Mon.Feb 26, 2024

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Zoom Stock Jumps 10% on Earnings and Revenue Beats and Robust Cash Flows

The Motley Fool

Zoom Video Communications (NASDAQ: ZM) stock gained 10.4% in Monday's after-hours trading following the cloud-based communications company's release of its results for the fourth quarter of fiscal 2024 (ended Jan. 31). The stock's rise is largely attributable to the quarter's revenue and earnings exceeding Wall Street's consensus estimates, with bottom-line guidance for both the first quarter and full year of fiscal 2025 coming in higher than analysts had been expecting.

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KKR carves out former VMware from Broadcom; Orlando Bravo among speakers at NEXUS 2024

PE Hub

KKR is acquiring Broadcom's end-user computing division for $4 billion. The post KKR carves out former VMware from Broadcom; Orlando Bravo among speakers at NEXUS 2024 appeared first on PE Hub.

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Why SoundHound AI Stock Is Skyrocketing Again Today

The Motley Fool

SoundHound AI (NASDAQ: SOUN) stock is posting explosive gains in Monday's trading. The company's share price was up 39.5% as of 2:40 p.m. ET, according to data from S&P Global Market Intelligence. SoundHound AI is surging today thanks to an announcement that Nvidia (NASDAQ: NVDA) has formed a new partnership with other influential hardware and software players to advance artificial intelligence ( AI ) technologies in the telecommunications industry.

Stakes 246
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KKR to acquire Broadcom’s end-user computing division for $4bn

PE Hub

Headquartered in San Jose, California, Broadcom is a tech company. The post KKR to acquire Broadcom’s end-user computing division for $4bn appeared first on PE Hub.

Companies 217
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Why Tesla Stock Motored Nearly 4% Higher Today

The Motley Fool

The beaten-down electric vehicle (EV) sector needed a win on the stock market, and on Monday it got one. Thanks to some good news from one of their own, numerous EV companies saw their stock prices rise on the day. Among these was the sector's poster boy, Tesla (NASDAQ: TSLA) , which increased by almost 4% against the S&P 500 index's 0.4% decline.

Prospects 246
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Fengate names McKenna as real estate president

PE Hub

The firm also hired Alison Kimmell as managing director, development and portfolio management, real estate, and appointed Colin Catherwood to managing director, investments, real estate. The post Fengate names McKenna as real estate president appeared first on PE Hub.

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Lightyear invests in Prime Pensions

PE Hub

William Blair & Company served as financial advisor to Lightyear on the deal. The post Lightyear invests in Prime Pensions appeared first on PE Hub.

Investing 225
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A Lifetime of Passive Income Is Hiding in Plain Sight

The Motley Fool

As we approach and enter retirement, we will need a lot of income, which is why it's important to be saving and investing for retirement to build a sufficiently big nest egg. The best kind of income, arguably, is passive income -- money that just keeps arriving with little to no effort required of you. Here's a bunch of ways that you might set up passive income for yourself.

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Argosy recaps medical device firm Command Medical Products

PE Hub

Command Medical Products was founded in 1987 by David Slick. The post Argosy recaps medical device firm Command Medical Products appeared first on PE Hub.

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What Does the Capital One-Discover Deal Mean for Visa and Mastercard Investors?

The Motley Fool

On Feb. 19, Capital One (NYSE: COF) announced it would acquire Discover Financial Services (NYSE: DFS) in an all-stock transaction valued at over $35 billion. The move could make Capital One the largest credit card issuer in the U.S. and create greater competition for Visa (NYSE: V) and Mastercard (NYSE: MA) , whose stocks fell following the news announcement.

Capital 246
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Astara backs homebuilding design services firm Ally Building Solutions

PE Hub

Robinson Bradshaw Hinson served as legal advisor and Rothschild as financial advisor to Astara. The post Astara backs homebuilding design services firm Ally Building Solutions appeared first on PE Hub.

Legal 196
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Walmart's 3-for-1 Stock Split Is Here: Here's What to Expect

The Motley Fool

Walmart (NYSE: WMT) investors woke up to three times the number of shares they had on Friday after the company executed a 3-for-1 stock split. In this video, Travis Hoium explains why Walmart is splitting the stock and why the market is excited, even if it doesn't technically mean any value is added for investors. *Stock prices used were end-of-day prices of Feb. 25, 2024.

