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2021-08-09

Agree. With streaming services competing closely , Apple has to create more content and user base

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2023-05-10

I

Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors

2023-05-10

Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors

2021-08-09

Excellent article . Nicely articulated[Smile]

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I&nbsp;","listText":"&nbsp; I&nbsp;","text":"I","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970038967","repostId":"2334272027","repostType":2,"repost":{"id":"2334272027","pubTimestamp":1683699845,"share":"https://www.laohu8.com/m/news/2334272027?lang=&edition=full","pubTime":"2023-05-10 14:24","market":"us","language":"en","title":"Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2334272027","media":"Yahoo Finance","summary":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this y","content":"<html><head></head><body><p>Share repurchases, or stock buybacks, have appeared over and over in tech companies&#39; earnings this year. 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So that could create some additional costs for shareholders.&#34; </p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Earnings Featured More Stock Buybacks – Here's What That Means for Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-10 14:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest...</p>\n\n<a href=\"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","META":"Meta Platforms","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334272027","content_text":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.\"Our main takeaway is that share buybacks don't create or destroy a lot of wealth,\" Guest told Yahoo Finance Live. \"So you might wonder, 'Well, why are companies repurchasing on track for more than $1 trillion this year?' The benefits seem to be an opportunity for management to signal that they believe the stock is undervalued.\" There are plenty of criticisms of buybacks, including that companies use them to manipulate their share prices. But those criticisms haven't been necessarily proven by the data, according to Guest. \"Some argue they're associated with excessive executive compensation and that companies that buy back don't have as much cash available to take advantage of investment opportunities, thereby sacrificing growth and ultimately profitability,\" he said. \"But our evidence comparing both companies that repurchased and companies that don't repurchase shares didn't find any large-scale, on average, evidence of those things.\"Some of the biggest buyback news of this earnings cycle came from Alphabet (GOOG, GOOGL). If Google's $70 billion buyback announcement seems big, it is — sort of, VerityData analyst Ali Ragih said.\"$70 billion is slightly large for them, but not when you compare and adjust market-wide,\" he said. \"The best way to think about $70 billion is to compare against the market cap because you can better normalize market-wide. $70 billion is equal to 5.2% of the market cap at Google.\"Likewise, Apple (AAPL) also announced it would buy back $90 billion in stock this week.Why companies buy back stock – and when they shouldSo why do these companies do stock buybacks? \"Repurchases have more flexibility than dividends,\" Guest said. \"They're easier to temporarily cut during downtime, and repurchasing shares reduces the amount of cash that could be misused on management's pet projects.\"Another reason, Guest added, is that \"managers and others — the board, for example — can use repurchased shares to compensate employees. So those seem to be the benefits, as opposed to improving long-term profitability or creating additional investment opportunities.\"It's worth doing buybacks when management thinks the company's valuation is low, Ragih said.\"The best time to do a buyback is when the valuation is low because companies get the most bang for their buyback,\" he told Yahoo Finance. \"If Google spends $15 billion, they’d want to get the most amount of shares for that $15 billion – lower stock price will get them more shares for the same overall dollar value of spend.\"It's even more worthwhile if the company in question has the cash, which Alphabet does, Ragih added.\"Google has a high amount of free cash flow and not much else to spend it on, so it’s appropriate to return cash to shareholders,\" he said. \"To boil it down, after they pay for organic investments, they still have a lot of cash left each quarter. The cash balance is about $100 billion so they defer to buybacks.