TSLA
Tesla
-- 421.060 NVDA
NVIDIA
-- 134.700 PLTR
Palantir
-- 80.550 AMD
Advanced Micro Devices
-- 119.210 QUBT
Quantum Computing
-- 17.620 
U.S. Stock buybacks prove that the U.S. economy is still booming!
Big companies such as Apple, Morgan Stanley, Nike, Cisco Systems and Home Depot continue to do their stock buyback, with more doing so in 2022 to avoid the 1% excise tax which will kick in in 2023.
These profitable companies often use its excess cash to buy back its own stock as a way of returning cash to its shareholders.
With more cash on hand, shareholders may continue to buy up these companies, making their stock price go even higher, and probably to the moon.
These positive actions will create more buyback in the near future and also prove that the U.S. economy is booming despite the high inflation hovering around 8% to 9% and the low interest rate of 2.25% to 2.5% in Aug 2022.
Do you think that these companies should increase their buybacks in H2 2022, given that 70%* of S&P 500 companies have reported positive revenue for Q2 2022?
More interesting articles: ![]()
* Based on FactSet Earnings Insight dated 5 Aug 2022.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment