Tue.Aug 01, 2023

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Why Canoo Stock Popped, but QuantumScape and Lucid Just Dropped

The Motley Fool

What happened It's a mixed day for electric vehicle (EV) stock investors Tuesday, as shares of battery researcher QuantumScape (NYSE: QS) and luxury EV maker Lucid Group (NASDAQ: LCID) tumble 6.8% and 5.7%, respectively, through 12:05 p.m. ET. Meanwhile, EV start-up Canoo (NASDAQ: GOEV) is deftly maneuvering around the pileup, and tacking on a 2% gain -- not quite as impressive as Canoo's 19% run-up on Monday, but still a neat trick, considering.

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Monroe Capital recruits Kaye as managing director for tech finance group

PE Hub

In this role, Kaye will be responsible for originating, structuring, and executing new investments within the software and technology sector. The post Monroe Capital recruits Kaye as managing director for tech finance group appeared first on PE Hub.

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3 Stocks That Are Fantastic Deals Right Now

The Motley Fool

The Nasdaq has risen nearly 40% since the beginning of the year as investors warmed up to higher-growth tech stocks again. However, many investors might be reluctant to chase that rally as interest rates stay elevated. Those fears are justified, since high interest rates usually deflate the valuations of pricier stocks. But a closer look at the tech sector finds that plenty of promising stocks are still trading at reasonable valuations.

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Alimentation Couche-Tard to repurchase CDPQ shares for C$700m

PE Hub

Couche-Tard is a convenience store and mobility business based in Laval, Quebec. The post Alimentation Couche-Tard to repurchase CDPQ shares for C$700m appeared first on PE Hub.

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Oatly Stock Is Running Out of Time

The Motley Fool

Plant-based alternative milk manufacturer Oatly (NASDAQ: OTLY) has had a rough go as a publicly traded company. The stock has crashed more than 94% since soon after its IPO in mid-2021. Much of the damage has been self-inflicted. Oatly's aggressive expansion plans were risky and expensive, and while revenue is still growing, it's almost hard to believe how inefficient the company's manufacturing operations have become.

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Francisco Partners, TPG to take New Relic private; plus a deep dive on Blackstone’s ‘Zoom effect’ deal

PE Hub

PE continues to bet on pest control services. The post Francisco Partners, TPG to take New Relic private; plus a deep dive on Blackstone’s ‘Zoom effect’ deal appeared first on PE Hub.

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Iron Path-backed PureTech Scientific acquires Chemours’ glycolic acid unit

PE Hub

The purchase price is $137 million. The post Iron Path-backed PureTech Scientific acquires Chemours’ glycolic acid unit appeared first on PE Hub.

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Why Nikola Stock Is Flying Higher Ahead of Earnings

The Motley Fool

Editor's note: This article has been updated. Nikola announced Tuesday that it had started manufacturing Tre hydrogen fuel cell electric trucks. What happened Nikola (NASDAQ: NKLA) stock jumped again today, zooming 20% higher as of 9:50 a.m. ET Tuesday. With today's rally, the electric vehicle and hydrogen stock has now more than doubled in just one month and gained a staggering 447% in two months' time, as of this writing.

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TSG Consumer Partners invests in home services platform Trinity Solar

PE Hub

Trinity Solar management will remain in their current roles and continue to lead the company. The post TSG Consumer Partners invests in home services platform Trinity Solar appeared first on PE Hub.

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Enterprise Products Partners (EPD) Q2 2023 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Enterprise Products Partners (NYSE: EPD) Q2 2023 Earnings Call Aug 01, 2023 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day and thank you for standing by. Welcome to the Enterprise Products Partners LP second quarter 2023 earnings conference call. [Operator instructions] After the speakers' presentation, there'll be a question-and-answer session.

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PE-backed StoreForce buys retail software provider ThinkTime

PE Hub

Based in Toronto, StoreForce is a provider of software for managing specialty retail stores. The post PE-backed StoreForce buys retail software provider ThinkTime appeared first on PE Hub.

