2024

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Can Rivian Automotive Double in 5 Years? Here's What It Would Take.

The Motley Fool

Rivian Automotive (NASDAQ: RIVN) was one of the market's hottest stocks when it went public in November of 2021. Its stock more than doubled from its initial public offering (IPO) of $78 to its all-time high of $172.01 just a week later. At the time, investors were impressed by its production rates and its firm support from Amazon and Ford Motor. But as of this writing, Rivian's stock trades at about $10.

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The News is Making You Miserable

A Wealth of Common Sense

There was a recent poll about my home state of Michigan where they asked people for their thoughts on the state of the nation’s economy today. Just 35% of people described the economy as excellent (6%) or good (29%) while 65% described it as either not so good (28%) or poor (37%). But when asked how they would describe their own personal financial situation these days, a majority of people (61%) described their circ.

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A Short History of Stocks

The Big Picture

Confused about where we are today? A favorite exercise is to go back to first principles to consider how we got to where we are. (That is a favorite way to find fresh insights). On the equity side, you have to go back a century or so. Equities were considered speculative endeavors, best suited for gamblers and punters. The exceptions? A handful of “Widows & Orphan” stocks, like Ma Bell, some railroads, utilities and the rare bank that was not suffering regular runs.

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How The Interstate Highway System Changed American Industry

Fortune Financial

Signed into law in 1956 by then President Dwight Eisenhower, the Federal Highway Act created the Interstate Highway System , which would become the largest and costliest public works project in history. Measuring almost 48,000 miles in total distance, the Interstate Highway System was completed only in 1992, more than three decades after work began, and for a total cost in today’s dollars of more than $500 billion. ( source: Wikipedia Commons ) Inspired in large part by the German Autoba

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LabGenius Raises £35M in Series B Funding

FinSMEs

LabGenius, a London, UK-based drug discovery company, raised £35M in Series B funding. The round was led by M Ventures (the strategic, corporate venture capital arm of science and technology company Merck), with participation from additional new investors Octopus Ventures and LG Corp, together with existing investors including Atomico, Kindred Capital, Lux Capital and Obvious […] The post LabGenius Raises £35M in Series B Funding appeared first on FinSMEs.

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New Report: Businesses Increasingly Choose Private Credit for Financing

American Investment Council

Washington, D.C. – The American Investment Council (AIC) released a report today, authored by PitchBook , highlighting the growing role of private credit in serving small and middle-market businesses. “Private credit is playing a crucial role in supporting businesses and delivering impressive returns for investors, especially in uncertain times,” said Drew Maloney, President & CEO of the American Investment Council. “The industry’s resilience and flexibility are filli

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Apollo makes $11bn Paramount Pictures bid

Private Equity Wire

Private equity major Apollo Global Management has made an $11bn offer to acquire Paramount Global’s Hollywood studio, Paramount Pictures, according to a report by Reuters citing an unnamed person with knowledge of the matter. Apollo’s offer comes as as an independent committee of the company’s board of directors is reviewing a bid from Skydance Media for all of Paramount Global, which also owns CBS, Comedy Central, Nickelodeon and the Paramount+ streaming service, through the acquisition o

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Help your downsizing clients create their legacy

Investment Writing

Many investment and financial advisors have older clients who struggle with decluttering as they prepare to downsize. I picked up some useful ideas from a session presented by Matt Paxton, the host of the PBS program Legacy List and the author of a book that had the same title as his presentation, Keep the Memories, Lose the Stuff: Declutter, Downsize, and Move Forward with Your Life.

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CalPERS moots tying climate KPIs to incentive pay

Top 1000 Funds

CalPERS may tie the incentive pay of its staff to meeting climate KPIs in the near future. The fund's executive pay consultants also discussed other ways the fund should tweak incentive pay like adding an asset class investment performance weighting to the annual incentive formula.

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Update from Jon Gray: Resilience & Reacceleration

Blackstone

2023 ended with a burst of deal activity at Blackstone – a sign of renewed optimism after the Fed’s extended rate-hiking campaign. Our president, Jon Gray, unpacks why we believe this is a particularly opportune moment for investing and outlines our three focus areas for the year. He also shares his view on where the real estate market is headed as the cost of capital declines.

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A Must-Own Stock for Any Portfolio

The Motley Fool

When it comes to investing, I often look for companies that generate strong amounts of free cash flow (FCF), and companies that can grow their FCF. One company that has proven that over the years is AbbVie (NYSE: ABBV). I often refer to it as The Investor's Trifecta, offering growth potential, high yield, and solid dividend growth. Check out this short video to learn more, consider subscribing to the channel, and check out the special offer in the link below.

