Mon.Aug 14, 2023

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Virgin Galactic Is Ringing the Warning Bells, and Investors Shouldn't Cover Their Ears

The Motley Fool

There are major crosscurrents impacting Virgin Galactic (NYSE: SPCE) today. On the one hand, the company has finally begun operating its space tourism business. On the other, its business model is actually dependent on a second-generation spaceship that is still in the early stages of development. The best way to see the financial mismatch this will cause is by comparing Virgin Galactic's financial statements to its financial projections.

Investors 246
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Blackstone raises record $7bn for energy transition private credit fund

Private Equity Insights

Blackstone has held the final close of its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III) at its hard cap of $7.1bn, making it the largest energy transition private credit fund ever raised. BGREEN III is managed by Blackstone Credit’s Sustainable Resources Platform, which focuses on providing private credit to the renewable energy, infrastructure, and energy transition marketplace.

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Rocket Lab Stock Has a Long Way to Go -- Should Investors Stay Along for the Ride?

The Motley Fool

Shares of small space-rocket launcher Rocket Lab (NASDAQ: RKLB) slipped 3% on Wednesday after the company -- sort of a small, publicly traded version of SpaceX -- reported modest growth in second-quarter sales, combined with increasing losses on the bottom line. Rocket Lab grew its sales 12% year over year in Q2 -- and roughly tripled its gross profits in comparison to the year-ago quarter.

Investors 246
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White Wolf-backed Norlee acquires Colwill Engineering

PE Hub

Norlee is a provider of electrical and specialty services focused on public works, industrial, commercial, underground, and multi-family projects across the U.S. The post White Wolf-backed Norlee acquires Colwill Engineering appeared first on PE Hub.

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Enphase Energy Stock Just Reminded Investors of This Timeless Lesson

The Motley Fool

Enphase Energy (NASDAQ: ENPH) stock hit a new two-year low on Aug. 7 and is now down over 58% from its 52-week high set in December 2022. The microinverter solar energy technology company was a Wall Street darling. But slowing growth and an overall sluggish period for the solar energy industry have cast a dark cloud over Enphase Energy stock. The sell-off in Enphase Energy may come as a surprise to investors, given that the company just posted all-time high net income.

Investors 246
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Prideaux rejoins Kainos Capital as VP

PE Hub

Prideaux first joined Kainos in 2018 and served as an associate and senior associate before attending the Wharton School where she recently earned her MBA. The post Prideaux rejoins Kainos Capital as VP appeared first on PE Hub.

Capital 196

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Kimmeridge invests in Commonwealth LNG

PE Hub

The investment completes the development funding required for Commonwealth LNG to reach final investment decision on the plant. The post Kimmeridge invests in Commonwealth LNG appeared first on PE Hub.

Investing 190
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Meet the Only 2 Publicly Traded Companies With a Higher Credit Rating Than the U.S. Government

The Motley Fool

The United States is widely regarded as the world's economic superpower. The health of the U.S. economy and stock market are considered paramount to the ongoing success of developed and emerging markets around the globe. Given the United States' preeminent status on the financial stage, a lot of attention has been paid to the landmark credit downgrade issued by Fitch Ratings on Aug. 1, 2023.

Companies 246
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Blackstone’s Martin Brand weighs in on high-quality assets, generative AI and recession resistance

PE Hub

Blackstone's Brand holds forth on a number of issues. The post Blackstone’s Martin Brand weighs in on high-quality assets, generative AI and recession resistance appeared first on PE Hub.

Assets 185
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Prediction: These 2 Artificial Intelligence (AI) Growth Stocks Will Join Apple and Microsoft in the $2 Trillion Club by 2033

The Motley Fool

One of the biggest trends to emerge in the stock market over the past couple of decades has been the increasing dominance of technology stocks. Roughly 20 years ago, General Electric and ExxonMobil were the world's largest companies in terms of market capitalization -- worth $319 billion and $283 billion, respectively. A review of the current list of chart toppers reveals just how much things have changed.

Stakes 246
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HCI Equity-backed Highland Commercial Roofing scoops up Skycraft Roofing

PE Hub

Founded in 1958, Skycraft has been family owned and operated by Mark and Phillip Mulligan for over 50 years. The post HCI Equity-backed Highland Commercial Roofing scoops up Skycraft Roofing appeared first on PE Hub.