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AMD Rises on AI-Powered Growth, But Another Nasdaq Stock Is Getting All the After-Hours Love

The Motley Fool

The stock market finished mixed on Tuesday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) showing relative strength compared to its market benchmark peers. Losses for the Nasdaq Composite (NASDAQINDEX: ^IXIC) and the S&P 500 (SNPINDEX: ^GSPC) were modest, however, barely putting a dent into July's big gains. Index Daily Percentage Change Daily Point Change Dow +0.20% +71 S&P 500 (0.27%) (12) Nasdaq (0.43%) (62) Data source: Yahoo!

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PE-backed Mercer Advisors snaps up wealth management firm PAM

PE Hub

Mercer Advisors is a Denver-based wealth management firm. The post PE-backed Mercer Advisors snaps up wealth management firm PAM appeared first on PE Hub.

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Here Is the Average 401(k) Contribution Rate -- The Amount May Surprise You

The Motley Fool

Image source: Getty Images When it comes to retirement savings , 401(k) plans are an essential component for most Americans. 401(k) plans allow workers to save a portion of their pre-tax income and invest that money to grow over time. However, determining how much to contribute can be daunting, especially in times of economic uncertainty. Fortunately, according to Vanguard's annual "How America Saves" report, Americans continued to save a record amount last year.

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Desjardins affiliates acquire EDF interest in Alberta wind projects

PE Hub

The projects, located southeast of Medicine Hat, Alberta in Cypress County, comprise a total 247-megawatt capacity. The post Desjardins affiliates acquire EDF interest in Alberta wind projects appeared first on PE Hub.

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Meta Working on Generative AI Chatbots With Personalities

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. How would you like to ask Abraham Lincoln about good lunch spots? It looks like Meta's first big generative AI-powered addition to its platforms will be a collection of chatbots that users can talk to, as reported by the Financial Times on Tuesday.

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Madison Dearborn-backed Navacord buys Medi-Quote Insurance Brokers

PE Hub

Medi-Quote Insurance Brokers is a Calgary-based insurance brokerage specializing in travel and medical insurance. The post Madison Dearborn-backed Navacord buys Medi-Quote Insurance Brokers appeared first on PE Hub.

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Where Will Intel Stock Be in 1 Year?

The Motley Fool

Intel 's (NASDAQ: INTC) stock rallied nearly 7% on July 28 after the chipmaker posted its second-quarter earnings report. Its revenue declined 15% year over year to $12.9 billion, which still exceeded analysts' expectations by $760 million. Its adjusted earnings per share (EPS) fell 54% to an adjusted $0.13 whereas analysts had forecast a loss of $0.03.

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CenterOak-backed Palmetto Exterminators acquires PestNow and forms Entomo Brands

PE Hub

Entomo Brands manages multiple insect-related service companies operating under regional and local brands. The post CenterOak-backed Palmetto Exterminators acquires PestNow and forms Entomo Brands appeared first on PE Hub.

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A Bull Market Is Coming: History Says the S&P 500 Could Soar 24% in the Next Year

The Motley Fool

The Federal Reserve has been quite aggressive in its fight against inflation. Officials approved 11 rate hikes during the 12 meetings between March 2022 and July 2023, raising the benchmark federal funds rate at its fastest pace since the early 1980s. But the abrupt change in monetary policy made investors nervous as overtightening could easily bring about a recession.

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JMI Equity promotes Mehta to IR director and Kurth to principal

PE Hub

Also, the growth equity firm has promoted Dina Berdichevsky and Josh Wang to vice president. The post JMI Equity promotes Mehta to IR director and Kurth to principal appeared first on PE Hub.

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My 3 Biggest Stock Market Predictions for August

The Motley Fool

There's never a wrong time to make some market predictions, especially this summer, when the stakes are so high. There will be winners. There will be losers. Choose well, and you can make some money in August. I think Walt Disney (NYSE: DIS) will bounce back after a flattish start to 2023. I also believe that Celsius Holdings (NASDAQ: CELH) will beat the market, just as the S&P 500 (SNPINDEX: ^GSPC) finally takes a breather this month. 1.

