Thu.Mar 07, 2024

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Billionaire Bill Ackman Has $10.4 Billion Invested in Just 7 Stocks

The Motley Fool

Hedge fund manager Bill Ackman has had a long track record of success with a very concentrated investment portfolio. And right now he only holds seven companies in the $10 billion portfolio. Travis Hoium covers the stocks, recent moves, and what Ackman seems to be seeing in the market in the video below. *Stock prices used were end-of-day prices of March 5, 2024.

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Digital services firm Velosio snags investment from Court Square

PE Hub

Baird served as financial advisor to Court Square while Guggenheim Securities served as financial advisor to Velosio. The post Digital services firm Velosio snags investment from Court Square appeared first on PE Hub.

Investing 215
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3 Reasons to Buy Shopify Like There's No Tomorrow

The Motley Fool

Shopify (NYSE: SHOP) stock is not cheap. Shares have rallied in the past year and are sitting near a post-pandemic high. There are certainly less expensive options in the e-commerce space as a result, including investments like eBay (NASDAQ: EBAY) and Amazon. Don't let its elevated valuation scare you away from this stellar business, though. There's plenty of room for Shopify to be a positive force in most investors' portfolios.

Prospects 262
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Novacap to buy 911 services operator INdigital

PE Hub

INdigital's current management team Mark Grady, Eric Hartman, and Jeff Humbarger will continue their roles as CEO, chief operating officer, and chief financial officer, respectively. The post Novacap to buy 911 services operator INdigital appeared first on PE Hub.

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6 Ways to Get Free or Cheap Help With Your Taxes

The Motley Fool

Image source: Getty Images Tax season is here. You still have time to file your 2023 tax return. Those who need assistance should seek professional help before filing. Working with a professional can help you minimize costly filing mistakes. If you're worried about the cost of tax software , explore free and low-cost resources. These services can help you keep more money in the bank.

Taxes 246
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ZCG and Zahrat Al Amaal Holding Company form direct lending Saudi JV

PE Hub

The JV will provide loans to high-growth small- and medium-sized businesses in Saudi Arabia. The post ZCG and Zahrat Al Amaal Holding Company form direct lending Saudi JV appeared first on PE Hub.

Companies 209

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Goldman Sachs-backed GridStor acquires a battery energy storage project

PE Hub

GridStor is a developer and operator of utility-scale battery energy storage systems. The post Goldman Sachs-backed GridStor acquires a battery energy storage project appeared first on PE Hub.

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Ranked: The Best Airlines for Affordable Business Class Travel

The Motley Fool

Image source: Getty Images If flying economy is like staying in a Motel 6, flying in business class is like checking into a Hyatt. It's not quite the Four Seasons (that would be first class), but it certainly has more perks than your average motel. However, you'll easily pay three to four times more to fly business class than you would for an economy seat.

Debt 246
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AE Industrial bets on spacecraft and military craft fuel maker Calca Solutions

PE Hub

'More spacecraft means more fuel,' said Kirk Konert, a managing partner at AEI. The post AE Industrial bets on spacecraft and military craft fuel maker Calca Solutions appeared first on PE Hub.

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Costco to Crack Down on Food Court Access for Non-Members

The Motley Fool

Image source: Getty Images One of the best aspects of shopping at Costco is getting access to a quick, cheap meal at the food court. Given some of the deals those food courts offer, including the famous $1.50 hot dog and soda combo , you'd be hard pressed to find a less expensive meal even if you were to make it in your own kitchen. Now generally speaking, Costco's rules dictate that you must have a membership card, or be the guest of a paying member, to access the store.

Prospects 246
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First round bids collected for Netsmart, sources say

PE Hub

As a fully integrated end-to-end healthcare IT provider, Netsmart should have no trouble seeing a mid- to high-teens EBIDTA multiple, said a healthcare technology banker not involved in the process. The post First round bids collected for Netsmart, sources say appeared first on PE Hub.

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Lawmakers Might Increase Social Security's Full Retirement Age to Avoid Benefit Cuts. Here's How That Could Hurt Today's Workers Big Time

The Motley Fool

Social Security is not in the best financial shape. The program gets the bulk of its funding from payroll taxes. But in the coming years, that revenue stream is expected to shrink as baby boomers exit the workforce in droves. Social Security can tap its trust funds to keep up with scheduled benefits for a period of time. But once those trust funds run dry, benefit cuts may have to happen.

