The Motley Fool
AUGUST 2, 2023
What happened There's little question that the hard-charging market rebound this year is largely the result of excitement about recent advancements in artificial intelligence (AI). In the wake of their worst performance since 2008, the major market indexes are decidedly in rally mode so far in 2023, driven by the potential for widespread productivity gains courtesy of generative AI.
PE Hub
AUGUST 2, 2023
NuChem Sciences is a Montreal-based drug discovery and chemical development contract research organization. The post Five Arrows-backed Sygnature buys Canada’s NuChem Sciences appeared first on PE Hub.
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The Motley Fool
AUGUST 2, 2023
What happened Shares of Lumen Technologies (NYSE: LUMN) , a telecommunications company, were tumbling this morning after it reported its second-quarter results. Investors were concerned about the company's massive $8.74 billion loss in the quarter, a steep drop from the gain of $344 million in the year-ago quarter. The tech company's share price was down by 14.2% as of 11:42 a.m.
PE Hub
AUGUST 2, 2023
Located in Century City, the space will initially support the firm’s real estate, private equity, private wealth and institutional client relationship teams. The post KKR opens office in Los Angeles appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
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. Russia began its military invasion of Ukraine on Feb. 24, 2022 but, with the war dragging on for a year and a half with no end in sight, some security experts are calling on the West to wise up.
PE Hub
AUGUST 2, 2023
Gannett Fleming is a provider of engineering and infrastructure solutions. The post OceanSound-backed Gannett Fleming acquires engineering consultant DiGioia Gray appeared first on PE Hub.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
PE Hub
AUGUST 2, 2023
Steve Carn and Randy Arnold will serve as CEO and chief operating officer, respectively, of the Compost360 platform. The post Sterling Group launches new organic waste material platform Compost360 appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
Ark Invest is an asset management company focused on disruptive technologies like robotaxis, streaming media, and blockchain. Bold market-related predictions from the firm and its founder, Cathie Wood, have led to a somewhat polarizing reputation. Some investors are diehard fans of Ark favorites like Tesla , Coinbase Global , and Roku (NASDAQ: ROKU) , but others see the firm as a meltdown waiting to happen.
PE Hub
AUGUST 2, 2023
Southern California-based CoolSys is a provider of sustainable refrigeration, HVAC, energy and engineering solutions. The post Ares Management-backed CoolSys acquires commercial HVAC firm Lima Company appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
Is the economy out of the woods? Wow! What a difference a year makes. For that matter, what a difference a few weeks make. In 2022, investors stormed the exits of the stock market, even though many pointed out that it's best to invest in terrific companies when everyone else is running away. Then in 2023, the talk of inflation and recession did a 180-degree turn to artificial intelligence (AI) and a new bull market.
PE Hub
AUGUST 2, 2023
Leading portcos in uncertain times means investing in people, even during layoffs. The post Don’t let an “either-or” mindset limit value creation efforts appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
In this video, I will cover Shopify 's (NYSE: SHOP) second-quarter earnings report, which beat on the top and bottom lines. I'll explain why this wasn't enough to push the stock higher. *Stock prices used were from the trading day of Aug. 2, 2023. The video was published on Aug. 2, 2023. Find out why Shopify is one of the 10 best stocks to buy now Our analyst team has spent more than a decade beating the market.
PE Hub
AUGUST 2, 2023
The seller is KI NutriCare Inc, a subsidiary of Kikkoman Corporation, a Japanese manufacturer of the soy sauce brand and other healthy foods. The post Lion Equity Partners buys supplement manufacturer Country Life appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
What happened These days, many parents around the world are worried about the amount of time their children spend on smartphones and other devices. On Wednesday, the Chinese government acted the part of a very large mom or dad, recommending strict limitations on screen time. Investors took this as a threat to top tech companies in the country, and many of these stocks saw notable declines in price on Wednesday.
PE Hub
AUGUST 2, 2023
The funding will accelerate Intellum's product development as well as go-to-market and key hiring initiatives. The post Guidepost invests $25m in enterprise learning management system Intellum appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
Cathie Wood has made a remarkable comeback in 2023 after a disappointing year for her Ark Innovation ETF in 2022. The fund has dramatically outperformed the broader markets this year, as investors flock to buy undervalued tech and biotech stocks. ^SPX data by YCharts Nonetheless, some of Wood's biggest holdings still screen as "significantly undervalued," despite their sterling performance through the first seven months of 2023.
PE Hub
AUGUST 2, 2023
With this acquisition, Alliance Mobile is now the second largest AT&T national authorized retailer with stores in 21 states primarily in the Midwest, Mid-Atlantic, Northeast and Southeast regions. The post Centre Partners-backed Alliance Mobile buys AT&T retailer TWE appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
Carnival (NYSE: CCL) (NYSE: CUK) stock has been intensely followed since it tanked at the beginning of the pandemic when operations shut down. It became a meme stock, but it has valiantly recovered and looks to be on the road to growth. Investors who bet on Carnival's rebound are now sitting on some enviable gains as the stock is up 134% this year. Is it too late to buy into this story?