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BIP-backed Endeavor scoops up High Sierra Fire Protection

PE Hub

Endeavor is a specialty contractor for a wide array of fire protection and safety needs. The post BIP-backed Endeavor scoops up High Sierra Fire Protection appeared first on PE Hub.

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Thinking of Buying AT&T and Verizon? Check Out These Two Dividend Stocks Instead

The Motley Fool

If you're a dividend investor, you've likely taken a close look at AT&T (NYSE: T) and Verizon Communications (NYSE: VZ) if you don't already own them. These two telecom giants are classic blue-chip stocks. They're huge, seemingly stable companies that the economy depends on, and they crank out strong profits each quarter. Additionally, they both offer impressive dividend yields at the moment -- both around 7.5%.

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Capstreet-backed WIN-911 buys reporting software provider SyTech

PE Hub

The combined entity will be rebranded as SmartSights. The post Capstreet-backed WIN-911 buys reporting software provider SyTech appeared first on PE Hub.

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Why Faraday Future Stock Raced Nearly 8% Higher on Tuesday

The Motley Fool

What happened Faraday Future Intelligent Electric (NASDAQ: FFIE) , a very up-and-down stock even by the volatile standards of the electric vehicle (EV) industry, had a good session on the stock market Tuesday. The company's share price experienced a pop of almost 8%, thanks to some good news from the factory. By contrast, investors threw the S&P 500 index into reverse at a 0.3% clip on the day.

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Whitehorse Liquidity Partners wraps up fifth fund at $5.3bn

PE Hub

Flagship Fund V represents Whitehorse’s largest fund to-date. The post Whitehorse Liquidity Partners wraps up fifth fund at $5.3bn appeared first on PE Hub.

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This Growth Stock Could 10x in 17 Years

The Motley Fool

Finding a stock that rises 10-fold in value within a short time frame requires luck even for experienced investors. But if you buy a stock that compounds in value by 15% per year, the value of your investment will grow by just over 10-fold within 17 years. And finding investments with that potential is possible if you know what to look for. You want to invest in companies with annual revenue growth of more than 15%.

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Benford Capital recaps industrial automation provider BSC Industries

PE Hub

Peter Fitzpatrick will continue as CEO of BSC while his brother Jim will step away from his day-to-day management role after a transition period. The post Benford Capital recaps industrial automation provider BSC Industries appeared first on PE Hub.

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Why American Superconductor Stock Soared Today

The Motley Fool

What happened Shares of electric grid enhancer American Superconductor (NASDAQ: AMSC) stock went off to the races Tuesday morning, galloping ahead 47.8% through 9:50 a.m. ET as investors snapped up shares ahead of the company's fiscal Q1 2023 earnings report. American Superconductor announced yesterday that it will release Q1 results after close of trading on Wednesday, Aug. 9.

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Brookfield and Reliance seal partnership for Australian energy and decarbonization equipment

PE Hub

The partnership will focus on facilitating Australia's transition to a net-zero future. The post Brookfield and Reliance seal partnership for Australian energy and decarbonization equipment appeared first on PE Hub.

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The Surest, Fastest Way to Get Poor Quickly

The Motley Fool

Ironically, the surest, fastest way to get poor quickly is to try to get rich quickly. -- Whitney Tilson It's hard to get more ironic than that, isn't it? Tilson, founder and chief executive officer of Empire Financial Research (and a former contributor to The Motley Fool) shared that advice in his insightful book for young people, The Art of Playing Defense: How to Get Ahead by Not Falling Behind.

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MidOcean taps Kahan as operating partner

PE Hub

Kahan is the former chief data analytics officer of Microsoft. The post MidOcean taps Kahan as operating partner appeared first on PE Hub.

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T Mobile's Excellent Growth Is Defying Expectations

The Motley Fool

Fool.com contributor Parkev Tatevosian reviews T Mobile's (NASDAQ: TMUS) latest update and discusses what it could mean for investors. *Stock prices used were the afternoon prices of July 29, 2023. The video was published on July 31, 2023. 10 stocks we like better than T-Mobile US When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* They just revealed what they believe are the

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