholders after yet another quarter of good execution. *Stock prices used were from the trading day of Aug. 9, 2023. The video was published on Aug. 10, 2023. 10 stocks we like better than Alibaba Group When our analyst team has a stock tip, it can pay to listen.

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Olympus Does Heavy Lifting with Buy of MEI

Private Equity Professional

Olympus Partners has acquired MEI Rigging & Crating from Dorilton Capital. MEI is a provider of industrial services including rigging and machinery moving, millwrighting and mechanical installation, industrial storage, and equipment crating and export packing. MEI’s customers are active in a range of industrial verticals including datacenters, semiconductors, and electric vehicles.

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Is Upstart Stock a Buy?

The Motley Fool

With the Nasdaq Composite index on an absolute tear in 2023, up 33% (as of Aug. 8), many tech-enabled businesses have seen their share prices soar. Upstart (NASDAQ: UPST) is no exception. Its stock is up an incredible 293% this year, even though it remains 87% off its all-time high from late 2021. The AI-powered fintech enterprise just gave a fresh financial update, providing investors with details for the three-month period that ended June 30.

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Willis & Smith Continues Fabrication and Machining Strategy

Private Equity Professional

Willis & Smith Capital has acquired Performance Stamping, a provider of metal stamping services. Performance Stamping’s customers include domestic and international original equipment manufacturers in the appliance, automotive, water treatment, oil and gas, utilities, industrial services, and HVAC sectors. The company’s capabilities include deep draw and progressive die stamping, compound and blanking die stamping, and… This content is for members only.

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Amazon Stock: 1 Simple Reason to Buy and Hold 'Forever'

The Motley Fool

Amazon (NASDAQ: AMZN) released stellar earnings for the second quarter of 2023, stunning many on Wall Street and Main Street. The stock jumped 10% in after-hours trading and maintained the gains the next day. Total revenue grew 11% year over year (YOY) to $134 billion on the back of strong gains in third-party sales and advertising. Operating income ($7.7 billion) and operating cash flow ($16.5 billion) also improved significantly.

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Veritiv Acquired by CD&R

Private Equity Professional

Publicly traded Veritiv Corporation, a provider of packaging, janitorial and sanitary, and hygiene products, has agreed to be acquired by Clayton, Dubilier & Rice for $2.3 billion. Veritiv (NYSE: VRTV) operates through three segments; packaging, facility solutions, and print. The packaging segment provides paper-based, rigid, flexible (shrink and stretch films and tapes), cushioning, and engineered… This content is for members only.

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Stock Split Watch: Is Broadcom Next?

The Motley Fool

Stock splits can make high-priced shares more accessible to ordinary investors. Accounting experts and textbooks call it a "neutral event." It has no real effect on the stock's total market value or the value of shares in your portfolio. Yet there's psychological value in a comfortably priced stock ticker, and auto-trading computer algorithms may execute trades based on specific prices and daily trading volumes.