Thu.Feb 29, 2024

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Why Chemours Stock Crashed 37% This Morning

The Motley Fool

Shares of chemicals company Chemours (NYSE: CC) tumbled 37.3% through 11:10 a.m. ET on Thursday after announcing it will need to postpone the release of its Q4 and full-year financial results for 2023 -- and that it is replacing its CEO, its CFO, and its controller as well. In the meantime, as investors await its final and official results, management released preliminary estimates showing that sales probably fell 12% in 2023 and that the company flipped from a 2022 profit to a 2023 loss.

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Professional pickleball organizations PPA Tour and MLP complete merger

PE Hub

The merger is backed by a $75 million investment from backers that include private equity firm SC Holdings, D.C. Pickleball Team owner Al Tylis and PPA Tour owners Tom Dundon and the Pardoe Family. The post Professional pickleball organizations PPA Tour and MLP complete merger appeared first on PE Hub.

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Billionaire Bill Gates Has 82% of His $42 Billion Portfolio in Just 4 Stocks

The Motley Fool

Most investors are no doubt familiar with Bill Gates, billionaire philanthropist and co-founder of Microsoft (NASDAQ: MSFT). After helming the technology company for a quarter of a century, the chief executive stepped down to spend more time on his charitable endeavors. Since then, Gates has grown his wealth and is now worth an estimated $127.7 billion, according to Forbes , making him the seventh-richest person in the world.

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MDP-backed Navacord snaps up Avant Insurance  

PE Hub

Avant Insurance is a brokerage specializing in both personal and commercial lines. The post MDP-backed Navacord snaps up Avant Insurance appeared first on PE Hub.

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Is Ripple (XRP) a Millionaire-Maker?

The Motley Fool

Valued at more than $2.2 trillion right now, the cryptocurrency market appears to be leaving the so-called crypto winter behind. Thanks to surging optimism, especially for top digital assets like Bitcoin (CRYPTO: BTC) and Ethereum , the industry is back in investors' good graces. But not all cryptocurrencies have skyrocketed. XRP (CRYPTO: XRP) , which carries a market cap of $30 billion, is up only 39% in the last 12 months.

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Ares Management invests in fiber broadband provider Bluepeak

PE Hub

Bluepeak was acquired by GI Data Infrastructure in 2021. The post Ares Management invests in fiber broadband provider Bluepeak appeared first on PE Hub.

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Moelis appoints Trauber as chairman and global head of energy and clean technology

PE Hub

Based in Houston, Trauber will lead the firm’s global efforts in this space. The post Moelis appoints Trauber as chairman and global head of energy and clean technology appeared first on PE Hub.

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Viking Therapeutics: A Teachable Moment About Investing for the Long Term

The Motley Fool

On Tuesday, Viking Therapeutics (NASDAQ: VKTX) , a clinical-stage biotech specializing in treatments for metabolic diseases, saw its stock price surge by a staggering 121% in response to a clinical update for its mid-stage obesity candidate, VK2735. Over the past three years, this company's shares have rocketed by more than 1,100%, making it one of the best-performing biotech stocks over this period.

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Leeds Equity snaps up TouchPath from Millpond

PE Hub

In October 2018, Millpond acquired a controlling interest in TouchMath. The post Leeds Equity snaps up TouchPath from Millpond appeared first on PE Hub.

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2 Dividend Stocks to Buy and Hold Forever

The Motley Fool

Dividend investors don't like payout decreases or suspensions, hence the importance of finding companies that are unlikely to resort to these moves. But that's not always easy. There are plenty of dividend stocks on the market. Many will end up disappointing investors. We recently saw two such examples -- Medical Properties Trust and Walgreens Boots Alliance -- two high-profile dividend payers which slashed their payouts over the past six months.

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Silver Lake-backed First Advantage to buy background screening service provider Sterling Check Corp

PE Hub

The transaction puts Sterling at a valuation of about $2.2 billion. The post Silver Lake-backed First Advantage to buy background screening service provider Sterling Check Corp appeared first on PE Hub.

