Stock buybacks top $200 billion in April, the second-highest monthly total since Trump’s tax cuts

Market Wacth2021-05-07

It’s felt like a nonstop barrage of buybacks. April alone saw $209 billion worth of stock repurchases announced by companies, the second-highest month on record behind the $209 billion from June 2018,...

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Comments

Nson90
2021-05-07
Nson90
Ok
Booooooooooo
2021-05-07
Booooooooooo
Great news
Ak91
2021-05-07
Ak91
Like n comment pls
- xiaos:
  done
Pjun
2021-05-07
Pjun
Good or bad?
- Ireneccw:
  yes
- Ireneccw:
  good
- Pjun:
  good
- Jlenglui:
  [Smile]
Niki2307
2021-05-07
Niki2307
[Smile] [Smile] [Smile]
SC_stock
2021-05-07
SC_stock
Like and comments thanks
- JY00:
  Ok
- Ak91:
  Ok

Leave a comment

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It was up 11.9% on the year at Thursday’s close.\nThe S&P 500SPX,+0.82%on Thursday closed above the 4,200 mark for its second-highest finish ever, while the Dow Jones Industrial AverageDJIA,+0.93%booked its 23rd record close of the year, more than all of 2020.\nFirst-quarter earnings mostly have trounced optimistic estimates put forth by Wall Street, validating expectations that business would come roaring back once COVID-19 became a less disruptive force in people’s lives.\nWhat the News Means for You and Your MoneyUnderstand how today’s business practices, market dynamics, tax policies and more impact you with real-time news and analysis from MarketWatch.SUBSCRIBE NOW: 50% OFF 1 YEAR\nOf the 419 companies in the S&P 500 that have already reported first-quarter results as of May 6, about 88% reported earnings that beat analysts’ expectations, the highest on record since Refinitiv started tracking the data in 1994.\nAgainst this bullish backdrop, Berkshire Hathaway Inc.BRK.B,+2.46%vice chairman — and Warren Buffett’s right-hand man– Charlie Munger said share repurchasesdesigned solely to push the price of the stock higherwere immoral, but that critics of buybacks made in the interest of shareholders were “bonkers.”\nBerkshire’s share repurchases were $6.6 billion in the first quarter, down from $9 billion each in thethirdandfourth quartersof 2020.\nDebt investors tend to look unfavorably on companies that borrow in the bond market to fund share buybacks that aim to push up a stock’s price. U.S. companies borrowed a record amount of debt last year during the pandemic, with proceeds mostly earmarked to refinance maturing debt at cheaper rates.\nInvestment-grade companies have been dominant players in buybacks, including Apple Inc.AAPL,+1.28%,which added$90 billion to its stock repurchase programin April.\nThe first week of May saw Eli Lilly and Co.LLY,+0.56%detaila $5 billion share repurchase plan, as well as a host of other companies announcing similar 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