KKR Eyes $190 Trillion of Wealth in Private Markets Golden Age
'The last five years is not going to look like the next five years,' Wood said in a Bloomberg Television interview at the IPEM private equity conference in Cannes Wednesday. 'You need to close that return gap and I think we are entering what will be the golden age of private markets.'
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3 hours ago
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Cathie Wood Just Loaded Up on This Defense Stock (Hint: It's Not Palantir)
Key Points One of Cathie Wood's largest positions in the Ark portfolio is Palantir Technologies, which dominates the military intelligence pocket of the artificial intelligence (AI) realm. More recently, she has been building a stake in one of Palantir's key partners. As AI becomes a higher priority for military operations, traditional defense contractors could be positioned for long-term gains. 10 stocks we like better than L3Harris Technologies › CEO and chief investment officer of Ark Invest Cathie Wood earned a reputation for making high-conviction bets on disruptive, speculative opportunities aimed at toppling legacy incumbents in markets such as financial services, technology, and pharmaceuticals. When it comes to artificial intelligence (AI) stocks, it's no surprise that Wood has taken a liking to data analytics powerhouse Palantir Technologies, the third-largest holding across Ark's exchange-traded funds (ETFs). Every now and then, however, Wood quietly complements Ark's high-growth positions with a select group of blue-chip counterparts. In Palantir's case, the company is often linked with an emerging corner of the AI realm, using its analytics platforms to bolster the capabilities of the U.S. Department of Defense (DOD). While Palantir will likely remain a core Ark position, recent buying activity hints that Wood may be broadening her exposure within the national security arena, scouting for under-the-radar opportunities even as Palantir remains her flagship pick at the intersection of AI and military operations. Throughout the summer, Wood has been accumulating shares of L3Harris Technologies (NYSE: LHX) in both the ARK Space Exploration & Innovation and ARK Autonomous Technology & Robotics funds. Let's explore what may have prompted this move and assess if defense tech investors should consider looking beyond familiar names like Palantir. Understanding how AI fits into the defense equation While AI has become the dominant megatrend driving the technology sector, most conversations still center on chips, data centers, cloud infrastructure, or workplace productivity tools. Behind the scenes, however, AI is rapidly emerging as a transformative tailwind reshaping modern military strategy. AI's applications in national security range from satellite imagery analysis and equipment maintenance to cybersecurity threat detection and autonomous navigation for unmanned systems like drones. Among established defense contractors, the usual names include Northrop Grumman, General Dynamics, Lockheed Martin, Boeing, RTX, Kratos Defense & Security Solutions, and L3Harris. Palantir stands apart from these incumbents thanks to its versatile AI platforms, including Foundry and Gotham. This integrated ecosystem has positioned Palantir as the operating system supporting a wide range of military operations, securing billion-dollar contracts with the Army and Navy, and extending its reach overseas through collaborations with U.S. allies in NATO. Why might Cathie Wood like L3Harris stock? Like many of its peers mentioned above, L3Harris manufactures mission-critical systems poised to benefit from deeper integration of AI-enhanced capabilities. This makes it plausible that Wood is targeting stealth opportunities to complement Ark's more pure play AI holdings, such as Palantir. That same logic helps explain why several defense-adjacent companies such as electric vertical take-off and landing aircraft (eVTOL) Archer Aviation and Joby Aviation, Kratos, AeroVironment, and Lockheed found a place in Ark's portfolio. When it comes to L3Harris however, I think there is a more specific catalyst behind Wood's recent buying. While Palantir often commands the spotlight in the DOD's high-profile technology awards, many other contractors secure portions of these deals. L3Harris is one of them, partnering with Palantir to develop the Army's next-generation ground transportation systems under the Titan program. During the company's second-quarter earnings call, L3Harris CEO Christopher Kubasik even highlighted the collaboration, noting, "our ongoing partnership with Palantir on the U.S. Army's Titan program continues to mature". Is L3 