Sat.Dec 02, 2023 - Fri.Dec 08, 2023

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The Fed Matters Less Than You Think

A Wealth of Common Sense

These were some of the prevailing narratives from the post-GFC world: We only had a bull market in the 2010s because of the Fed juicing the economy. The only reason tech stocks did well is because of low interest rates. The only reason stocks kept recovering from every correction so quickly is because of the Fed put. These narratives all have a kernel of truth to them.

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Why Cassava Sciences Stock Soared Today

The Motley Fool

Ambitious biotech Cassava Sciences (NASDAQ: SAVA) had a fine Friday on the stock market, with its shares closing more than 17% higher. That stock-price pop trounced the performance of the S&P 500 index, which only bumped 0.4% higher. Investors were cheered by a crucial set of appointments announced by the company after market hours Thursday. Cassava named three new board members Cassava, which concentrates its efforts on treatments for Alzheimer's disease, said that it had appointed three ne

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Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture

Blackstone News

JV will deliver approximately 500 megawatts of IT capacity across three Tier 1 metros in Europe and North America Austin, TX and New York – December 7, 2023 – Digital Realty ( NYSE: DLR ), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and Blackstone Inc. (NYSE: BX) announced today that Blackstone-affiliated funds led by Infrastructure, Real Estate and Tactical Opportunities have agreed to establish a joint venture with Digital Re

Legal 132
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Artisan AI Raises Additional Funding; doubles Valuation to $30M

FinSMEs

Artisan AI, a San Francisco, CA-based AI startup that plans to build human-like digital workers, raised additional funding from a Sequoia scout, which has doubled the valuation from $15m to $30m. The company, which recently raised a $2.3M pre-seed, will be participating in the W24 Y Combinator batch. Founded by 22-year-old CEO Jaspar Carmichael-Jack (me!

Startups 113
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Successful Investing is Hard

A Wealth of Common Sense

After Charlie Munger passed away this week, I went looking through an old post I wrote about his investing principles from a decade ago. There was a table I recreated that showed the annual returns from the Munger Partnership, which was the fund he ran before joining Buffett at Berkshire Hathaway for good: The results are spectacular but look at how volatile his returns were.

Investing 111
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Where Will UPS Stock Be in 1 Year?

The Motley Fool

Investing is more about where a stock is going than where it's come from. Moreover, if you could see a snapshot of what it would look like a year ahead and take a stab at guessing what kind of valuation it might trade on, you could put together an estimate of the type of return you could get from investing in a stock like UPS (NYSE: UPS). In that line of thought, here's a look at what UPS could look like in a year.

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ARTBIO Raises $90M in Series A Financing

FinSMEs

ARTBIO, a Cambridge, MA- and Basel, Switzerland-based clinical-stage radiopharmaceutical company, raised $90M in Series A funding. The round was led by Third Rock Ventures and an undisclosed healthcare fund. Additionally, seed lead investors F-Prime Capital and Omega Funds also participated. The company intends to use the funds to solidify its proprietary Pb212 isolation technology AlphaDirect™ […] The post ARTBIO Raises $90M in Series A Financing appeared first on FinSMEs.

Financing 113
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What Happens After a 20% Up Year in the Stock Market?

A Wealth of Common Sense

A reader asks: Sure it’s great the S&P 500 is up 20% this year but aren’t we just pricing in the inevitable Fed rate cuts in 2024? Should we really expect the market to go up again next year after surprising to the upside this year? Color me skeptical. Full disclosure: I’m naturally bearish and take a bit of an anti-Ben stance about the markets.

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1 Surprising Artificial Intelligence (AI) Growth Stock to Buy Before It Soars 740%, According to Cathie Wood's Ark Invest

The Motley Fool

When artificial intelligence (AI) is mentioned Microsoft, Nvidia , and Alphabet are often the first stocks that come to mind. And for good reason. They're all excellent companies, and each one, in its own way, is responsible for exciting AI innovations. There is, however, another stock worth mentioning. Indeed, in some respects, this company's future is riding on its ability to develop a specific form of AI.

Investing 246
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Tangible change at Fordham endowment in manager re-vamp

Top 1000 Funds

Geeta Kapadia, CIO of Fordham University’s $1 billion endowment is rolling out a suite of changes that include paring back the fund's 50 or so manager relationships, introducing new passive allocations, testing the water on internal management in fixed income and preparing the ground for an inaugural sustainability strategy.

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InpharmD Raises $6.05M in Funding

FinSMEs

InpharmD, an Atlanta, GA-based provider of an AI-based drug information service, raised $6.05M in funding. The round was led by 645 Ventures. Other investors included Atlanta Ventures, Y Combinator, Qlarant Capital, SF ELC, and angels. Jon Smith, Vice President at 645 Ventures will be joining InpharmD’s board of directors. The company intends to use the funds to expand operations […] The post InpharmD Raises $6.05M in Funding appeared first on FinSMEs.

