Tue.Mar 19, 2024

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This Stock Market Indicator Has a Perfect Track Record. It Signals a Big Move in the S&P 500 Right Now.

The Motley Fool

The S&P 500 (SNPINDEX: ^GSPC) hit the low point of its previous bear market on Oct. 12, 2022. Looking back, investors now recognize that low point also marked the start of the current bull market. Since then, the index has climbed 43%, hitting record highs over the past two months. While bull markets are defined by previous gains, they can also offer very reliable predictions too.

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Wind Point Blows Through Fund X Target, Hits Hard Cap

Private Equity Professional

Wind Point Partners has held a hard cap close of its latest fund, Wind Point Partners X LP, with capital commitments of $2.3 billion, exceeding its $1.7 billion target. Fund X is the firm’s largest fund to date and is more than 50% higher than its earlier fund, Wind Point Partners IX LP (2019 vintage),… This content is for members only. Visit the site and log in/register to read.

Funds 130
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Why NuScale Power Stock Tumbled 33% Today

The Motley Fool

Easy come, easier go. Yesterday, shares of small modular (nuclear) reactor builder NuScale Power Corporation (NYSE: SMR) soared 29% on the back of a price-target hike from analysts at Canaccord Genuity. Today, though, a different investment bank -- Wells Fargo -- pointed out how crazy that momentum rally looked. Now, NuScale stock is dropping 33% as of 11:45 a.m.

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Wynnchurch Sells Pump Maker to Oaktree

Private Equity Professional

Wynnchurch Capital has sold LPW Group, a designer and manufacturer of specialty valves and actuators, to Oaktree Capital Management. Houston-headquartered LPW Group is a holding company formed by Wynnchurch to consolidate its investments in Pennsylvania Machine Works (acquired in January 2020), Texas-based Western Forge & Flange (March 2020) and Texas-based Ladish Valves (March 2022).

Capital 130
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Amid Rumors of a Deal With Rivian, Apple Acquired This Artificial Intelligence (AI) Start-Up Instead

The Motley Fool

From time to time, companies pursue mergers or acquisitions to help fund growth. These deals can help source product innovation or spearhead entering a new market. One company that has historically chosen to build in-house over pursuing acquisitions is Apple (NASDAQ: AAPL). Most of the company's deals have been under-the-radar transactions, with very few making the headlines.

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J.F. Lehman Closes Buy of Mission Microwave

Private Equity Professional

J.F. Lehman & Company (JFLCO) has acquired Mission Microwave Technologies, a manufacturer of components used in satellite communications systems. Mission’s lightweight and compact high-power devices meet stringent size, weight and power (SWaP) requirements and are used to support ground-based, airborne, maritime and space-based applications for both government and commercial customers.

Companies 130

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Frontenac Adds Another to its Foodservice Distribution Platform

Private Equity Professional

Navis Food Partners, a portfolio company of Frontenac, has acquired Prime Source Foods, a New Hampshire-headquartered center-of-the-plate food distributor. Earlier this month, Frontenac announced the formation of Boston-headquartered Navis Food as a holding company to consolidate its investments in the independent foodservice distribution industry. The acquisition of Prime Source is Navis Food’s second add-on acquisition… This content is for members only.

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American Express and Point.me Launched a Brand-New Free Tool. Eligible Amex Cardholders Can Use It to Find the Best Award Flight Redemption Options

The Motley Fool

Image source: Upsplash/The Motley Fool Earlier this month, American Express announced a partnership with travel rewards search platform point.me. Eligible American Express cardholders can use the tool to search for award flights from airline partners of the Membership Rewards® program. This partnership can help travelers maximize the value of their American Express Membership Rewards® points.

Taxes 246
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Anima Raises $12M in Series A Funding

FinSMEs

Anima, a London, UK-based provider of a care enablement platform, raised $12M in Series A funding. The round was led by Molten Ventures, with participation from Hummingbird Ventures, Amino Collective and Y Combinator, as well as new angel investors including Sidar Sahin, founder of Peak Games. The company intends to use the funds to accelerate […] The post Anima Raises $12M in Series A Funding appeared first on FinSMEs.

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Getting a Big Tax Refund? Here Are the 3 Smartest Things to Do With It

The Motley Fool

Image source: Getty Images Getting a tax refund isn't a given. Some people submit their taxes only to see that they owe money to the IRS rather than the other way around. But if you are the recipient of a refund this year, you have a prime opportunity to better your financial picture. Here are three of the smartest things you can do with that pile of money.

Taxes 246
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Keyring Network Raises $6M in Funding

FinSMEs

Keyring Network, a London, UK-based company providing permissioning tools for financial service providers, raised $6M in funding. The round was led by gumi Cryptos Capital and Greenfield Capital, with participation from Motier Ventures, Kima Ventures, and early backers including UDHC Finance and Eberg Capital, alongside angel investors. The company intends to use the funds to […] The post Keyring Network Raises $6M in Funding appeared first on FinSMEs.

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Where Will Palantir Stock Be in 1 Year?