Harris stock a buy? The comparable company analysis benchmarks L3Harris against a peer set of leading defense contractors on an enterprise value-to-EBITDA (EV/EBITDA) basis. From a valuation standpoint, L3Harris trades at an EV/EBITDA multiple of 16.4 -- a discount to historical peaks but still on the higher end of this cohort. Despite this relative premium, analysts largely view L3Harris through the lens of a conventional defense contractor, valuing the company based on its current contracts and pipeline. I think that the upside from AI integration is not yet fully reflected in L3Harris's share price. As AI-enabled services become a greater priority at the Pentagon, the narrative around traditional contractors could shift especially as they form deeper ties with leading technology platforms like Palantir -- as L3Harris is already doing. For this reason, I see L3Harris as well positioned for long-term valuation expansion and consider it a savvy buy at current levels. Should you invest $1,000 in L3Harris Technologies right now? Before you buy stock in L3Harris Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and L3Harris Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Adam Spatacco has positions in Palantir Technologies. The Motley Fool has positions in and recommends AeroVironment, L3Harris Technologies, and Palantir Technologies. The Motley Fool recommends Lockheed Martin and RTX. The Motley Fool has a disclosure policy. Cathie Wood Just Loaded Up on This Defense Stock (Hint: It's Not Palantir) was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
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KKR Acquires Majority Stake in HealthCare Royalty Partners
KKR & Co. Inc. (NYSE:KKR) is one of the 11 Best Revenue Growth Stocks to Buy Now. On July 30, KKR & Co. Inc. (NYSE:KKR) announced that it has completed its acquisition of a majority ownership stake in HealthCare Royalty Partners (HCRx), which is a middle-market biopharma royalty acquisition company. This deal will help KKR & Co. Inc. (NYSE:KKR) enhance its capabilities in biopharma royalty and credit investing. It will also add about $3 billion to the company's assets under management. A modern looking financial adviser sitting in front of a trading monitor, gesturing to a group of investors. HCRx's team and KKR's health care team will work together closely to offer a range of financing solutions across the biopharma sector. KKR & Co. Inc. (NYSE:KKR) has a long history of supporting health care companies around the world. Since 2004, the company has invested over $20 billion of equity capital in the sector. KKR & Co. Inc. (NYSE:KKR) is a global investment firm focused on alternative asset management, capital markets, and insurance solutions. While we acknowledge the potential of KKR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
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Cattle Rally, as Choice Beef Surpasses $400
Live cattle futures are posted gains of $2.90 to 3.90 across most contracts on Friday, with August up $3.70 on the week. Cash trade was mostly steady this week, with light dressed trade at $384-386 in the North and live action at $243-245. Southern sales have been picked up at $235. The Friday morning Fed Cattle Exchange online auction showed sales on 40 of the 1,188 head offered, at $242 in CO using the BidTheGrid™ method. Feeder cattle futures were back to rally mode on Friday, with contracts up $5.45 to $6.32, as August was up $6.75 this week. The CME Feeder Cattle Index was back down 26 cents to $345.75 on August 14. Commitment of Traders data showed spec funds trimming 752 contracts from their net long position as of Tuesday to 124,813 contracts. In feeder cattle, managed money cut a total of 3,542 contracts from their net long to 33,537 contracts. More News from Barchart Coffee Prices Soar to New 2-Month Highs Is the Corn Market a Buy? Coffee Prices Extend Weekly Rally to New 2-Month Highs Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. USDA Wholesale Boxed Beef prices were higher in the Friday PM report, with the Chc/Sel spread widening to $29.81. Choice boxes were up $6.78 at $400.57, while Select was $3.88 higher to $370.76. USDA estimated cattle slaughter for the week at 528,000 head. That was down just 7,000 head from last week and 67,484 head lower vs. the same week in 2024. Aug 25 Live Cattle closed at $236.250, up $2.900, Oct 25 Live Cattle closed at $230.650, up $3.825, Dec 25 Live Cattle closed at $232.175, up $3.775, Aug 25 Feeder Cattle closed at $346.150, up $5.750, Sep 25 Feeder Cattle closed at $347.350, up $6.325, Oct 25 Feeder Cattle closed at $345.900, up $5.450, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