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$5 Million is Nothing

A Wealth of Common Sense

One of my favorite scenes from the final season of Succession is when Cousin Greg turns on his grandfather and gets cut out of the will: Subscribe to The Compound so you never miss an episode. Further Reading: Careful What You Wish For Now here’s what I’ve been reading lately: It’s more than just vibes (Kyla’s Newsletter) Why do we have to keep re-reading the same 3 articles?

Capital 105
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79% of Warren Buffett's $363 Billion Portfolio Is Invested in Just 6 Stocks

The Motley Fool

For a span of nearly six decades, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been wowing Wall Street with his investing prowess. Despite being just as fallible as any other investor, the Oracle of Omaha and his team have overseen a nearly 20% annualized return since the mid-1960s. On an aggregate basis, we're talking about a gain for the company's Class A shares (BRK.A) of almost 4,400,000% since Buffett took over.

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Monthly NFPs Are Rounding Errors

The Big Picture

You may have missed the most important data point in today’s Employment report. It wasn’t that Nonfarm payrolls increased by 199,000 in November, somewhat higher than expected; nor was it the unemployment rate, which fell to 3.7% in November, from 3.9% in October; nor was it that Wages continued to rise at a modest pace, with average hourly earnings up 0.6%.

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Ladder Raises $12M in Series A Funding

FinSMEs

Ladder, an Austin, TX-based, provider of an app for strength training, raised $12M in Series A funding. The round was led by Tapestry VC and LivWell Ventures. The company intends to use the funds to expand operations and its business reach. Led by CEO Greg Stewart, Ladder provides a training app, which makes it easy […] The post Ladder Raises $12M in Series A Funding appeared first on FinSMEs.

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Blackstone Acquires Power Grid Components, Inc., a Leading Supplier of Critical Components for the Electrical Grid

Blackstone News

New York, December 5, 2023 – Today, Blackstone (NYSE: BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. (“PGC”) from Shorehill Capital LLC. PGC is a leading domestic designer and manufacturer of a wide range of critical components for protection, monitoring, and safety applications in electrical substations, an essential segment of the electrical grid responsible for managing and monitoring power flows and converting ele

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Meta Platforms Was the Best FAANG Stock in 2023. Can It Repeat in 2024?

The Motley Fool

Over the past decade, the FAANG stocks have represented the pinnacle of tech investing. However, after a terrible 2022, where many of them lost significant value, some wondered if their run was over. 2023 was a sharp reversal of that trend, and many FAANG stocks regained their status as great investments. The group is made up of these stocks: Facebook (now known as Meta Platforms (NASDAQ: META) ) Amazon Apple Netflix Google (now known as Alphabet ) None of these five had a better 2023 than Meta,

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MiB: Michael Fisch, American Securities

The Big Picture

This week, we speak with Michael Fisch , CEO and co-founder of American Securities , a $27-billion dollar private equity firm. He is a managing member of the general partners of the American Securities Partners’ series of private equity funds and a member of the investment committee of AS Birch Grove. He was previously a partner in two private equity funds, a consultant in the Paris office of Bain & Co., and worked in the mergers and acquisitions department of Goldman Sachs.

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DataCebo Raises $8.5M in Seed Funding 

FinSMEs

DataCebo, a Boston, MA-based provider of Generative AI solutions to enhance developer productivity, raised $8.5M in Seed funding. The round was led by Link Ventures and Zetta Venture Partners. Uncorrelated Ventures also participated. The company intends to use the funds to advance its product and to build a go-to-market team. Led by Kalyan Veeramachaneni (CEO) […] The post DataCebo Raises $8.5M in Seed Funding appeared first on FinSMEs.

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Help Boost Your Income with These 3 Strategies

Integrity Financial Planning

Do you feel like you have enough saved for retirement? Do you have anything saved for retirement? If your answer to either of these questions is no, then our advisors may have some strategies to help you turn your retirement income strategy around. Here are some things that our advisors recommend when it comes to boosting your retirement savings: Assess Your Financial Situation Honestly This isn’t as easy as it sounds.

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3 Reasons to Seriously Consider Using a Will to Pass Inheritance to Your Family

The Motley Fool

This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. It can be tempting to put off planning your final wishes as you move through your working life and beyond, especially if your assets are fairly simple. For instance, if you can cover everything by simply naming beneficiaries for your retirement accounts and ensure your spouse is co-owner on the deed to your home and your other investment and bank accou

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The Charlie Munger Manifesto (via Vishal)

The Big Picture

The Charlie Munger Manifesto / PDF The post The Charlie Munger Manifesto (via Vishal) appeared first on The Big Picture.

