Thu.Apr 25, 2024

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This Artificial Intelligence (AI) Stock Could Soar 70%, According to Wall Street. Time to Buy?

The Motley Fool

Artificial intelligence (AI) stocks have skyrocketed in recent months, thanks to their potential to transform so many industries. There could be a lot of winners, including companies selling AI tools or using these tools to make their businesses more efficient. Investors who buy shares of these players could score a win, too. Even though many of these AI players have increased in the double and triple digits, some still may have plenty of room to run.

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Sterling Strikes Gold with Fund VI Hard Cap

Private Equity Professional

The Sterling Group has held an oversubscribed, above target and hard cap close of its sixth fund, Sterling Group Partners VI LP, with $3.5 billion of capital. Sterling’s earlier fund closed in June 2020 with $2.0 billion of capital. The majority of Fund VI’s capital was provided by returning limited partners and includes several new… This content is for members only.

Funds 130
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Social Security's 2025 COLA Is on Track to Do Something It Hasn't Done For 15 Years

The Motley Fool

Seniors on Social Security will almost assuredly be getting a benefits increase in 2025. That's because Cost of Living Adjustments are built into the program to provide seniors with more money as prices rise. Early data suggests costs are up quite a bit, so retirees are going to see more money in their monthly payments. However, it's important to note that if the 2025 raise comes in at the projected amount (or close to it), it will do something it hasn't done since 2008.

Funds 246
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Placement Agent Asante Gets a Fifth Partner

Private Equity Professional

Asante Capital Group, a provider of private equity placement and advisory services, has promoted Laura Leyland to partner. Ms. Leyland joined Asante more than a decade ago and worked on numerous mid-market private equity fundraisings for growth, buyout, and real assets funds in Europe and the United States totaling more than $23 billion. “We are… This content is for members only.

Buyout 130
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The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade

The Motley Fool

The Vanguard 500 Index ETF (NYSEMKT: VOO) is one of the most popular ETFs (exchange-traded funds) , and for good reason. Vanguard made a name for itself by offering low-cost index mutual funds and later expanded its popular offerings to ETFs. The nice advantage ETFs have over mutual funds is that they allow for intraday trading. The Vanguard 500 Index ETF is designed to mimic the performance of the S&P 500 , which tracks the performance of the 500 largest companies in the U.S.

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Allied Industrial Adds to Celebrity Coaches

Private Equity Professional

Celebrity Coaches, a portfolio company of Allied Industrial Partners, has added on with the buy of Moonstruck Leasing, a motorcoach leasing company. Nashville-headquartered Moonstruck was founded in 2019 by Josh Trivett who now joins Celebrity as a general manager. Mr. Trivett will be active at Celebrity leading its business development function. “The consolidation of Celebrity’s… This content is for members only.

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Forward Consumer Partners is Now the Artisanal Cracker King

Private Equity Professional

Forward Consumer Partners has acquired artisanal baked goods maker Firehook Bakery. Alexandria, Virginia-headquartered Firehook was founded by Pierre Abushacra in 1992 as a neighborhood bakery specializing in organic sourdough breads and simply made baked goods. Over the past decade, Firehook has expanded nationally at a 50% CAGR and is now the leading brand of artisanal… This content is for members only.

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Here's What Was Wrong With Meta's Q1 Earnings Report

The Motley Fool

Shares of Facebook parent Meta Platforms (NASDAQ: META) were hammered during after-hours trading on Wednesday, sliding more than 16% at one point. The big pullback in the stock price came after the company released its first-quarter earnings report. Interestingly, the social media specialist 's report actually included some pretty upbeat data about Q1 itself.