Taxes 246
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Carousel Capital invests in O.R. Colan Associates

PE Hub

ICG Capital served as financial advisor to ORC on the transaction. The post Carousel Capital invests in O.R. Colan Associates appeared first on PE Hub.

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Could SoundHound AI Stock Be a Better Buy Than Nvidia in 2024?

The Motley Fool

When tech giant Nvidia disclosed its investments in a recent filing, it sent shares of tech stocks Arm Holdings and SoundHound AI (NASDAQ: SOUN) soaring. Year to date, both of these stocks are up over 80%, which is even better than Nvidia's gains thus far. Not all of Nvidia's investments achieved such sudden spikes in value. But with both SoundHound and Arm being key players in artificial intelligence (AI), investors may view Nvidia's investments in the two businesses as votes of confidence in t

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WestCap Management invests in Northway Aviation and Northway Aircraft Leasing

PE Hub

Northway is a regional aviation company. The post WestCap Management invests in Northway Aviation and Northway Aircraft Leasing appeared first on PE Hub.

Investing 208
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1 Wall Street Analyst Thinks Alphabet Stock Is Going to $170. Is It a Buy Around $130?

The Motley Fool

As the seemingly eternal leader in internet search, Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has made a great many investors richer over the course of its more than 25-year history. Lately, though, it hasn't been the most exciting stock, neither soaring higher nor crashing violently in price on the tech sector's gyrations. Some believe it's being unfairly ignored by the market, and the market is missing a chance to get a solid investment at a cheap price.

Returns 246
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Sandbrook’s Williams scouted 100 targets before backing solar plus storage developer rPlus

PE Hub

'Expanding computational intensity associated with AI, in particular, means that companies like Meta, Alphabet, Amazon and Microsoft are important customers for renewable energy in the US,' Carl Williams said. The post Sandbrook’s Williams scouted 100 targets before backing solar plus storage developer rPlus appeared first on PE Hub.

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This 7.7%-Yielding Dividend Stock Is Adding Even More Fuel to Its Dividend Growth Engine

The Motley Fool

Enbridge (NYSE: ENB) has been one of the best dividend stocks in the oil patch throughout the years. The Canadian pipeline and utility company has increased its payout for 29 straight years. It currently boasts a 7.7% dividend yield, which is well above average. That big-time payout should continue rising. One factor driving that view is the company's ability to continue expanding its portfolio of income-producing energy infrastructure assets.

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KKR’s Nuttall: Big returns to be had after cycle bottom

PE Hub

The firm's co-chief executive is optimistic dealmaking will return this year, with 2024 potentially marking a 'sweet spot year' for returns, he told attendees at PEI Group’s NEXUS 2024 summit. The post KKR’s Nuttall: Big returns to be had after cycle bottom appeared first on PE Hub.

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JPMorgan CEO Jamie Dimon Says Artificial Intelligence (AI) "Can Do Things That the Human Mind Simply Cannot Do." 1 Stock to Buy if He's Right.

The Motley Fool

In an interview last week, JPMorgan Chase CEO Jamie Dimon waded into the debate regarding the advent of artificial intelligence (AI) and the potential applications of this groundbreaking technology. While some market watchers suggest there's simply too much hype around these next-generation algorithms, Dimon disagrees. "When we had the internet bubble the first time around. that was hype.

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Arbor Investments exits flavor and ingredients company Concord Foods

PE Hub

Arbor acquired Concord in 2015 from second generation family owner and CEO Peter Neville, who re-invested alongside Arbor and remained involved as chairman of Concord's board of directors. The post Arbor Investments exits flavor and ingredients company Concord Foods appeared first on PE Hub.

Companies 187
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4 Takeaways From Okta's Fantastic Quarter

The Motley Fool

Okta (NASDAQ: OKTA) is winning its way back into Wall Street's good graces. Shares jumped over 20% immediately following the cybersecurity specialist's fourth-quarter earnings report. Okta stock is up 50% in the past full year, nearly doubling the return in the rallying S&P 500 over that time. Let's dive right into the report for the biggest takeaways on Okta's operating momentum. 1.

Prospects 246
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KKR’s Scott Nuttall says ‘great returns’ ahead as NEXUS kicks off; Sandbrook big on solar and storage

PE Hub

Private equity bets on solar and storage. The post KKR’s Scott Nuttall says ‘great returns’ ahead as NEXUS kicks off; Sandbrook big on solar and storage appeared first on PE Hub.

Returns 184
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Where Will BigBear.ai Stock Be in 1 Year?