Companies 116
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Flow48 Raises $25M in Pre-Series A Funding

FinSMEs

Flow48, a UAE-based fintech startup which transforms future revenues into up-front capital under flexible terms, raised $25M in Pre-Series A funding. The round saw participation from Speedinvest, Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, and TLG, as well as angel investors, among them Scott Sandell from NEA. The company intends to use the […] The post Flow48 Raises $25M in Pre-Series A Funding appeared first on FinSMEs.

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The real impact of the ESG backlash

Financial Times: Moral Money

As opinions shift, asset managers like BlackRock are talking more about maximising returns than about saving the world

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1 Magnificent Growth Stock to Buy for 2024

The Motley Fool

It was a volatile one, but 2023 turned out to be a great year for growth stocks. The tech-heavy Nasdaq Composite Index gained over 35% through early December, or nearly double the 19% rally that the S&P 500 saw in that time. Some of the biggest winners were Nvidia and Meta Platforms , up 211% and 165%, respectively. Amazon (NASDAQ: AMZN) stock had a respectable showing, rising over 70% for the year.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • America’s undying empire: why the decline of US power has been greatly exaggerated : For more than a decade, people have been saying that the era of US dominance is coming to an end. But in reality there are still no other global players to rival it. ( The Guardian ) • The Inside Story of Microsoft’s Partnership with OpenAI : The companies had honed a protocol for releasin

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ContactMonkey Raises $55M in Series A Funding

FinSMEs

ContactMonkey, a Toronto, Canada-based internal email communications platform, closed a Series A funding of $55m. Updata Partners made the investment. As part of the deal, Updata Partner Braden Snyder and Operating Partner Sloan Gaon will join ContactMonkey’s Board of Directors. The company intends to use the funds to double down on its success in Canada, Europe, the US […] The post ContactMonkey Raises $55M in Series A Funding appeared first on FinSMEs.

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Why investors failed to embrace Jeff Ubben’s Inclusive Capital

Financial Times: Moral Money

Veteran activist cites loss of confidence in winding down of environmental and social fund manager

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Better Artificial Intelligence (AI) Stock: Nvidia vs. Amazon

The Motley Fool

All eyes have been on artificial intelligence (AI) this year, and for good reason. The market hit a value of $137 billion in 2022 and is projected to expand at a compound annual growth rate of 37% through 2030 (per Grand View Research). The sector is expanding quickly, leading numerous tech companies to restructure their business models with a priority on AI.

Prospects 246
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Where Will Intel Stock Be in 3 Years?

The Motley Fool

This has been a rewarding year for Intel (NASDAQ: INTC) investors, with shares of the semiconductor company jumping 60%. This year of growth also marked an end to multiple years of underperformance triggered by market share losses to Advanced Micro Devices , challenges in crucial markets such as personal computers (PCs) and data centers, and its inability to exploit new opportunities like gaming graphics cards.

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Stock-Split Watch: 2 Unstoppable "Magnificent Seven" Stocks That Could Split Their Shares in 2024

The Motley Fool

One of the more striking trends in recent years has been the resurgence of stock splits. The introduction of no-cost and low-cost trading in recent years has eliminated the need to buy stocks in round lots of 100 shares. Yet as the current stock market rally has illustrated, share prices can quickly rise to hundreds or thousands of dollars, discouraging smaller retail investors from buying the stock.

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AbbVie's on an Acquisition Binge. Could Your Favorite Biotech Stock Be Next?

The Motley Fool

These days, it seems like biotech buyout offers are falling from the sky. During the week ended Dec. 6, AbbVie (NYSE: ABBV) announced not one but two big acquisitions. The pharma giant's latest big buyout offer is for Cerevel Therapeutics (NASDAQ: CERE) , a clinical-stage company developing treatments for schizophrenia and other neurological conditions.

Buyout 246
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Here's How Being an Adventurous Traveler Saves Me Money

The Motley Fool

Image source: Getty Images Travel is a major "fun" purchase I prioritize when I budget how to spend my money. As a frequent traveler, I know how expensive travel costs can quickly add up if you're not careful. But one hack has helped me reduce my spending: Being an adventurous traveler helps me keep more money in my bank account as I explore more of the world.

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3 High-Yielding Dividend Stocks That Are Near Their 52-Week Lows

The Motley Fool

Are you looking for some quality dividend stocks to buy right now? When it comes to investing, it's often a good idea to check out those that haven't been doing too well lately and are trading near their lows. If the businesses are in good shape, that can make for great buying opportunities because when stock prices are down, that means yields are up.

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