Fri.Oct 20, 2023

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Why Solar Power Stocks Flamed Out on Friday

The Motley Fool

Bad news that led to a massive sell-off in shares of solar power inverter manufacturer SolarEdge (NASDAQ: SEDG) also burned investors in related solar power stocks Friday. Through 11:35 a.m., solar power installers Sunrun (NASDAQ: RUN) , Sunnova Energy International (NYSE: NOVA) , and SunPower (NASDAQ: SPWR) were down 9.4%, 11.1%, and 13.4%, respectively.

Banks 264
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Charlesbank scoops up Petra Funds, plus Capstone forecasts strong automotive aftermarket rebound

PE Hub

Private equity deals drop 40 percent for the first three quarters of the year. The post Charlesbank scoops up Petra Funds, plus Capstone forecasts strong automotive aftermarket rebound appeared first on PE Hub.

Funds 203
Insiders

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Why Okta Stock Got Crushed Friday

The Motley Fool

Shares of Okta (NASDAQ: OKTA) slumped on Friday, losing as much as 13.9%. By the time the market closed, the stock was still down 11.64%. The catalyst that sent the cybersecurity specialist lower was reports that a hacker had -- once again -- infiltrated its system. How hackers gained access In an alert posted on its website, Okta revealed that an unidentified hacker (or group of hackers) had gained access to files "certain Okta customers" had uploaded to the company's support system.

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Speyside Equity-backed Opta Group acquires two manufacturers NuFlux and Nupro

PE Hub

Opta Group is a supplier of performance materials and solutions in the molten metal, infrastructure, and specialty chemical industries. The post Speyside Equity-backed Opta Group acquires two manufacturers NuFlux and Nupro appeared first on PE Hub.

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1 AI Stock to Buy and Forget

The Motley Fool

One of the biggest trends in recent years is the proliferation of artificial intelligence (AI), creating new opportunities for savvy investors to ride on for the next few years. But not all opportunities are created equal, and the casualties of AI companies will be high. Thus, investors should be cautious with their investment choice in this area, focusing solely on companies best positioned to win in the long run.

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Volition Capital promotes Ferry to partner

PE Hub

As a partner, Ferry will continue to strengthen portfolio company relationships, focusing on providing founders with growth strategies and guidance. The post Volition Capital promotes Ferry to partner appeared first on PE Hub.

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Charlesbank invests in Petra Funds Group

PE Hub

The Petra founders and management team remain significant shareholders alongside Charlesbank. The post Charlesbank invests in Petra Funds Group appeared first on PE Hub.

Funds 182
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American Express (AXP) Q3 2023 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. American Express (NYSE: AXP) Q3 2023 Earnings Call Oct 20, 2023 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by. Welcome to the American Express Q3 2023 earnings call. At this time, all participants are in a listen-only mode.

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Sequoia to snap up M Capital Advisors

PE Hub

Akron, Ohio-based Sequoia is a provider of asset management and wealth planning services. The post Sequoia to snap up M Capital Advisors appeared first on PE Hub.

Capital 182
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Why VinFast Auto Stock Plunged More Than 30% to an All-Time Low This Week

The Motley Fool

Shares of Vinfast Auto (NASDAQ: VFS) plunged this week and were trading 33.5% lower through 10:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. The stock hit a peak of $93 per share on Aug. 28 -- just days after its initial public offering. Since then, though, VinFast has fallen off a cliff and hit an all-time low Friday.

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Great Point-backed JPA Health scoops up consulting firm True North Solutions

PE Hub

JPA Health is a health communications and marketing agency. The post Great Point-backed JPA Health scoops up consulting firm True North Solutions appeared first on PE Hub.

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How I'm Keeping My Candy Budget Down (and Avoiding Waste) This Halloween

The Motley Fool

Image source: Getty Images Around nine out of 10 of Americans buy candy for Halloween. And among those who partake in this festive holiday, the average household spent $29.51 last year. While that's not a huge sum of money out of your checking account , it does mean this season comes with added costs. We tend to get a lot of trick-or-treaters because our neighborhood is known for amazing decorations and generous households who hand out good candy, so I've charged much more than that on my credit

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Stop Betting Against America

A Wealth of Common Sense

There’s this guy on Twitter, Paul Fairie, who does these threads using old newspaper clippings to show how the stuff we worry about today is the same stuff people have been worrying about for decades. There was one called a brief history of we are raising a generation of wimps. Every older generation thinks this (and will always think this…it’s called progress).