Capital 246
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Continuum Closes $1.7M Pre-Seed Funding Round

FinSMEs

Continuum, a Chicago, IL-based technology firm specializing in digital networks for B2B distributors and manufacturers, raised $1.7M in Pre-Seed funding. The round was led by M25, with participation from Rex Salisbury’s Cambrian and Clocktower Ventures. The company intend sto use the funds to further enhance its platform capabilities and develop a B2B returns, warranties and repairs management network. […] The post Continuum Closes $1.7M Pre-Seed Funding Round appeared first on FinSMEs.

Funds 113
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Why Whirlpool Stock Went Into a Downward Spiral Today

The Motley Fool

Shares of global consumer appliance company Whirlpool (NYSE: WHR) sank to 52-week lows on Thursday after the company reported financial results for the first quarter of 2024. As of 1:30 p.m. ET, Whirlpool stock was down almost 12%. Investors don't like Whirlpool's struggles Whirlpool is facing multiple headwinds. First, the company has a lot of debt.

Debt 246
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Treefera Raises $12M in Series A Funding

FinSMEs

Treefera, a London, UK-based provider of an AI-enabled data management platform, raised $12M in Series A funding. The round was led by AlbionVC. The company intends to use the funds to expand operations and its business reach. Co-Founded by Jonathan Horn and Caroline Grey, Treefera is an AI-powered data management platform empowering businesses in carbon removal, […] The post Treefera Raises $12M in Series A Funding appeared first on FinSMEs.

Funds 113
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Why Southwest Airlines Stock Is Flying Lower Today

The Motley Fool

Southwest Airlines (NYSE: LUV) is cutting back in response to Boeing 's issues delivering airplanes, and investors are heading for the exits. Shares of Southwest were down 10% as of 10:30 a.m. ET following the company's disappointing earnings release. Tough choices because of a difficult supplier Southwest is famously an all-Boeing fleet, relying exclusively on the aerospace giant 's workhorse 737 line.

Returns 246
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Pinkdx Raises $40M in Series A Funding

FinSMEs

PinkDx, Inc., a Daly City, CA-based company focused on positively impacting the health of women throughout their life journey, raised $40m in Series A financing. The round was co-led by Catalio Capital Management, LP, and The Production Board. Other investors include Mountain Group Partners, Byers Capital and Mayo Clinic. The company will use the funds to […] The post Pinkdx Raises $40M in Series A Funding appeared first on FinSMEs.

Funds 113
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Here's What It's Like to Live in New Jersey as a Family of 4 on $150,000

The Motley Fool

Image source: Getty Images My friends Joe and Jill (not their real names) are hardworking folks. Joe's an engineer of some sort (don't ask me exactly what he does) and Jill's a teacher in a low-paying district who loves her work and her students. All told, they bring home a joint income of $150,000. And that's an income you'd think would go pretty far, given that it's about twice the median U.S. household income as of 2022.

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FlexAI Raises $30M in Seed Funding

FinSMEs

FlexAI, a Paris, France-based AI compute company, raised $30M in Seed funding. The round was led by Alpha Intelligence Capital, Elaia Partners, and Heartcore Capital. The company intends to use the funds to expand operations and development efforts. Led by Brijesh Tripathi, CEO, and Dali Kilani, FlexAI is delivering universal AI compute by rearchitecting compute […] The post FlexAI Raises $30M in Seed Funding appeared first on FinSMEs.

Funds 113
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Retirees in This Age Group Get the Largest Average Social Security Checks

The Motley Fool

It's hard to overstate Social Security's importance to today's seniors. More than one-third of workers rely upon its benefits to provide at least half their retirement income and more than 10% count upon it for 90% of their income. It's only natural, then, to want the largest checks possible. Benefit amounts vary by individual, but there are also bigger factors at play that influence how much certain age groups receive.

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Augment Raises $227M in Series B Funding at $977M Valuation

FinSMEs

Augment, a Palo Alto, CA-based AI coding assistance startup, raised $227M in Series B funding at $977M valuation. Backers included Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners and Meritech Capital. The company intends to use the funds to accelerate product development and build out its product, engineering and go-to-market functions.