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Better Buy: Palantir Technologies vs. Alteryx

The Motley Fool

Palantir (NYSE: PLTR) and Alteryx (NYSE: AYX) both crunch massive amounts of information to help organizations make better data-driven decisions. Palantir's Gotham platform serves the U.S. military and other government agencies, while its Foundry platform provides commercial versions of those tools. Alteryx collects data from a company's various computing platforms, then cleans up and organizes that information so it can be easily fed to third-party data visualization services.

Debt 246
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Granite Creek backs graphic communications firm Salem One

PE Hub

Also, Patriot Capital co-invested alongside Granite Creek and management. The post Granite Creek backs graphic communications firm Salem One appeared first on PE Hub.

Capital 178
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Missed Out on CRISPR Therapeutics? My Best Biotech Stock to Buy and Hold

The Motley Fool

The market experienced a wild ride in 2022, making investors hesitant to invest in the stock market. However, the S&P 500 appears to have turned the corner this year, rising 17% so far. In this recovering market, growth stocks that are still undervalued are a good option for risk-averse investors. CRISPR Therapeutics (NASDAQ: CRSP) is a gene-editing biotech company.

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Grovecourt Capital taps Rotermund as operating advisor

PE Hub

Rotermund is the former CEO and founder of Clarity Software. The post Grovecourt Capital taps Rotermund as operating advisor appeared first on PE Hub.

Capital 185
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Federal Reserve Action Boosts Hedera

The Motley Fool

What happened Investors in layer-1 blockchain network Hedera (CRYPTO: HBAR) are certainly cheering today's price action. As of 2:15 p.m. ET, Hedera has soared 16.4% over the past 24 hours, making this token one of the best-performing cryptocurrencies in the market today. As the 30th-largest crypto project by market capitalization, that's certainly quite the daily move.

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Haveli Investments acquires minority stake in Israeli mobile gaming studio Candivore

PE Hub

The price tag was about $100 million. The post Haveli Investments acquires minority stake in Israeli mobile gaming studio Candivore appeared first on PE Hub.

Stakes 179
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Will Meta Platforms Be a Trillion Dollar Company by Next Year?

The Motley Fool

With only six companies valued at $1 trillion or greater, reaching this threshold is impressive. It's also intriguing thinking about which companies will be next to join the club, as Berkshire Hathaway , Meta Platforms (NASDAQ: META) , and Tesla are all within striking distance as each is valued anywhere from $760 to $780 billion. Of these three, one company that I think is a lock for reaching a $1 trillion valuation is Meta Platforms.

Companies 246
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Lynx Equity snaps up Europe’s Kalmeijer Bakkerijmachines

PE Hub

Lynx Equity is a Toronto-based private equity firm that focuses on acquiring small and medium-sized businesses from owners looking to retire or seeking growth opportunities. The post Lynx Equity snaps up Europe’s Kalmeijer Bakkerijmachines appeared first on PE Hub.

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Here's What the Average Baby Boomer Has Saved for Retirement -- and Why It's Not Enough

The Motley Fool

Millions of retired seniors today collect monthly benefits from Social Security. But living on those benefits alone is far from ideal. Social Security will replace about 40% of the average earner's pre-retirement wages. But most seniors need more like 70% to 80% of their former income to maintain a decent standard of living. And that means retirees need to bring savings of their own into the mix to avoid financial struggles.

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Heartwood-backed Sur-Seal picks up adhesive tape products maker Ameritape

PE Hub

Sur-Seal is a provider of custom sealing solutions. The post Heartwood-backed Sur-Seal picks up adhesive tape products maker Ameritape appeared first on PE Hub.

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Down 50%, Is Enphase Stock a Buy Right Now?

The Motley Fool

In this video, I will talk about Enphase (NASDAQ: ENPH) , its recent earnings report, why the stock is down 50% year to date, and whether the stock is a buy now. *Stock prices used were from the trading day of Aug. 11, 2023. The video was published on Aug. 13, 2023. 10 stocks we like better than Enphase Energy When our analyst team has a stock tip, it can pay to listen.

Returns 246
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Northleaf invests $200m in broadband developer Tillman FiberCo

PE Hub

The potential exists for Northleaf to increase the investment to up to $300 million or more as the company scales its operations. The post Northleaf invests $200m in broadband developer Tillman FiberCo appeared first on PE Hub.

