The theory behind share buybacks is that they reduce the number of shares available in the market and—all things being equal—increase EPS on the remaining shares, benefiting shareholders. For companies flush with cash, the prospect of bumping up EPS can be tempting, especially in an environment where the average yield on corporate cash investments is barely more than 1%.
In addition, companies that buy back their shares often believe:
- The stock is undervalued and a good buy at the current market price. Billionaire investor Warren Buffett utilizes stock buybacks when he feels that shares of his own company, Berkshire Hathaway Inc. (BRK.A), are trading at too low a level. However, the annual report emphasizes that Berkshire's directors will only authorize repurchases at a price they believe to be well below intrinsic value.
- A buyback will create a level of support for the stock, especially during a recessionary period or during a market correction.
- A buyback will increase share prices. Stocks trade in part based upon supply and demand and a reduction in the number of outstanding shares often precipitates a price increase. Therefore, a company can bring about an increase in its stock value by creating a supply shock via a share repurchase.
- Buybacks can also be a way for a company to protect itself from a hostile takeover, or signal that the company plans on going private.
$Facebook(FB.US)$ $Apple(AAPL.US)$ $Microsoft(MSFT.US)$

$SPDR S&P 500 ETF(SPY.US)$
I SPY with my little eye...a move to the upside!
I see a flag/ pennant and consolidation above the .5 Fibonacci retracement level after hitting resistance at the .618 level. It's due for a pop to the upside this week. Then watch the price to tell us where to go from there.

$Boeing(BA.US)$ Next measured move.
50% retracement touch, break above 38.2%. Entry is retest of 50%. i took a position at $208. stops below $193. Pt is 310. Risk to reward around 1:6

$Apple(AAPL.US)$ The recent bounce at the 141 support line has reached a critical resistance level of 147 indicates it will need to break and hold to continue up.
Support estimates: 144.30, 141. 40 , 138.50, 135.65
Resistance estimates: 147.00, 150.00, 152.90, 155.80

$SPDR S&P Retail ETF(XRT.US)$
There is a lot of optimising for the plan, this is a feeling I always feel before I enter a trade. The Opposite side has good simple arguments but feels dwarfed against the biased optimism
I am rejecting the larger concerns of delta or inflation and placing alot on the reaction of Evergrade. Using it as a focal point on market sentiment
Two days ago 21 Sep - Retail sales showed a rebound despite Delta. +0.7% probably fueled by back to school shopping. Online purchases were the key driver of the sales.
Employment is down 0.2% and consumer prices increase by 0.3%

$BABA-SW(09988.HK)$ The reasonable market value is 70% of $JD-SW(09618.HK)$ ’s, which is more reasonable

$TENCENT(00700.HK)$ The bear market is coming, save your cash and wait for the opportunity.

$TENCENT(00700.HK)$ $MEITUAN-W(03690.HK)$ The capital flow of HK Stock Connect stocks continues to flow into Tencent Meituan on 9/24
Pay attention to the inflow: 3690/700/836/2269
Pay attention to outflow: 189/6098/2600/257

$E-mini S&P 500 Futures(SEP4)(ESmain.US)$ Is the SNP500 index correction over? Just 5.5% drop? We are waiting for the price reaction to the countertrend line.

$Tilray Brands(TLRY.US)$ might have bottomed here. breaking out of its ichimoko cloud and forming a "some what convincing" C&H. Only one way to confirm this. the first 30 mins of the market are my confirmation. If it holds above its bearish ichimoku cloud I will be going out when it breaks out of its consolidation area which is the handle of this pattern. TLRY takes a while to move so leaps are a smarter choice but when this stock moves get ready for a wild move. stop loss would be 11.30. first PT I have for this move is 15 and lastly 18. might hit 25 but not any time soon. might take a few months.