$蘋果(AAPL.US$ $微軟(MSFT.US$ $谷歌-C(GOOG.US$
KEY BACKGROUND
Companies are now flush with cash to make stock repurchases – Pence indicated that S&P 500 companies held $1.9 trillion in cash at the end of 2020 – the highest level ever and up nearly $400 billion compared to 2019. For now, Pence said, companies making the majority of share repurchases are currently trading at a discount to the broader market – suggesting they are optimistic about higher share prices going forward. Graham also noted that big banks are facing Federal Reserve-mandated stress tests to determine if they can resume normal levels of share buybacks. But since these banks are “sitting on significant levels of excess capital,” that should allow them to easily navigate next month’s stress tests and eventually accelerate stock buyback programs, which, in turn, could lead investors to increase their exposure to banking stocks. Winston Chua, an analyst at EPFR Global, cited another reason companies repurchase shares. “Buybacks increase a company’s earnings per share without an actual increase in profits. This would in turn drop the [price-earnings] ratio, making the company look more attractive,” he told Forbes.
SURPRISING FACT
Some stock buybacks can actually be bad for a company, as they can reduce a company’s ability to weather a crisis. Pence cited the airlines as an example. Over the last decade, he said, the biggest U.S. airlines spent 96% of their free cash flow on buybacks, and as a result had to get U.S. government support to the tune of around $54 billion between The Coronavirus Aid, Relief, and Economic Security (CARES) Act, omnibus Covid relief deal, and the American Rescue Plan when Covid crimped demand for air travel.
WHAT TO WATCH FOR
Burns McKinney, managing director and portfolio manager at NFJ Investment Group in Dallas, told Forbes he expects buybacks to “ramp up” throughout this year. “Corporate cash balances remain high, and optimism is rising,” he said. “This may be particularly true of the banks, as restrictions on buybacks and dividends [expire].”
KEY BACKGROUND
Companies are now flush with cash to make stock repurchases – Pence indicated that S&P 500 companies held $1.9 trillion in cash at the end of 2020 – the highest level ever and up nearly $400 billion compared to 2019. For now, Pence said, companies making the majority of share repurchases are currently trading at a discount to the broader market – suggesting they are optimistic about higher share prices going forward. Graham also noted that big banks are facing Federal Reserve-mandated stress tests to determine if they can resume normal levels of share buybacks. But since these banks are “sitting on significant levels of excess capital,” that should allow them to easily navigate next month’s stress tests and eventually accelerate stock buyback programs, which, in turn, could lead investors to increase their exposure to banking stocks. Winston Chua, an analyst at EPFR Global, cited another reason companies repurchase shares. “Buybacks increase a company’s earnings per share without an actual increase in profits. This would in turn drop the [price-earnings] ratio, making the company look more attractive,” he told Forbes.
SURPRISING FACT
Some stock buybacks can actually be bad for a company, as they can reduce a company’s ability to weather a crisis. Pence cited the airlines as an example. Over the last decade, he said, the biggest U.S. airlines spent 96% of their free cash flow on buybacks, and as a result had to get U.S. government support to the tune of around $54 billion between The Coronavirus Aid, Relief, and Economic Security (CARES) Act, omnibus Covid relief deal, and the American Rescue Plan when Covid crimped demand for air travel.
WHAT TO WATCH FOR
Burns McKinney, managing director and portfolio manager at NFJ Investment Group in Dallas, told Forbes he expects buybacks to “ramp up” throughout this year. “Corporate cash balances remain high, and optimism is rising,” he said. “This may be particularly true of the banks, as restrictions on buybacks and dividends [expire].”
2
$美國超微公司(AMD.US$ 芯片製造商 AMD,從短期下降趨勢反彈
週一,AMD 股市從 50 天移動平均線反彈,表現強勁。然而,AMD 股票的交易量最近一直不足。週一的交易量低於平均水平 23%。激進的投資者可以使用 106.98 作為入口點。這就高於上週四的高點。
-AMD 股票從 50 天移動平均線反彈
-積極投資者可以使用 106.98 作為入口點
-AMD 正在形成一個雙底座,購買點為 114.59
週一,AMD 股市從 50 天移動平均線反彈,表現強勁。然而,AMD 股票的交易量最近一直不足。週一的交易量低於平均水平 23%。激進的投資者可以使用 106.98 作為入口點。這就高於上週四的高點。
-AMD 股票從 50 天移動平均線反彈
-積極投資者可以使用 106.98 作為入口點
-AMD 正在形成一個雙底座,購買點為 114.59
已翻譯
2
1
$PayPal(PYPL.US$ Paypal 價格目前已經達到了兩個強大的支撐,並且看起來是一個非常好的買入,可以在未來幾週/月內保持。
已翻譯
2
$恒生指數(800000.HK$ 恒生指數被阻止於 24700,目前沒有上升勢頭。在實踐中,我們一次又一次發現恒生指數有自己獨立的趨勢。不需要跟隨媽媽或爸爸,並且經常逃離家,而且在最小的壓力下降會大幅下降。
已翻譯
$騰訊控股(00700.HK$ 購買香港股票的資金是一天買入,一天出售(經常以高價追逐),然後它們下跌並迅速賣出。近幾個月,只有一系列波動。
已翻譯
$騰訊控股(00700.HK$ 實際上,過去幾天沒有發生任何重大動作。投資者今天回報,市場趨勢仍然有一波,但細節仍然取決於明天是否有連續性。
已翻譯
市場和監察名單表現不佳,目前沒有激勵同意購買股票。 $羅素2000成長股指數ETF-iShares(IWO.US$, $iShares羅素2000指數ETF(IWM.US$ 自二月以來,繼續推動罪惡浪。根本沒有趨勢。
已翻譯