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Why Oracle Stock Was Dropping Today

The Motley Fool

Shares of Oracle (NYSE: ORCL) -- the cloud computing and legacy tech company that's emerged as a potential winner from the artificial intelligence (AI) boom -- were falling today as a note from JPMorgan Chase seemed to question growth from its Oracle Cloud Infrastructure (OCI) business through the current fiscal year. As of 12:46 p.m. ET, Oracle stock was down 6.1%, and the broader sell-off in tech stocks today on worries about rising rates also seemed to weigh on Oracle.

Banks 245
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Dollars Are For Spending & Investing, Not Saving

The Big Picture

“I need the US Dollar to be a store of value between the time I make it until I spend it, invest it, pay my taxes with it, or give it away. It does that splendidly.” 1 Today, we’re going to look at a perennial (un)favorite #chartfail. To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes.

Investing 135
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3 Ways to Approach Investing When You're a Freelancer or Gig Worker

The Motley Fool

Image source: Getty Images Investing is an important habit no matter what type of job you have. But as a freelancer or gig worker, it can be harder to invest consistently. When you have a regular salary, you can base the amount you invest on that. Many employers also offer retirement plans, such as 401(k)s, that employees can contribute to directly from their paychecks.

Investing 244
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Upland Raises Additional $7M in Series A Funding Extension 

FinSMEs

Upland, a Palo Alto, CA-based provider of a web3 metaverse platform, raised additional $7M in Series A funding extension. The round, which brought the total amount to $25M, saw participation from EOS Network Ventures as a new investor, alongside participation from existing investors C3 Venture Capital, Animoca Brands, and angel investors. The company intends to […] The post Upland Raises Additional $7M in Series A Funding Extension appeared first on FinSMEs.

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Where Will AMD Stock Be in 5 Years?

The Motley Fool

With its shares up by an impressive 285% over the previous five years, Advanced Micro Devices (NASDAQ: AMD) has made for a solid long-term investment. And while the iconic chipmaker faces near-term cyclical challenges in the central processing unit (CPU) market, a pivot to artificial intelligence (AI) hardware could unlock the next leg of long-term growth.

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10 Friday AM Reads

The Big Picture

My end-of-week morning train WFH reads: • Austin’s office market is exploding. But no one is moving in. 6 million square feet of new office space will hit the market in the next few years — equivalent to 105 football fields. Between spaces completed since 2020 and what’s still in the pipeline, the office market will grow nearly 25 percent — the fastest rate on the continent.

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Why Are Enphase Energy and SolarEdge Stocks Crashing Today?

The Motley Fool

In this video, I will explain why Enphase Energy (NASDAQ: ENPH) and SolarEdge crashed on Friday after SolarEdge released its preliminary financial results for the third quarter. Both stocks are down over 60% this year. Could this be an opportunity, or are investors about to catch falling knives? *Stock prices used were from the trading day of Oct. 19, 2023.

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How to Up Your Golf Game in Retirement

Integrity Financial Planning

Golf is a rewarding and challenging activity that can be enjoyed by individuals of all ages, including retirees. It’s not just a game but an opportunity to stay physically active, mentally stimulated, and socially engaged. If you’re looking to get better scores out on the green, try out these key tips and strategies. Stretch and Get Loose First and foremost, prioritize your physical health.

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1 Unstoppable Growth Stock to Buy in 2023 and Beyond

The Motley Fool

Founded in 1998 by President and CEO Waleed Hassanein, TransMedics Group (NASDAQ: TMDX) has quickly become one of the easiest stocks to root for of our time by revolutionizing the organ donation and transplant process. TransMedics held its initial public offering (IPO) in 2019 and saw its stock rise over 300% by 2023. However, in the last three months, its stock price has plummeted over 55% as the market wrestled with TransMedics' recent mergers and acquisitions (M&A) activity.

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This US college endowment just picked a string of firms for new alternatives fund commitments

AltAssets

The University of Michigan's $18.2bn long-term endowment pool has revealed a string of new alternatives fund commitments. The post This US college endowment just picked a string of firms for new alternatives fund commitments first appeared on AltAssets Private Equity News.

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You've Got to Try This Zero-Effort Way to Score Great Deals on Your Holiday Gifts

The Motley Fool

Image source: Getty Images The holidays are almost here, but before we can enjoy them, most of us have a lot of shopping to do. Between food, travel, and gifts, holiday costs can easily climb into the hundreds to thousands of dollars before we realize it. So it's only natural to do whatever you can to keep your expenses down. Comparison shopping is one of the most common pieces of advice for savvy shoppers for good reason.