PE Hub
AUGUST 2, 2023
Provident Energy Management is a Concord, Ontario-based provider of sub-metering and building automation services. The post Northleaf acquires majority stake in Provident Energy Management appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
Stock splits don't change anything about the value of the underlying company. But many high-flying technology companies have used that approach to lower the per-share price of their stocks. Costco Wholesale (NASDAQ: COST) may not be a sexy technology company, but investors who look for stock-split stocks should be keeping eyes on the value-oriented warehouse retailer anyway.
PE Hub
AUGUST 2, 2023
Custom is led by brothers Rick and Robb Ritenour, who will remain with the company and continue to run the day-to-day operations. The post HCI invests in lawn care platform Custom Lawn Care appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
If you are someone (like me) who's been critical of 3M (NYSE: MMM) management's inability to meet its own guidance and the long-term degradation in the company's profit margin performance, you must praise the company when it starts getting things right. The latest earnings report was mixed, but there were signs of underlying progress and, on balance, it was a net positive for investors.
PE Hub
AUGUST 2, 2023
IDS’ co-founders Jerome Murray and James Truhe retained a minority stake in the company as part of the transaction. The post Arlington Capital Partners scoops up Integrated Data Services appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
Energy Transfer (NYSE: ET) offers a prodigious income stream. The master limited partnership (MLP) currently yields over 9%. At first glance, that big-time payout might not seem sustainable. A quick peek at the energy midstream company's second-quarter results shows that its monster distribution significantly exceeded its reported net income. However, a deeper look at the company's financial results tells a much different story.
PE Hub
AUGUST 2, 2023
OrthoNebraska was formed in 2017 through the combination of two of Omaha’s top orthopedic practices. The post OrthoNebraska secures investment from InTandem Capital appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
Is Advanced Micro Devices (NASDAQ: AMD) one of the best AI stocks to buy now? AMD stock popped off an earnings beat on both top and bottom lines. The company has been under pressure in recent quarters, but the market is excited about its future prospects. The video below breaks down earnings and brings you up to speed with analysis, commentary, and more.
PE Hub
AUGUST 2, 2023
Custom Goods has a 175-plus truck fleet and 6.5 million square feet of warehouse space throughout the country. The post Soundcore Capital completes sale of Custom Goods to Angeles Equity appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
Undoubtedly, artificial intelligence (AI) is the hot topic of 2023. Indeed, according to FactSet , the number of S&P 500 companies that mentioned AI in their first-quarter earnings calls hit an all-time high of 110, compared to 61 a year ago. But with so many companies eager to talk about AI, which ones actually have the most potential to profit from it?
PE Hub
AUGUST 2, 2023
The transaction includes RHV Capital's Arrive Alive Traffic Control in Orlando, Florida; Give 'Em a Brake in Grand Rapids, Michigan; and Stay Alert in Kernersville, North Carolina. The post Kohlberg-backed AWP Safety acquires RHV Capital’s traffic control group appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
What happened Shares of Camping World (NYSE: CWH) were pulling back today as the country's largest RV dealer posted second-quarter results that were below analyst estimates as the business continues to normalize following the boom during the pandemic. As of 10:01 a.m. ET, the stock was down 10.6%. So what Camping World said revenue in the quarter declined 12.4% to $1.9 billion, missing analyst expectations at $1.97 billion.
PE Hub
AUGUST 2, 2023
Previously, Bogner worked at Acalyx Advisors. The post Bogner joins Twin Bridge as investor relations senior associate appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
What happened Exact Sciences (NASDAQ: EXAS) , the maker of the noninvasive colon cancer diagnostic Cologuard, posted better-than-expected financial results for the second quarter of 2023 after the closing bell Tuesday. The market, for its part, wasn't impressed. Exact Sciences' stock was down by 11.2% on sky-high volume as of 3:30 p.m. ET Wednesday afternoon.
PE Hub
AUGUST 2, 2023
Florida-based Alpine Communication is an engineering firm. The post Cotton Creek and Alpine Communication launch Alpine Infrastructure Partners appeared first on PE Hub.
The Motley Fool
AUGUST 2, 2023
Fool.com contributor Parkev Tatevosian reviews SoFi 's (NASDAQ: SOFI) latest earnings update and answers if SoFi stock is a buy for long-term investors. *Stock prices used were the afternoon prices of Aug. 1, 2023. The video was published on Aug. 2, 2023. 10 stocks we like better than SoFi Technologies When our analyst team has a stock tip, it can pay to listen.
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