$アップル(AAPL.US$ $マイクロソフト(MSFT.US$ $アルファベット C(GOOG.US$
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
$アドバンスト マイクロ デバイシズ(AMD.US$ Chipmaker AMD, rebounds from short downtrend
AMD stock rebounded from its 50-day moving average line in a show of strength on Monday. However, trading volume in AMD stock has been underwhelming lately. Volume on Monday was 23% below average. Aggressive investors could have used 106.98 as an entry point. That's just above last Thursday's high.
- AMD stock rebounded from its 50-day moving average line
- Aggressive investors could have used 106.98 as an entry point
- AMD is forming a double-bottom base with a 114.59 buy point
AMD stock rebounded from its 50-day moving average line in a show of strength on Monday. However, trading volume in AMD stock has been underwhelming lately. Volume on Monday was 23% below average. Aggressive investors could have used 106.98 as an entry point. That's just above last Thursday's high.
- AMD stock rebounded from its 50-day moving average line
- Aggressive investors could have used 106.98 as an entry point
- AMD is forming a double-bottom base with a 114.59 buy point
2
1
$ペイパル ホールディングス(PYPL.US$Paypalの価格は現在2つの強力なサポートに達し、数週間/数ヶ月保持するのに非常に適した良い買い物に見えます。
翻訳済み
2
$AMCエンターテインメント HD A(AMC.US$ウィークリーで同じセットアップ。過去最低から過去最高までの50%のリトレースメントリテスト。61.8より下のストップ。利益目標は88です。全セクター。
翻訳済み
1
1
$Hang Seng Index(800000.HK$ハンセン指数は24700で止まり、当分の間上昇する勢いはありません。何度も実践してみると、ハンセン指数は独自のトレンドを持っていることが分かります。親や兄弟に従う必要はなく、自宅から逃げ出すことが多く、わずかな圧力で大きく下落することがあります。
翻訳済み
$テンセント(00700.HK$香港株の購入資金は1日で購入され、1日で売却されます(そしてしばしば高値で追われます)、そしてすぐに下落して売却されます。最近数か月間、範囲の変動しかありませんでした。
翻訳済み
$テンセント(00700.HK$実際には、ここ数日間で大きな変動はありませんでした。投資家たちは今日戻ってきていますが、まだ市場のトレンドがありますが、明日の継続性に依存します。
翻訳済み
翻訳済み
1
市場とウォッチリストは好調ではなく、当面は株式の購入に同意するインセンティブはありません。 $iShares Russell 2000 Growth ETF(IWO.US$、 $iシェアーズ ラッセル 2000 ETF(IWM.US$ 2月から波に乗って動き続けています。トレンドはまったくありません。
翻訳済み