Wed.Feb 28, 2024

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Why Altcoins Were on Fire Today

The Motley Fool

Fear of missing out, or FOMO, can be a powerful inducement for investors, particularly in the volatile world of cryptocurrency. On Wednesday, the emotion helped push the world's most popular digital coin to price levels it hasn't seen in years. As is often the case, on the back of that increase, a large number of altcoins followed suit, with more than a few rising at a double-digit percentage.

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Payment tech offers everything private equity firms like GTCR love

PE Hub

'All commerce ultimately requires payment, so the space is always highly relevant and evolving,' said GTCR's Aaron Cohen. The post Payment tech offers everything private equity firms like GTCR love appeared first on PE Hub.

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Forget Bitcoin and Ethereum: This Cryptocurrency Is Poised for an Incredible Run

The Motley Fool

Cryptocurrencies are waking up after another long slumber. Ethereum (CRYPTO: ETH) has gained 92% over the last year, while Bitcoin (CRYPTO: BTC) climbed 128% higher. From the introduction of new crypto-based investment vehicles to the upcoming halving of Bitcoin-mining rewards , many forces have combined to thaw the latest crypto winter. But not every cryptocurrency has been invited to the party yet, even if their growth prospects look at least as promising as Bitcoin's or Ethereum's.

Stakes 246
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HarbourView to acquire Full Force’s select songwriting and publishing assets

PE Hub

HarbourView has acquired over 45 music catalogs to date. The post HarbourView to acquire Full Force’s select songwriting and publishing assets appeared first on PE Hub.

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3 Ways Americans Are Coping With High Car Insurance Costs

The Motley Fool

Image source: Getty Images Car insurance just seems to keep getting more expensive. And now the total cost of car ownership is forcing many Americans to rethink their personal finances and find savings in other ways. A recent survey from car ownership app Jerry found that Americans are cutting back on other everyday spending to help cover the ever-rising costs of car insurance.

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TSCP-backed PestCo Holdings snaps up residential pest control firm PestShield

PE Hub

PestCo is a provider of pest control services to residential and commercial customers. The post TSCP-backed PestCo Holdings snaps up residential pest control firm PestShield appeared first on PE Hub.

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Silver Oak-backed Summit scoops up data center services firm Deft

PE Hub

Summit is a provider of virtual services and cloud-based application hosting. The post Silver Oak-backed Summit scoops up data center services firm Deft appeared first on PE Hub.

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Use Your Vehicle for Business? This One Mistake Could Get You Audited

The Motley Fool

Image source: Getty Images One of the benefits of being self-employed is getting to enjoy a host of different tax breaks. You may, for example, be eligible for a home office deduction if you work out of your home and have an area used solely for business purposes. You can also save money on your taxes by deducting expenses that include professional license fees, equipment, and office supplies, like pens and notepads.

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GenNx360 taps Buxton-Punch as business development director

PE Hub

In this role, Buxton-Punch will manage all aspects of the origination process for both platform and bolt-on acquisitions. The post GenNx360 taps Buxton-Punch as business development director appeared first on PE Hub.

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3 Reasons to Avoid a Roth 401(k) for Your Retirement Savings

The Motley Fool

More and more employers are offering workers access to a Roth 401(k). And with the passage of the SECURE 2.0 Act at the end of 2022, you may be able to receive your company match in your Roth account as well. This account offers the potential for a tax-free retirement. You'll pay taxes on any amount contributed to a Roth 401(k), but you won't pay any capital gains tax or income tax on withdrawals in retirement.

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HighPost appoints Steinle as managing director and IR head

PE Hub

He will be based in West Palm Beach, Florida. The post HighPost appoints Steinle as managing director and IR head appeared first on PE Hub.