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30 Years of Financial Market Returns

A Wealth of Common Sense

A colleague recently asked me to run the 30 year annual returns for U.S. stocks, bonds and cash. He just wanted the returns. I couldn’t help but slice and dice the numbers and overanalyze the data because that’s what we do here. Let’s dig in. First the annual return numbers for the S&P 500, 10 year treasuries and 3 month T-bills over the 30 years ending in 2023: Some thoughts about these numbers: St.

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What Stagflation?

The Big Picture

The Misery Index — the combination of Inflation and unemployment — failed as a bearish criticism of the economy. Unemployment remains at 60-year lows, and Inflation has plummeted from 9% down to the 3s. If you have a bearish mindset , and seek confirmation of that perspective, then the next economic critique after the Misery Index you try on for size is “Stagflation.” We have heard the S-word from Jamie Dimon , Stanley Druckenmiller , Bank of America , Barclays , Fox , Ma

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Burt Malkiel & Alex Michalka’s Insights for Investors in 2024

Wealthfront

In planning your investment strategy for 2024 and beyond, there are wise principles to keep in mind: While no one can predict how market prices will move in any particular period, there are time-tested general rules that can put the odds of success squarely in your favor. In this letter we will offer some simple […] The post Burt Malkiel & Alex Michalka’s Insights for Investors in 2024 appeared first on Wealthfront Blog.

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Blackwell Security Raises $13M in Funding

FinSMEs

Blackwell Security, an Ann Arbor, MI-based provider of specialized cybersecurity solutions for the healthcare sector, raised $13M in funding. The round was led by General Catalyst and Rally Ventures. As part of the announcement, Blackwell has appointed Geyer Jones as their first Chief Executive Officer. The company intends to us the funds to broaden their […] The post Blackwell Security Raises $13M in Funding appeared first on FinSMEs.

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RIA Breakaways: What’s Driving Movement of Advisors at Independent Firms?

Diamond Consultants

This new wave of transitioning advisors is feeling the pushes and pulls of an evolving industry. Over 9,000 advisors changed firms in 2023, marking a 7% increase from the year before.* While this movement is prevalent across all industry channels, it is particularly pronounced within the RIA world and represents a growing trend that’s a dichotomy of sorts.

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Blackstone Announces Growth Investment in 7 Brew

Blackstone News

New York & Fayetteville, Ark. – February 14, 2024 – Blackstone (NYSE:BX) today announced that Blackstone Growth and affiliated funds (collectively “Blackstone”) have made a growth equity investment in 7 Brew Coffee, the next generation drive-thru beverage business. Blackstone’s investment seeks to help enable 7 Brew to accelerate its already-rapid expansion across the U.S., in collaboration with its premier franchise partners.

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Goldman Sachs passes alts fundraising target ahead of schedule

Private Equity Wire

Goldman Sachs has surpassed its fundraising target for alternative investments by over $25bn and, with a year to spare, raising over $251bn since year-end 2019 versus a target of $225bn, according to the company’s latest earnings release. Goldman Sachs now has over $450bn in alternatives assets, with scaled offerings across private credit, private equity, infrastructure, real estate, sustainable investing, secondaries, GP stakes and third-party manager selection.

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BlackRock cuts 600 staff as asset managers defend profit margins

Financial Times: Moral Money

Fink and Kapito say headcount will increase this year as firm invests in technology and new offerings

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Giants APG and GPIF collaborate on infra

Top 1000 Funds

Two of the biggest pension funds in the world, the Dutch APG and Japan’s GPIF, have joined forces to invest in large scale infrastructure deals. The move comes as APG Asia head Thijs Aaten says he envisages more than half of the fund’s real assets will be in Asia.

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BBVA’s Carlos Torres, banker with a fixed idea

Financial Times M&A

The chair of Spain’s third-biggest lender has turned hostile in his €12bn second attempt to buy TSB owner Sabadell

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Here Are All 44 Stocks Warren Buffett Holds for Berkshire Hathaway's $378 Billion Portfolio

The Motley Fool

In case you missed it, what's arguably the most important data release of the second quarter occurred last week -- and I'm not talking about the monthly inflation report from the Bureau of Labor Statistics. May 15 marked the deadline for institutional money managers and wealthy investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission (SEC).

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Diversification is About Decades

A Wealth of Common Sense

A lot of investors have abandoned international diversification (or at least strongly considered it) in recent years. I understand why this is happening. The U.S. stock market has destroyed all comers ever since the Great Financial Crisis ended. Since 2009, a total U.S. stock market index fund is up more than 660% while a total international index fund is up more like 180%.