Startups 109
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2 Roaring Growth Stocks to Hold for the Next 20 Years

The Motley Fool

Most investors know the potential benefits of leaving their winning stocks alone. While stocks can only fall to zero, there's no hard ceiling on how high a stock can climb. The growth in a long-term winner can often dwarf losses elsewhere in a portfolio. Billionaire investor Warren Buffett put it well in 2023 in a letter to Berkshire Hathaway shareholders: "The weeds wither away in significance as the flowers bloom.

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Sorted Raises £1.65M in Seed Funding

FinSMEs

Sorted, a London, UK-based recycling tech startup, raised £1.65m in Seed funding. The round was led by Pi Labs with participation from Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect, Antler, and angel investors. The company intends to use the funds to expand operations and its business reach. Co-founded in 2022 by Arthur Goujon and Luis Espinosa, Sorted provides […] The post Sorted Raises £1.65M in Seed Funding appeared first on FinSMEs.

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History Says the Nasdaq Will Roar Higher This Year. My Top Growth Stock to Buy Before It Does.

The Motley Fool

The Nasdaq climbed to a new record high this year as investors piled into growth stocks, particularly those in the area of artificial intelligence (AI). This confirmed that the index was in a bull market, an investing environment favoring growth companies. And this momentum may just be getting started for two reasons. First, the AI market is in its early days, with analysts predicting a double-digit compound annual growth rate over the next few years and a market surpassing $1 trillion by 2030.

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Dropzone AI Raises $16.85M in Series A Funding

FinSMEs

Dropzone AI, a Seattle, WA-based developer of AI security analysts for security operations teams, raised $16.85M in Series A funding. The round was led by Theory Ventures, adding existing investors Decibel Partners, Pioneer Square Ventures, and In-Q-Tel (IQT). Carta CISO Garrett Held, Head of Security at Postman Joshua Scott, and Integreon President and Head of […] The post Dropzone AI Raises $16.85M in Series A Funding appeared first on FinSMEs.

Funds 108
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This Elite Dividend Stock Continues to Produce Powerful Growth

The Motley Fool

NextEra Energy (NYSE: NEE) has an elite track record of paying dividends. The clean energy-focused utility has increased its payment every year for three decades. It has delivered supercharged growth over the past 10 years, increasing its payout at an 11% compound annual rate. The company currently offers a 3.1%-yielding dividend, more than double that of the S&P 500 's 1.4%.

Capital 245
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Moso Raises $2M in Seed Funding

FinSMEs

Moso, a Los Angeles, CA-based shop-to-earn platform that merges online shopping with cryptocurrency, closed a $2m seed funding round. Backers included Symbolic Capital, Dao5, Coinlist, Polygon Ventures, along with several strategic angels. The company intends to use the funds to expand operations and its development efforts. Led by Blake Capozza, Co-Founder & CEO, Moso is a shop-to-earn platform […] The post Moso Raises $2M in Seed Funding appeared first on FinSMEs.

Funds 108
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Here Are My Top 5 Dividend Kings to Buy Right Now

The Motley Fool

Dividend stocks can be an important pillar of a well-balanced, diversified investment strategy. Seeking passive income is a good way to supplement your portfolio while mitigating some of the volatility associated with owning individual stocks. While there are many companies that pay a dividend, a special group known as Dividend Kings may offer the best selection.

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Agilitas Energy Closes $100M Debt Financing

FinSMEs

Agilitas Energy, a Wakefield MA-based integrated developer, builder, owner and operator of distributed energy storage and solar photovoltaic (PV) systems, raised $100M in Debt funding. Nomura Securities International, Inc., provided the financing. The company intends to use the funds to further enhance its growth and continued national expansion. Agilitas Energy is a renewables and energy […] The post Agilitas Energy Closes $100M Debt Financing appeared first on FinSMEs.