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Rivian Stock Has 135% Upside, According to 1 Wall Street Analyst

The Motley Fool

Investors in Rivian Automotive (NASDAQ: RIVN) suffered staggering losses last week after the maker of electric trucks, vans, and SUVs reported mixed earnings Wednesday. The news wasn't all bad. For one thing, Rivian reported sales ahead of analyst targets at $1.32 billion, and its earnings weren't much worse than expected at $1.36 per share. However, management told investors that Rivian will only produce 57,000 electric vehicles in 2024 -- about as many as it produced in 2023.

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Great Hill-backed Totango merges with software firm Catalyst

PE Hub

Redwood City, California-based Totango is an enterprise customer success software firm. The post Great Hill-backed Totango merges with software firm Catalyst appeared first on PE Hub.

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Why SoundHound AI Stock Is Plummeting Today

The Motley Fool

SoundHound AI (NASDAQ: SOUN) stock lost ground Wednesday morning -- trading 8% lower as of 10:30 a.m. ET, according to data from S&P Global Market Intelligence. The audio-technologies specialist's shares had been down by as much as 14% earlier in the session. Before the market opened Wednesday, a Northland analyst published a note that took a more cautious position on the stock.

Stakes 246
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Norea Capital picks up stake in Versacom

PE Hub

Versacom is a professional multilingual translation agency. The post Norea Capital picks up stake in Versacom appeared first on PE Hub.

Stakes 223
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The Best Bargain at Target Could Be its Stock

The Motley Fool

Target (NYSE: TGT) has had its problems over the past couple of years. Management's miscalculation on the types and amounts of some inventory led to heavily discounted sales. Supply chain disruptions didn't help that situation. It also had well-publicized theft issues that led it to actually close several stores. That all resulted in lower profitability, and investors bailed out of Target stock.

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Advent International invests in Brazilian haircare brand Skala

PE Hub

In connection with Advent’s investment, Cyro Gazola has been appointed CEO of Skala. The post Advent International invests in Brazilian haircare brand Skala appeared first on PE Hub.

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Exxon Might Derail Chevron's $60 Billion Megadeal. Is the Oil Stock Still a Buy?

The Motley Fool

Last October, Chevron (NYSE: CVX) made a bold move to counter a similar one by rival ExxonMobil (NYSE: XOM). It agreed to acquire Hess (NYSE: HES) in a $60 billion megadeal shortly after Exxon decided to buy Pioneer Natural Resources for $64.5 billion. The main draw was Hess' 30% stake in the Exxon-operated Stabroek block offshore Guyana. It would help enhance and extend Chevron's growth outlook into the 2030s.

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Northleaf exits Denver toll road project Northwest Parkway

PE Hub

The buyer is VINCI Highways, a France-based subsidiary of VINCI Concessions, a concession operator and construction company. The post Northleaf exits Denver toll road project Northwest Parkway appeared first on PE Hub.

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Axon's Insane Growth Continues, and the Stock Jumps 10%

The Motley Fool

Axon (NASDAQ: AXON) reported another outstanding quarter in Q4 of 2023, and the company's guidance for 2024 was strong as well. In this video, Travis Hoium goes through the numbers and shows where Axon may be going next. *Stock prices used were end-of-day prices of Feb. 27, 2024. The video was published on Feb. 28, 2024. Should you invest $1,000 in Axon Enterprise right now?

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Yellow Point’s Fresh Prep Foods adds Cook it Recipes to its kit

PE Hub

Cook it Recipes is a Montreal-based meal kit business. The post Yellow Point’s Fresh Prep Foods adds Cook it Recipes to its kit appeared first on PE Hub.

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3 Crypto Stocks That Have Outperformed Bitcoin Over the Past Year

The Motley Fool

The price of Bitcoin (CRYPTO: BTC) has more than doubled during the past year. The launch of new spot Bitcoin exchange-traded funds (ETFs) has helped drive more excitement in the cryptocurrency. And many investors have been looking at the asset as "digital gold," and as an alternative to the equity markets. While Bitcoin has been a great investment of late, there are three crypto stocks that have done even better than the popular digital currency.