The Motley Fool

Fool.com contributor Parkev Tatevosian forecasts where Palantir 's (NYSE: PLTR) stock price could be in 2024. *Stock prices used were the afternoon prices of March 17, 2024. The video was published on March 19, 2024. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, 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 Palantir Technologies wasn’t o

Returns 246
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Euno Raises $6.25M in Seed Funding

FinSMEs

Euno, a Sunnyvale, CA-based data governance platform provider, raised $6.25M in Seed funding. The round was led by 10D with participation from INT3 and angel investors including Barr Moses (co-founder and CEO at Monte Carlo), Lior Gavish (co-founder and CTO at Monte Carlo), and Yoni Broyde (former co-founder and CEO at Alooma). The company intends […] The post Euno Raises $6.25M in Seed Funding appeared first on FinSMEs.

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Where Will Starbucks Stock Be in 3 Years?

The Motley Fool

Starbucks (NASDAQ: SBUX) might be the most recognizable coffee chain on the planet. It's certainly the largest, and it's on its way to becoming the largest restaurant chain in the world. But what happens at that point? Investors look for growth. There's more to come at Starbucks, but is it close to saturation? What would that mean for investors? And where can you expect the coffee megachain to be three years from now?

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G2 Reverse Logistics Raises $9.6M in Seed Funding

FinSMEs

G2 Reverse Logistics, a Pittsburgh, PA-based net recovery company, raised $9.6M in Seed funding. The round was led by Dell Technologies Capital. The company intends to use the funds to enable sales and marketing investments consistent with its global growth strategies. Founded in 2020 and led by CEO Tom Perry, G2 Reverse Logistics provides a […] The post G2 Reverse Logistics Raises $9.6M in Seed Funding appeared first on FinSMEs.

Funds 109
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Why Bitcoin, Ethereum, and Dogecoin Are Losing Ground Today

The Motley Fool

Today's price action in the cryptocurrency world has been choppy, with many of the top tokens that investors watch closely seeing big declines over the past day. As of 3:30 p.m. ET on Tuesday, Bitcoin (CRYPTO: BTC) , Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) had declined 3.9%, 4.9%, and 5.3%, respectively, over the past 24 hours. These moves appear to be the result of a shifting narrative in the crypto world.

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Lumino Raises $2.8M in Pre-Seed Funding

FinSMEs

Lumino, a San Francisco, CA-based AI infrastructure startup, raised $2.8M in Pre-Seed funding. Backers included Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity. The company intends to use the funds to expand operations and development efforts.

Funds 108
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AMD Fell Today -- Is This a Chance to Buy the Artificial Intelligence (AI) Stock?

The Motley Fool

Advanced Micro Devices (NASDAQ: AMD) stock slipped in Tuesday's trading. The semiconductor company's share price closed out the daily session down 4.8%, according to data from S&P Global Market Intelligence. Nvidia , its chief rival in the graphics processing unit (GPU) space, actually gained 1.1% in the session. There wasn't any business-specific news that dragged AMD stock lower today, but the company's share price lost ground following the opening of Nvidia's GPU Technology Conference (GT

Investors 246
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Meson Network Receives Investment From OKX Ventures

FinSMEs

Meson Network, a Singapore-based decentralized physical infrastructure network (DePIN), received an investment from OKX Ventures. The amount of the deal was not disclosed. The company intends to use the funds to expand operations and development efforts. Meson Network provides decentralized bandwidth and big data solutions, with a focus on scalability, efficiency and technologies.

Investing 103
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My New HOA Sent Me a $15,000 Fine a Month After I Moved In. Here's What Happened

The Motley Fool

Image source: The Motley Fool/Upsplash Not too long ago, I bought a house. I was very excited to move in and start remodeling it, since it was a fixer-upper. Unfortunately, just a month after I moved in and shortly after I made my first mortgage payment, I got a community notice in the mail indicating I owed my HOA $15,000 in fines. Obviously, this was pretty upsetting to me, as that's a huge amount of money.

Legal 246
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Prudential’s Pricoa Private Capital invests in TeacherActive 

Private Equity Wire

Pricoa Private Capital, a fund managed by Prudential Private Capital, the asset management arm of multinational insurance company Prudential Financial, has invested in TeacherActive, a UK education recruitment agency. Pricoa’s investment provides a one-stop funding solution to support debt refinancing and shareholder recapitalisation, which includes incentives and ownership across a wide proportion of the employee base.

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The $52 Trillion Housing Market Just Changed Forever

The Motley Fool

The National Association of Realtors has agreed to changes that could end a collusion lawsuit, and this could change how the industry works overall. If the changes take effect, fees, instead of being hidden from buyers, would be negotiated with each party separately. This could lead to more homes moving out of the traditional broker ecosystem. Travis Hoium digs into the potential agreement in this video.

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PAI Partners acquires Beautynova from BlueGem 

Private Equity Wire

French private equity firm PAI Partners, through its PAI Mid-Market Fund, is to acquire a majority stake in global professional haircare platform Beautynova from BlueGem Capital Partners, a pan-European PE firm focused on non-discretionary consumer staples. Upon completion of the acquisition, PAI will be the majority shareholder owning a controlling stake, with BlueGem maintaining a significant shareholding alongside a syndicate of co-investors.