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CVC backers to offload shares in upcoming IPO

Private Equity Wire

Some of CVC Capital Partners’ institutional backers are planning to sell their shares in the European buyout business as part of its proposed initial public offering, according to a report by Reuters The report cites two unnamed sources with knowledge of the matter as revealing that CVC is targeting raising more than €1bn in what would be the largest stock market listing in Europe with an IPO potentially happening in Amsterdam as early as the end of the month.

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Why Lucid Stock Plunged to All-Time Lows This Week

The Motley Fool

Lucid Group (NASDAQ: LCID) stock is having a disastrous year. Shares of the electric vehicle (EV) maker continued to fall this week, trading 16% lower through noon Friday and hitting its all-time lows of $4.26 a share, according to data provided by S&P Global Market Intelligence. With this week's decline, the EV stock has tanked nearly 40% in just the past three months.

Investors 235
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KKR accelerates tech growth capital raising again with $3bn final close of latest dedicated fund

AltAssets

Global alternative investment giant KKR has upped the ante again for its latest tech-focused growth fund, picking up $3bn for the vehicle at final close. The post KKR accelerates tech growth capital raising again with $3bn final close of latest dedicated fund first appeared on AltAssets Private Equity News.

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Wall Street Had a Bad Friday -- and These 2 Tech Stocks Were a Big Reason Why

The Motley Fool

The stock market moved lower on Friday, closing a bad week for major market benchmarks. Losses for the Nasdaq Composite (NASDAQINDEX: ^IXIC) , S&P 500 (SNPINDEX: ^GSPC) , and Dow Jones Industrial Average (DJINDICES: ^DJI) for the week were extensive as investors continued to worry about high interest rates and economic pressures. Index Daily Percentage Change Daily Point Change Dow (0.86%) (287) S&P 500 (1.26%) (54) Nasdaq (1.53%) (202) Data source: Yahoo!

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AltAssets private equity deal roundup – October 20, 2023

AltAssets

Genesis Capital has agreed to buy a majority stake in the Central European audiovisual and event technology leader AV Media Group. The company, founded in 1992, provides the design and integration of audiovisual solutions for customers in the education, public administration, cultural and commercial sectors, as well as tech solutions for promoters of conferences, exhibitions, […] The post AltAssets private equity deal roundup – October 20, 2023 first appeared on AltAssets Private Equity Ne

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AT&T Stock: Is the Worst Finally Over?

The Motley Fool

If you had to choose a stock for the investing hall of shame over the last decade, AT&T (NYSE: T) would be a good candidate. It's made two of the worst acquisitions of this century, spending more than $100 billion combined for DirecTV and Time Warner and paying a peak price for two vestiges of the traditional pay-TV ecosystem that were already showing signs of decline.

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HarbourVest Partners appoints new Managing Director

Private Equity Wire

HarbourVest Partners, a global private markets investment specialist, has appointed Charlie Teeple as a Managing Director. Teeple will be responsible for all aspects of credit specific operational functions and work closely with the firm’s credit leadership team. Teeple joins HarbourVest from Liberty Mutual Investments, where he was a Senior Director and Head of Investment Operations and was responsible for the firm’s trade and cash operations and private and public asset accounting.

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What Friday's Plunges in SolarEdge, Enphase Say About Growth Stocks

The Motley Fool

The stock market looked poised to move lower yet again on Friday, building on losses from earlier in the week. Investors have had to endure constant and building concerns about interest rates and the bond market, which have started to have an impact on corporate profits. Stock index futures were down as much as half a percent early Friday before the market opened.

Financing 188
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Pfingsten seals another target-beating fundraise with $435m Fund VI close

AltAssets

Pfingsten, an operationally-focused US PE house with offices in India and China, has easily beaten its $350m target for its sixth flagship fundraise. The post Pfingsten seals another target-beating fundraise with $435m Fund VI close first appeared on AltAssets Private Equity News.

Funds 77
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3 Personal Finance Lessons I Wish I Learned in My 20s

The Motley Fool

Image source: Getty Images If you're in your 20s and just beginning to find your footing, you may (mistakenly) believe that you should "have it all together" by now. Nope. Your best bet at this point is to be patient with yourself and, if you can, learn from the mistakes of others -- because most of us made some doozies. Here's what I wish I'd known in my 20s. 1.

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