Returns 246
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Behrman Capital-backed kSARIA acquires electrical cables manufacturer Charles E. Gilman Company

PE Hub

kSARIA is a Hudson, Massachusetts-based provider of mission-critical connectivity solutions for the aerospace and defense end markets. The post Behrman Capital-backed kSARIA acquires electrical cables manufacturer Charles E. Gilman Company appeared first on PE Hub.

Capital 195
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The Best Vanguard ETFs to Invest $50,000 in Right Now

The Motley Fool

Investing can be hard. There are thousands of investment products -- and not all of them are very good. However, one asset class worth considering is exchange-traded funds (ETFs). For many investors, ETFs are a smart choice thanks to their diverse stock holdings, solid performance, and low fees. Here, I'll break down a hypothetical $50,000 portfolio split equally among five different ETFs offered by Vanguard.

Investing 246
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PE-backed Mercer Advisors taps Keresteci as CFO

PE Hub

In this role, he will be responsible for all financial aspects of the company and also act as a strategic business partner to the CEO, president, executive team and the board. The post PE-backed Mercer Advisors taps Keresteci as CFO appeared first on PE Hub.

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This Is The Easiest Way to Save Money on Streaming Service Costs

The Motley Fool

Image source: Getty Images Did you know that the average U.S. household subscribes to multiple streaming apps? As more streaming service providers raise their subscription rates, many consumers feel the impact on their wallets. But I have some good news if your entertainment budget is getting stretched thin. You can spend less without saying goodbye to your favorite streaming movies and shows.

Financing 246
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Icon Infrastructure, CDPQ to invest in QSL International

PE Hub

QSL is a port terminal and logistics operator in North America. The post Icon Infrastructure, CDPQ to invest in QSL International appeared first on PE Hub.

Investing 208
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Why MicroStrategy Stock Surged to a New 52-Week High Today

The Motley Fool

Shares of technology company MicroStrategy (NASDAQ: MSTR) surged to a new 52-week high on Monday, after the company disclosed that it had bought more Bitcoin (CRYPTO: BTC). On top of MicroStrategy's new purchase, Bitcoin itself is having a good day, up about 5% over the past 24 hour hours. For its part, MicroStrategy stock was up 16% as of 3:20 p.m.

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Kitchen and bathroom fixtures maker Kingston Brass inks investment from LVC

PE Hub

Abacus Finance provided senior debt financing in support of the transaction. The post Kitchen and bathroom fixtures maker Kingston Brass inks investment from LVC appeared first on PE Hub.

Investing 189
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Wall Street Thinks These 3 Top Artificial Intelligence (AI) Stocks Still Have Plenty of Room to Run -- but Nvidia Isn't One of Them

The Motley Fool

Nvidia (NASDAQ: NVDA) blew nearly everyone away with its fourth-quarter results last week. The stock continued a surge that began in late 2022. Many analysts, though, are skeptical about just how much higher Nvidia can go. The average analysts' 12-month price target for the stock is 7% below the current share price. However, Wall Street thinks that three other artificial intelligence (AI) stocks still have plenty of room to run. 1.

Prospects 246
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Valesco invests in manufacturer Blower Application

PE Hub

Mesirow Financial, Inc acted as financial advisor to BloApCo on the deal. The post Valesco invests in manufacturer Blower Application appeared first on PE Hub.

Investing 195
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My Personal Information Was Compromised in an Online Data Breach. Here Are the Steps I Took to Protect Myself Once I Found Out

The Motley Fool

Image source: Getty Images It was the sort of letter no one wants to receive. Not so long ago, I opened the mail to find a note from my former mortgage loan servicer explaining that its database had been hacked. As a result, all of its customers' personal financial information -- including mine -- had gotten into criminals' hands. Trust me when I say I'm not at all thrilled that a criminal now potentially has my address, Social Security number, and other such identifying information.

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OTPP and Nordic Capital agree to invest in Advanz Pharma

PE Hub

Advanz Pharma is a global pharmaceutical company. The post OTPP and Nordic Capital agree to invest in Advanz Pharma appeared first on PE Hub.