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The Ultimate Cryptocurrency to Buy With $100 Right Now

The Motley Fool

The two top cryptocurrencies by market cap -- Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) -- continue to set the pace for the overall crypto market. Right now, both are up about 45% so far this year. But there's one cryptocurrency that investors have largely overlooked, and that's Solana (CRYPTO: SOL). For much of the year, Solana has been stuck near $100 -- it's up just 12% in 2024.

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Goldman PE group runs big single-asset process on healthcare business

PE Hub

The deal is among a slew of large single-asset processes that are either active, or coming online, as 2024 shapes up to be a busy one for the secondaries market. The post Goldman PE group runs big single-asset process on healthcare business appeared first on PE Hub.

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Could This Be the First Sign of Weakness for Nvidia Stock?

The Motley Fool

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA). 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. 28, 2024. The video was published on Feb. 28, 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy

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Software firm Accelo grabs investment from Bow River

PE Hub

As part of the transaction, John Raeder and Maitlan Cramer will join the Accelo board of directors. The post Software firm Accelo grabs investment from Bow River appeared first on PE Hub.

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3 Warren Buffett Stocks to Hold Forever

The Motley Fool

Warren Buffett may very well be the best-known investor in history. Through decades of investing success that's seen his net worth skyrocket to over $130 billion and his company, Berkshire Hathaway , become one of the world's most valuable companies, it's easy to see why. Buffett and Berkshire Hathaway's success has inspired investors to mimic some of their investments to try and replicate some of their success.

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Girls Just Want to Have Funds: Pophouse buys Cyndi Lauper catalogue

PE Hub

Cyndi Lauper is an US singer and songwriter. The post Girls Just Want to Have Funds: Pophouse buys Cyndi Lauper catalogue appeared first on PE Hub.

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3 Charts That Show How the Crypto Bull Market Is Just Getting Started

The Motley Fool

Finally, after two long years, things are picking back up in the crypto world. Since the beginning of the year, the total crypto market has grown by 35%, just 20% off from eclipsing its all-time high of $2.8 trillion in late 2021. With such a significant jump, it's reasonable to worry that crypto's momentum may sputter, making an investment today too risky.

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GFL Environmental sets price for up-sized secondary offering

PE Hub

The selling shareholders include Ontario Teachers’ Pension Plan and HPS Investment Partners. The post GFL Environmental sets price for up-sized secondary offering appeared first on PE Hub.

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Should You Buy Ripple (XRP) While It's Around $0.60?

The Motley Fool

The XRP (CRYPTO: XRP) cryptocurrency, often called Ripple, is sitting out the current crypto rally. Bitcoin (CRYPTO: BTC) has gained 57% in the last month, as of the evening of Feb. 28, while Ethereum (CRYPTO: ETH) has risen by 52%. But XRP only posted a 12% price increase over the same period: XRP Price data by YCharts. As a result, the XRP crypto is changing hands just below $0.60 per digital coin, in line with the average prices of the last six and 12 months.

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Summit Partners invests in restoration services firm Insurcomm

PE Hub

Summit’s investment will support Insurcomm’s expansion. The post Summit Partners invests in restoration services firm Insurcomm appeared first on PE Hub.

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1 Top Cryptocurrency to Buy Before It Soars 700% to 2,900%, According to Certain Wall Street Analysts

The Motley Fool

The price of Bitcoin (CRYPTO: BTC) is based on supply and demand. However, because supply will never exceed 21 million coins, demand for the cryptocurrency is the only variable of consequence. That means the future price trajectory of Bitcoin depends entirely on whether demand increases or decreases from its current level. With that in mind, certain Wall Street analysts believe two catalysts will boost demand for Bitcoin in the future, so much so that the cryptocurrency could soar 700% or more f

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Promus-backed Quest Products snaps up outdoor itch relief products maker Tec Labs

PE Hub

Quest is a branded consumer packaged goods company that manufactures, sells and distributes national brands to retail and online stores. The post Promus-backed Quest Products snaps up outdoor itch relief products maker Tec Labs appeared first on PE Hub.