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Nordic Capital acquires financial analytics firm ActiveViam

PE Hub

As part of the transaction, Guidepost Growth Equity, which first invested in ActiveViam in 2019, will sell all its shares. The post Nordic Capital acquires financial analytics firm ActiveViam appeared first on PE Hub.

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Where Will Arm Holdings Stock Be in Five Years?

The Motley Fool

With shares up by 83% year to date, Arm Holdings (NASDAQ: ARM) enjoyed explosive stock price growth based on artificial intelligence (AI)-related optimism, which could boost sales for its intellectual property licensing business. But despite the hype, the company's valuation has become uncomfortably high. Let's discuss what the next five years could have in store for this booming stock.

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Soto joins Mauloa as GP and West Coast lead

PE Hub

Prior to Mauloa, Soto founded Kaizen Reserve, Inc. The post Soto joins Mauloa as GP and West Coast lead appeared first on PE Hub.

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Nvidia Stock Still Has 78% Upside, According to 1 Wall Street Analyst

The Motley Fool

There's no getting around it: Nvidia (NASDAQ: NVDA) has been a rock star among the Wall Street set since the artificial intelligence (AI) revolution kicked off just over a year ago. In fact, since the beginning of 2023, shares of the semiconductor company have soared nearly 441%. One Wall Street analyst believes there's still much more to come. Profiting from the AI boom Rosenblatt analyst Hans Mosesmann, the self-professed "most bullish analyst on Nvidia," boosted his price target to $1,400 whi

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GTCR invests in dental services firm 7to7

PE Hub

In addition to this transaction, Kelly McCrann has joined 7to7 as executive chairman. The post GTCR invests in dental services firm 7to7 appeared first on PE Hub.

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Why Super Micro Computer Stock Is Falling Due to Nvidia and SoundHound AI News Today

The Motley Fool

Super Micro Computer (NASDAQ: SMCI) stock is pulling back in Wednesday's trading. The company's share price was down 2.9% as of 3 p.m. ET, according to data from S&P Global Market Intelligence. The otherwise red-hot artificial intelligence (AI) stock had been down as much as 4.6% earlier in the day's trading. While there isn't any business-specific news driving Supermicro's stock lower today, the company's valuation is dipping due to developments for other high-profile AI companies.

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BKM Capital buys Canyon Industrial Center for $70.2m

PE Hub

The seller is an unnamed global investment advisor. The post BKM Capital buys Canyon Industrial Center for $70.2m appeared first on PE Hub.

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1 Ridiculously Cheap Semiconductor Growth Stock Under $10

The Motley Fool

In today's video, I discuss recent updates affecting Indie Semiconductor (NASDAQ: INDI). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Feb. 27, 2024. The video was published on Feb. 27, 2024. Should you invest $1,000 in Indie Semiconductor right now?

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Ares private equity co-head to leave firm, GTCR explores payment tech

PE Hub

Ares PE co-head Graves is departing. The post Ares private equity co-head to leave firm, GTCR explores payment tech appeared first on PE Hub.

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Is Nvidia's Investment a Massive Game-Changer for SoundHound AI?

The Motley Fool

Companies invest in other companies all the time with no fanfare. But heads turn when a company the size and stature of Nvidia (NASDAQ: NVDA) does it. This was the case when an Nvidia filing revealed a $3.7 million position in SoundHound AI (NASDAQ: SOUN). As you can see, the stock shot up overnight. For perspective, SoundHound has a market cap of around $1 billion, so this investment is well under 1% of its market cap and almost nothing to Nvidia's nearly $2 trillion market cap.

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Nordic Capital takes majority stake in financial analytics firm ActiveViam

PE Hub

As part of the transaction, Guidepost Growth Equity, which first invested in ActiveViam in 2019, will sell all its shares. The post Nordic Capital takes majority stake in financial analytics firm ActiveViam appeared first on PE Hub.

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Nvidia Stock Investors Just Got Great News From This Semiconductor Company

The Motley Fool

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Feb. 27, 2024. The video was published on Feb. 27, 2024. Should you invest $1,000 in Nvidia right now?

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