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All-Time Highs Are Historically Bullish

The Big Picture

A quick note to answer this question: What happens after markets make a new all-time high (after a year w/o one)? Check out the table above, via Warren Pies. He spoke with Batnick and Josh earlier this month. Going back to 1954, markets are always higher one year later – the only exception was 2007. That was after housing had peaked, subprime mortgages were defaulting, and the great financial crisis was about to start.

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Retiring In Another State? Don't Forget to Plan for These 3 Things

The Motley Fool

Relocating in retirement can bring you closer to family, hobbies, and better weather. But it's not always kind to your wallet. To maintain your financial security after leaving the workforce, you need to understand how your move will affect your budget and your tax bill. Here are three of the most important financial factors to keep in mind if you plan to move to another state in retirement. 1.

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Can Artificial Intelligence (AI) Really Help Make You a Millionaire Before Retirement?

The Motley Fool

Reality often doesn't live up to the hype with new technologies. For example, 3D printing hasn't been the game-changer many expected. However, artificial intelligence (AI) just might be an exception. AI is already transforming multiple areas, including the world of investment planning. New AI models can digest every book and article about investing and money management.

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Seth Klarman Goes Bargain Hunting: 2 Stocks He Just Bought

The Motley Fool

Seth Klarman is CEO and portfolio manager of Baupost Group, an investment firm that manages billions in assets for families, foundations, endowments, and other institutions. However, some might know Klarman as the author of Margin of Safety -- a long out-of-print title that is considered one of the best books on value investing, with copies selling for over $1,000 on eBay.

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Should You Buy Disney Stock if It Breaks Below $100?

The Motley Fool

It's been more than three months since shares of Walt Disney (NYSE: DIS) closed in the double digits. "Can Disney stock stay above $100 this time?" I wondered then. So far, so buoyant, but with the media giant's shares drifting back to the century mark, it's a matter worth revisiting. If Disney buckles below $100 again, is it a buying opportunity or a red flag?

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Could ARM Holdings Dethrone Nvidia?

The Motley Fool

Nvidia (NASDAQ: NVDA) has been one of the best companies to be invested in over the past year. It has shot up like a rocket on the back of massive graphics processing unit (GPU) demand driven by the artificial intelligence (AI) arms race. GPUs are great for AI workloads because they allow parallel processing, making them far more powerful when crunching massive problems like AI model training.

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Can Costco Become a Trillion-Dollar Stock by 2030?

The Motley Fool

You probably wouldn't believe that a company that has nothing to do with technological disruption or game-changing innovation has crushed the Nasdaq Composite Index. But that's exactly what Costco (NASDAQ: COST) has done. Its shares have soared 220% just in the past five years. Can this top retail enterprise become a trillion-dollar stock by 2030? Continue reading to see if Costco can make it into this exclusive club that currently only has seven businesses.

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2 Artificial Intelligence (AI) Stocks You Can Buy and Hold for the Next Decade

The Motley Fool

The artificial intelligence (AI) market is expanding rapidly and is projected to develop at a compound annual growth rate (CAGR) of 37% through 2030. So, it's no surprise that numerous tech companies have joined the industry in an effort to take a slice of a $200 billion pie. One of the most attractive features of AI is its versatility. The generative technology has the potential to boost countless markets, from consumer products to cloud computing, the automotive industry, video games, producti

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The Best Artificial Intelligence (AI) ETF to Invest $1,000 in Right Now

The Motley Fool

There's no denying that artificial intelligence has produced some incredible investment opportunities. There's also no denying, however, that identifying the market's top AI stocks isn't easy. All of these tickers seem to quickly fall in and out of favor, often independently of one another. The rapid evolution of the artificial intelligence industry itself only complicates the challenge.

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1 Stock Politicians Are Buying Hand Over Fist

The Motley Fool

Examining what stocks U.S. politicians have bought and sold has become a popular trading strategy lately. Because of their information access, they may have more information available to them (especially when it comes to policymaking decisions), which gives them an edge in the market. However, their trades must be made public so their activity is available to the public after a short while.

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20 Lessons From 20 Years of Managing Money

A Wealth of Common Sense

I entered the workforce in 2005. That means I’ve been working in the investment business for 20 years now. The longer I’m in the money management business the more there is to learn but these are some of the things I’ve learned thus far: 1. Experiences shape your perception of risk. Your ability and need to take risk should be based on your stage in life, time horizon, financial circumstances and goals.

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