Capital 200
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United Joins American Airlines in Increasing Checked Bag Fees

The Motley Fool

Image source: Upsplash/The Motley Fool Last week, American Airlines increased its checked bag fees. Now, flyers in most markets will have to pay more to check their bags. This news will likely upset those trying to stretch their vacation budgets further. Unfortunately, United Airlines is taking similar steps. As of Feb. 24, flyers will pay higher fees to check their bags.

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GenNx360-backed Whitsons snaps up food service management provider Fresh Picks

PE Hub

Headquartered in Islandia, New York, Whitsons is a provider of customized dining services to education, healthcare, community markets, and specialty services nationwide. The post GenNx360-backed Whitsons snaps up food service management provider Fresh Picks appeared first on PE Hub.

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Where Will Super Micro's Soaring Stock Be in 5 Years?

The Motley Fool

With shares up by over 700% in the past 12 months, Super Micro Computer (NASDAQ: SMCI) has been one of the biggest beneficiaries of the artificial intelligence (AI) boom, even outpacing giants including Nvidia , which rose 230% in the same period. While the company doesn't design and manufacture its AI chips, it helps turn these items into ready-to-use computers and servers for its data center customers.

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THL will take medtech company Agiliti private

PE Hub

The value of the deal is about $2.5 billion. The post THL will take medtech company Agiliti private appeared first on PE Hub.

Companies 200
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Warren Buffett Sells Apple Shares. Should You Follow His Lead?

The Motley Fool

One of Apple 's (NASDAQ: AAPL) biggest supporters over the past decade has been Warren Buffett and his team at Berkshire Hathaway. He originally purchased shares of Apple in 2016 and has continuously added to his position. However, Berkshire's latest 13F filing (a document filed with the SEC that reveals trades of companies with greater than $100 million in investments) made a surprising move: Berkshire sold some Apple shares.

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TCW wraps up CLO at $400m

PE Hub

TCW CLO 2024-1, Ltd. is secured primarily by broadly syndicated first-lien loans. The post TCW wraps up CLO at $400m appeared first on PE Hub.

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Sharing a Hulu Account With People Outside Your Household to Help Them Save Money? Your Account Could be Terminated

The Motley Fool

Image source: Getty Images Many families share streaming service logins to help cut costs. Unfortunately, not all services are meant to be shared. Many streaming service platforms are cracking down on users who share login details with friends and family. Unless you pay for a family plan meant to be shared, there may be restrictions on how you use and share your account with others.

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FlowGPT Raises $10M Pre-Series A Funding

FinSMEs

FlowGPT, a Berkeley, CA-based platform fostering an open ecosystem for AI application creators and the community, raised $10M in Pre-Series A funding. The round was led by Goodwater Capital with participation from DCM. The company intends to use the funds to expand its engineering and research teams globally, and to further develop a dynamic and […] The post FlowGPT Raises $10M Pre-Series A Funding appeared first on FinSMEs.

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3 Essential Moves to Make Within a Year of Your 65th Birthday

The Motley Fool

Between now and 2027, more than 4.1 million Americans will turn 65 each year. You may be looking forward to your 65th birthday if it brings you one step closer to retirement. But if you're within a year of your 65th birthday, it's important that you make these essential moves. 1. Figure out how much annual income your savings might provide Maybe you have $1.5 million sitting in an IRA or 401(k) plan.

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mTab Raises $15M in Financing

FinSMEs

mTab, a Yorba Linda, CA-based market insights platform provider, closed a $15m growth credit financing. Kayne Anderson Growth Capital provided the financial resources. The company intends to use the funds to further accelerate its growth and global expansion to support more customers in new industries, along with advanced technology enhancements to its platform.

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How Much Longer Will Apple Underperform the Nasdaq Composite?

The Motley Fool

Apple (NASDAQ: AAPL) has long been king of the stock market. It is Warren-Buffett-led Berkshire Hathaway 's largest public equity holding. And until recently, it was the most valuable company in the world. But Apple has lost its crown to Microsoft , and some even fear it will slip into third place if Nvidia keeps up its scorching-hot valuation expansion.

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