Debt 107
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Billionaire Bill Ackman Has His Sights on Only 1 "Magnificent Seven" Stock, and It's Not Nvidia

The Motley Fool

When you look at the stock portfolios of most billionaire hedge fund managers, you'll find plenty of the Magnificent Seven stocks, as well as exposure to some of the most promising AI stocks. But that isn't the case in Bill Ackman's Pershing Square hedge fund's portfolio. In fact, despite having about $10 billion invested in the stock market, there are only seven different stocks in its latest SEC filings, and only one is a Magnificent Seven tech stock -- Google parent company Alphabet (NASDAQ:

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Movement Labs Raises $38M in Series A Funding

FinSMEs

Movement Labs, a San Francisco, CA-based blockchain development team that combines modular elements to create a more secure & performant Ethereum ecosystem, raised $38m in Series A financing. The round was led by Polychain Capital with participation from Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs. […] The post Movement Labs Raises $38M in Series A Funding appeared first on FinSMEs.

Funds 107
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Is Bristol Myers Squibb Stock a Millionaire Maker?

The Motley Fool

Many top healthcare stocks provide investors with long-term stability, promising growth prospects, and in some cases even a dividend. Yet, investors don't appear to be sold on the fact that Bristol Myers Squibb (NYSE: BMY) checks off all those boxes. The business faces some concerning challenges in the near term, but there is hope that it can get back to growing in the long run.

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Diddo Raises $2.8M in Seed Funding

FinSMEs

Diddo, a Santa Monica, CA-based provider of an API for interactive ads, raised $2.8M in seed funding. The round was led by Link Ventures with participation from Neo, Lamar advertising’s family office, Scott Forrstal, and executives from companies such as Disney, Sundance TV, and MGM+. The company intends to use the funds to accelerate platform development and expand staff.

Funds 104
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Fight The IRS With First-Time Abatement

The Motley Fool

Image source: Getty Images The American tax system is complicated, and the idea of paying penalties can be especially scary if you, like most, aren't super familiar with how it all works. If you have to pay a tax penalty for not filing on time or failing to pay, there may be something you can do to lessen that burden. It's called first-time abatement, and if you qualify, it can actually reduce the penalties you owe.

Taxes 242
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Will Higher Rates Spell Doom For the Stock Market?

A Wealth of Common Sense

Bill Artzerounian joined me again this week to tackle questions about automating your finances, the tax implications of a company sale, how to offset RWM taxes and the pros and cons of a Roth 401k. Further Reading: Inflation Matters More For the Stock Market Than Interest Rates 1It’s also worth pointing out that interest rates under 2% have been rare historically.

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Why O'Reilly Automotive Stock Sank Today

The Motley Fool

Shares of auto parts retailer O'Reilly Automotive (NASDAQ: ORLY) sank on Thursday after the company reported financial results for the first quarter of 2024. As of noon ET, O'Reilly stock was down 4% but it had been down as much as 8% earlier in the day. A good quarter for O'Reilly despite the negative reaction from investors I readily admit that the negative reaction to O'Reilly's financial results from investors is a head-scratcher.

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CVC, Bain Capital funds get New Jersey pension backing amid $875m of new commitments

AltAssets

Pension fund managment major the New Jersey Division of Investment as picked out CVC Capital and Bain Capital vehicles among its latest suite of fund commitments. The post CVC, Bain Capital funds get New Jersey pension backing amid $875m of new commitments first appeared on AltAssets Private Equity News.

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Is QuantumScape Stock Going to $6? 1 Wall Street Analyst Thinks So.

The Motley Fool

The turbulent electric vehicle (EV) sector has provided a lot of up-and-down drama lately for investors, who should be very selective these days. But one they should select, at least according to one analyst, is next-generation battery maker QuantumScape (NYSE: QS). Here's a take on his latest take, if you will. Better battery needed QuantumScape is currently developing a higher-energy-density EV battery than the typical products used today, which in broad terms means one that can provide notabl

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