Investing 156
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The Shipping Industry Reckons with a Drier Panama

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. This time it's the Panama Canal's chance to play global supply chain bad boy. This year, a severe drought in Panama has led the local water authority to impose progressively more onerous restrictions on ships using its famous canal.

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ArcLight Capital to acquire power plant owner Kleen

PE Hub

The seller is Sojitz Corporation of America. The post ArcLight Capital to acquire power plant owner Kleen appeared first on PE Hub.

Capital 188
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Here Are Cathie Wood's 4 Favorite Warren Buffett Stocks -- and 1 Is an Absolute No-Brainer Buy Right Now

The Motley Fool

Cathie Wood's Ark Invest funds own nearly 130 stocks. Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owns over 50 stocks. There is very little overlap between the two portfolios. However, Wood does appear to share the same mindset as Buffett in a handful of cases. Here are her four favorite Buffett stocks -- and one is an absolute no-brainer buy right now. 1.

Stakes 246
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Sun Capital to snap up manufacturer Koch Separation Solutions

PE Hub

The seller is Koch Engineered Solutions. The post Sun Capital to snap up manufacturer Koch Separation Solutions appeared first on PE Hub.

Capital 173
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Here's Why I Don't Get Too Excited When My Brokerage Account Balance Increases

The Motley Fool

Image source: Getty Images Americans think it will take an average of $1.27 million to retire comfortably, according to Northwestern Mutual. I'm not as convinced that $1.27 million is the ideal retirement number. But I'm doing my best to save as much for retirement as I can. I'm using several tools to build savings for retirement. I have an IRA that I funded up until a few years ago, and I have a solo 401(k) that I contribute to regularly at present.

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Gallant expected to combine DynTek and rSolutions into IT services platform platform

PE Hub

In the tighter M&A markets burdened by more expensive debt, GPs are having to find creative ways to build platforms with an eye toward cost. The post Gallant expected to combine DynTek and rSolutions into IT services platform platform appeared first on PE Hub.

Debt 146
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Roku Stock: Buy, Sell, or Hold?

The Motley Fool

You know all the classic mistakes, right? Never go in against a Sicilian when death is on the line. Never get involved in a land war in Asia. Never assume that formerly high-flying stock will climb back to those lofty all-time highs. Vizzini from The Princess Bride can tell you all about the first two examples. I'm just here to explain why it's inconceivable that I would fall for the third one.

Prospects 246
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Blackstone’s Martin Brand: ‘High-quality assets will find a buyer’

PE Hub

'For our acquisition of Cvent, we used the market dislocation in the SPAC market to source one of the lowest revenue multiple, high growth software deals in recent years.' The post Blackstone’s Martin Brand: ‘High-quality assets will find a buyer’ appeared first on PE Hub.

Assets 158
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Uber Makes a Profit

The Motley Fool

In this podcast, Motley Fool host Ricky Mulvey and senior analyst Bill Mann discuss: Uber 's long-term vision. If the ride-hailing app deserves a victory lap. A mortgage REIT paying investors a 14% dividend yield. Overstock 's "brilliant" rebrand to Bed Bath & Beyond. Plus, Motley Fool personal finance expert Robert Brokamp and Megan Brinsfield from Motley Fool Wealth Management discuss common tax myths for digital nomads.

Taxes 245
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Gallant expected to combine DynTek and rSolutions into IT services platform

PE Hub

In the tighter M&A markets burdened by more expensive debt, GPs are having to find creative ways to build platforms with an eye toward cost. The post Gallant expected to combine DynTek and rSolutions into IT services platform appeared first on PE Hub.

Debt 130
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What Bubble? An Insider Just Bought Over $1 Million of This Booming AI Stock

The Motley Fool

Although it's not a perfect indicator, when a company insider -- either a board member or a C-suite executive -- purchases a lot of stock on the open market, it can be an encouraging sign for a stock. And it's not every day when you see a massive insider purchase of a stock that has already tripled over just a few months. Yet that's exactly what happened on Friday with artificial-intelligence (AI) server specialist Super Micro Computer (NASDAQ: SMCI) , which is certainly encouraging for sharehol

Stakes 245