The Motley Fool

BigBear.ai (NYSE: BBAI) , a developer of data mining and analytics tools, went public by merging with a special purpose acquisition company (SPAC) on Dec. 8, 2021. Its stock opened at $9.84 and reached its all-time high of $12.69 on April 13, 2022. But today, BigBear.ai trades at less than $4 a share. Its investors retreated as its growth cooled off, it broadly missed its pre-merger targets, and it racked up steep losses.

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Garnett-backed Flagstop acquires three car washes

PE Hub

Based in Richmond, Virginia, Flagstop is an express car wash brand. The post Garnett-backed Flagstop acquires three car washes appeared first on PE Hub.

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Two Beaten-Down Stocks That Could Soar 170% and 630%, Respectively, According to Wall Street

The Motley Fool

A bull market is here, but not every stock is benefiting. Some players remain in the doldrums. It's up to investors to decide whether those left behind are likely to remain there or make top buying opportunities today that could deliver great rewards down the road. Wall Street is particularly enthusiastic about two beaten-down biotech stocks that soared in the earlier days of the pandemic.

Returns 246
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Truelink Capital-backed Trulite snaps up glass fabricator AIG

PE Hub

Truelite is an architectural glass and aluminum fabricator. The post Truelink Capital-backed Trulite snaps up glass fabricator AIG appeared first on PE Hub.

Capital 194
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2 Trillion-Dollar "Magnificent Seven" Stocks to Buy Hand Over Fist in March

The Motley Fool

The "Magnificent Seven" is the apt moniker placed on a group of seven of the world's largest technology companies: Apple Microsoft Amazon Nvidia Tesla Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) Meta Platforms (NASDAQ: META) The Magnificent Seven stocks delivered an average return of 112.7% in 2023, handily outperforming the S&P 500 index, which was up just 24%.

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Arlington Capital-backed SPA acquires several tech advisory services programs from ManTech

PE Hub

The acquired assets include Defense Advanced Research Projects Agency, Office of the Secretary of Defense Strategic Capabilities Office and select National Reconnaissance Office technical advisory services programs. The post Arlington Capital-backed SPA acquires several tech advisory services programs from ManTech appeared first on PE Hub.

Capital 173
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Think Palantir Technologies Stock Is Expensive? Here's a Cheaper Artificial Intelligence (AI) Stock to Buy Before It Skyrockets

The Motley Fool

Shares of Palantir Technologies took off this year and delivered impressive gains of 38% as of this writing, and artificial intelligence (AI) has played a central role in the stock's surge. The company, which provides software solutions to both government and commercial customers, delivered better-than-expected fourth-quarter 2023 results last month, which led to a big jump in its stock price.

Returns 246
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Gridiron Capital rolls out new garage door services platform GarageCo

PE Hub

GarageCo’s initial acquisitions include P.D.Q. Door Company based in Maine; Apple Door Systems based in Virginia; and Cunningham Door & Window based in Kentucky. The post Gridiron Capital rolls out new garage door services platform GarageCo appeared first on PE Hub.

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1 Growth Stock Down 83% to Buy Hand Over Fist in 2024

The Motley Fool

Fool.com contributor Parkev Tatevosian highlights one growth stock that could make an excellent addition to investor portfolios in 2024. *Stock prices used were the afternoon prices of March 4, 2024. The video was published on March 6, 2024. Should you invest $1,000 in StoneCo right now? Before you buy stock in StoneCo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and StoneCo wasn’t one of them.

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Gridiron Launches Garage Door Services Platform

Private Equity Professional

Gridiron Capital has formed GarageCo as a new platform to establish a national residential and commercial garage door services platform. The formation of GarageCo is the fifth platform company for Gridiron’s fifth fund which closed above target in October 2023 with $2.1 billion of capital. Fund V is the largest fund the firm has ever… This content is for members only.

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Why Bitcoin Miners Marathon, Riot, and CleanSpark Soared in February

The Motley Fool

Leading cryptocurrency mining specialists saw skyrocketing stock returns in February 2024. According to data from S&P Global Market Intelligence , Riot Platforms (NASDAQ: RIOT) posted a 29.5% gain while Marathon Digital Holdings (NASDAQ: MARA) rose by 46.1%. CleanSpark (NASDAQ: CLSK) led the charge with a 107.7% jump. All three rode the coattails of Bitcoin (CRYPTO: BTC) , the largest and oldest cryptocurrency on the market and the actual digital asset Marathon, CleanSpark, and Riot are generati