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Where Will Tesla Stock Be in 3 Years?

The Motley Fool

The stock market is soaring yet again. But this time, Tesla (NASDAQ: TSLA) is not leading the charge. In fact, the market is up in spite of the electric vehicle (EV) leader. Tesla shares have fallen a whopping 34% year to date (YTD) as of this writing, while the Nasdaq-100 continues to rise. The stock is now off 60% from all-time highs, while the broad market is close to all-time highs.

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Arcus surpasses target to close on over €1.6bn for European infrastructure

AltAssets

Infrastructure investor Arcus has exceeded its target to raise €1.61bn at the final close of its third flagship fund. The post Arcus surpasses target to close on over €1.6bn for European infrastructure first appeared on AltAssets Private Equity News.

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Future-Proofing Ads: Inside The Trade Desk's Innovation Factory

The Motley Fool

In the not-so-quiet corridors of The Trade Desk 's (NASDAQ: TTD) research and development (R&D) department, the future of advertising is being written with code, algorithms, and, let's face it, probably a lot of caffeine. In a recent video call with Fool.com, Laura Schenkein, TTD's CFO, underscored the digital advertising specialist's commitment to diverse R&D efforts.

Companies 246
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Wynnchurch Capital exits LPW Group

Private Equity Wire

Middle market private equity firm Wynnchurch Capital has exited its investment in LPW Group Holdings, a designer of valves and other flow control products, through a sale of the business to Oaktree Capital Management. Headquartered in Houston, Texas, LPW Group’s products serve applications across chemical, petrochemical, LNG, refining, renewable, naval and pulp & paper.

Capital 86
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Prediction: Nvidia Will Become the World's Largest Company. Here's Why.

The Motley Fool

Let's cut right to the chase: Nvidia (NASDAQ: NVDA) is on track to become the world's largest company. Think that's going too far? I don't. Here's why. It's already the world's third-largest company As of this writing, Nvidia has a market cap of $2.2 trillion, making it the third-largest American company, behind only Microsoft and Apple. Company Name Symbol Market Cap (in billions) Microsoft MSFT $3,094 Apple AAPL $2,665 Nvidia NVDA $2,195 Amazon AMZN $1,811 Alphabet GOOG $1,761 That puts it 'on

Companies 246
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Buyout firms tap private credit market as asset sales stall

Private Equity Wire

Buyout private equity firms are having difficulty offloading companies and returning cash to investors, with direct lenders including Blackstone, Goldman Sachs Asset Management (GSAM) and Neuberger Berman Group swooping in to provide cash, according to a report by Bloomberg. Many private credit lenders are making preferred equity — a hybrid of debt and equity — investments in the firms’ companies, which gives them a place in the repayment chain, senior to the private equity firms but junior to

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Super Micro Computer Is Sliding Again. Has the Hot AI Stock Already Peaked?

The Motley Fool

Shares of Super Micro Computer (NASDAQ: SMCI) were sliding for the second day in a row today. Following a sell-off yesterday that seemed related to its inclusion in the S&P 500 , Supermicro stock was down sharply again on Tuesday, this time on news of a secondary offering. The high-flying AI server specialist filed this morning to sell 2 million shares, diluting existing shareholders by approximately 3.6%.

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When a good idea sticks

Million Dollar Round Table (MDRT)

By By Timothy Inklebarger The past few years have been a time of major transformation for many in the profession. MDRT members blazed new trails after trying a temporary fix that was so effective it became a permanent part of their practices and personal routines. Check out how they adapted and see what they’re doing to stay on top of their game. It takes two At the start of my career, too few of my prospects became clients, and I realized that was because I allowed them to take control of the p

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3 Actively Managed ETFs to Put on Your Radar in 2024

The Motley Fool

The bulk of exchange-traded funds, or ETFs, are passively managed index funds, which means they're simply designed to track a certain benchmark index such as the S&P 500 or Russell 2000. However, it might surprise you to learn that there are hundreds of actively managed ETFs that aim to beat the market, provide additional income, or provide exposure to specific assets.

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Calpers to up PE and private credit bets by $34bn in pivot from stocks

Private Equity Wire

The board of the California Public Employees’ Retirement System (Calpers), the largest US pension fund, is has voted to up its exposure to private equity and private credit by a combined $34bn in a bet that riskier asset classes will generate higher returns than stocks, according to a report by Bloomberg. Calpers is increasing it target allocation for private equity to 17% of its portfolio, up from 13% and for private credit, while cutting back on its exposure to publicly listed stocks and bonds

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Why I'm Going to Costco to Buy These 7 Big-Ticket Purchases

The Motley Fool

Image source: The Motley Fool/Unsplash Costco is not just a great place to buy $1.50 hot dogs and cheap rotisserie chicken: it offers surprising savings on big-ticket purchases like tires, furniture, and even cars. I'm a longtime Costco member and I'm passionate about shopping at Costco. And while no one loves shelling out big money to replace a broken refrigerator or punctured tire, Costco makes the process easy.

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