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My Homeowners Insurance Was Just Canceled. Here's Why, and What I Plan to Do About It

The Motley Fool

Image source: Getty Images I own a second home/investment property in the Orlando, Florida area. And as is the case with many investment properties, there have been several curveballs thrown my way in the three years since I bought it. For the latest curveball, I received a notice a few months ago from my homeowners insurance company that my policy will not be renewed upon its expiration in May.

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PE-backed Toney Healthcare acquires Medicare Advantage consultancy Rebellis Group

PE Hub

Toney is a health plan consultancy. The post PE-backed Toney Healthcare acquires Medicare Advantage consultancy Rebellis Group appeared first on PE Hub.

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Why Duolingo Stock Is Soaring Today

The Motley Fool

Shares of Duolingo (NASDAQ: DUOL) are posting enormous gains today. The leading language-learning expert published stellar fourth-quarter results after Wednesday's closing bell, driving stock prices as much as 23.1% higher the next morning. It cooled down to a still impressive 16% gain by 1 p.m. ET. Duolingo's Q4 by the numbers Duolingo's fourth-quarter revenue rose 45% year over year, landing at $151 million.

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CenterOak-backed Shamrock Environmental acquires waste services firm IG Environmental

PE Hub

Shamrock is a provider of essential environmental services. The post CenterOak-backed Shamrock Environmental acquires waste services firm IG Environmental appeared first on PE Hub.

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Are You Missing Out on This Stock's Monster Dividend Raise?

The Motley Fool

Broadcom (NASDAQ: AVGO) continues to stand out among tech stocks for its dividend. During its earnings announcement for the fourth quarter of 2023, it announced what has become an annual payout hike, raising the dividend by 14% to $21 per share annually. Still, at a 1.6% dividend yield , it is not far above the S&P 500 average of 1.4%. That may leave investors questioning whether it is a buy for its payout or whether they should evaluate Broadcom based on its potential for stock price growth

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Goldman pursues continuation fund for Omega Healthcare; Moelis hires Stephen Trauber; and Cyndi Lauper catalog sells to Pophouse

PE Hub

It’s February 29, 2024, or Leap Day, and we have a continuation fund scoop, energy banker big mover and pop music diva to throw at you. The post Goldman pursues continuation fund for Omega Healthcare; Moelis hires Stephen Trauber; and Cyndi Lauper catalog sells to Pophouse appeared first on PE Hub.

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Nvidia Stock Heading to $1,000?

The Motley Fool

Fool.com contributor Parkev Tatevosian evaluates the probability that Nvidia 's (NASDAQ: NVDA) stock price will reach $1,000. *Stock prices used were the afternoon prices of Feb. 26, 2024. The video was published on Feb. 28, 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, 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 Nvidia wasn’t one of them.

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CenterOak-backed Shamrock Environmental acquires waste services firm JG Environmental

PE Hub

Shamrock is a provider of essential environmental services. The post CenterOak-backed Shamrock Environmental acquires waste services firm JG Environmental appeared first on PE Hub.

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3 Housing Market Predictions for March 2024

The Motley Fool

Image source: The Motley Fool/Upsplash If you've been trying to break into the real estate market for quite some time without any luck, you're not alone. For several years now, buyers have had to deal with the unfortunate combination of elevated home prices and expensive mortgages. And sellers have been stuck, too. Many people refinanced existing home loans when mortgage lenders lowered their rates tremendously in 2020 and 2021.

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Ocean Avenue Hard Caps Another Fund

Private Equity Professional

Ocean Avenue Capital Partners has held an oversubscribed, hard cap, and final closing of the firm’s fifth fund, Ocean Avenue Fund V LP, with $600 million in capital commitments. Limited partners in the new fund include endowments and foundations, corporate and public pension plans, insurance companies and family offices across the United States, Europe, Asia,… This content is for members only.

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3 Things You Need to Know If You Buy New York Community Bancorp Today

The Motley Fool

The big news around New York Community Bancorp (NYSE: NYCB) right now is its recent dividend cut. That's the very first thing that investors need to know if they buy shares of this bank. But there's more to the story here than the somewhat surprising dividend reduction management announced when it released fourth-quarter 2023 earnings. Here are three quick and important facts you need to know today. 1.

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