\"However, buyback backlash has increased in recent years. Critics say that they enrich companies and executives without improving the overall economy. So over time, shareholders may see fewer buybacks if that trend continues. \"If the disincentives increase — for example, if we get this 4% tax or other limits on what managers can do in terms of selling their own shares after the company has bought back shares, and other potential restrictions — then some firms might decide to retain the cash instead or switch to dividends, which both could have negative consequences,\" Guest said. \"For example, dividends, as we know, are taxed as income tax, ... whereas repurchases typically generate a capital gain. So that could create some additional costs for shareholders.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970038008,"gmtCreate":1683702147805,"gmtModify":1683703006030,"author":{"id":"3546940454871502","authorId":"3546940454871502","name":"VinayV","avatar":"https://static.tigerbbs.com/af35774765d86980ea6edd8aa1389f83","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I'm<a href=\"https://ttm.financial/U/4092822585676840\">@AGMH&nbsp;</a>","listText":"I'm<a href=\"https://ttm.financial/U/4092822585676840\">@AGMH&nbsp;</a>","text":"I'm@AGMH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970038008","repostId":"2334272027","repostType":2,"repost":{"id":"2334272027","pubTimestamp":1683699845,"share":"https://www.laohu8.com/m/news/2334272027?lang=&edition=full","pubTime":"2023-05-10 14:24","market":"us","language":"en","title":"Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2334272027","media":"Yahoo Finance","summary":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this y","content":"<html><head></head><body><p>Share repurchases, or stock buybacks, have appeared over and over in tech companies&#39; earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.</p><p>&#34;Our main takeaway is that share buybacks don&#39;t create or destroy a lot of wealth,&#34; Guest told Yahoo Finance Live. &#34;So you might wonder, &#39;Well, why are companies repurchasing on track for more than $1 trillion this year?&#39; The benefits seem to be an opportunity for management to signal that they believe the stock is undervalued.&#34; </p><p>There are plenty of criticisms of buybacks, including that companies use them to manipulate their share prices. But those criticisms haven&#39;t been necessarily proven by the data, according to Guest. </p><p>&#34;Some argue they&#39;re associated with excessive executive compensation and that companies that buy back don&#39;t have as much cash available to take advantage of investment opportunities, thereby sacrificing growth and ultimately profitability,&#34; he said. &#34;But our evidence comparing both companies that repurchased and companies that don&#39;t repurchase shares didn&#39;t find any large-scale, on average, evidence of those things.&#34;</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0098ff3e66c2f5ea3684e4353143604d\" tg-width=\"652\" tg-height=\"582\"/></p><p>Some of the biggest buyback news of this earnings cycle came from Alphabet (GOOG, GOOGL). If Google&#39;s $70 billion buyback announcement seems big, it is — sort of, VerityData analyst Ali Ragih said.</p><p>&#34;$70 billion is slightly large for them, but not when you compare and adjust market-wide,&#34; he said. &#34;The best way to think about $70 billion is to compare against the market cap because you can better normalize market-wide. $70 billion is equal to 5.2% of the market cap at Google.&#34;</p><p>Likewise, Apple (AAPL) also announced it would buy back $90 billion in stock this week.</p><h2>Why companies buy back stock – and when they should</h2><p>So why do these companies do stock buybacks? </p><p>&#34;Repurchases have more flexibility than dividends,&#34; Guest said. &#34;They&#39;re easier to temporarily cut during downtime, and repurchasing shares reduces the amount of cash that could be misused on management&#39;s pet projects.&#34;</p><p>Another reason, Guest added, is that &#34;managers and others — the board, for example — can use repurchased shares to compensate employees. So those seem to be the benefits, as opposed to improving long-term profitability or creating additional investment opportunities.&#34;</p><p>It&#39;s worth doing buybacks when management thinks the company&#39;s valuation is low, Ragih said.</p><p>&#34;The best time to do a buyback is when the valuation is low because companies get the most bang for their buyback,&#34; he told Yahoo Finance. &#34;If Google spends $15 billion, they’d want to get the most amount of shares for that $15 billion – lower stock price will get them more shares for the same overall dollar value of spend.&#34;</p><p>It&#39;s even more worthwhile if the company in question has the cash, which Alphabet does, Ragih added.</p><p>&#34;Google has a high amount of free cash flow and not much else to spend it on, so it’s appropriate to return cash to shareholders,&#34; he said. &#34;To boil it down, after they pay for organic investments, they still have a lot of cash left each quarter. The cash balance is about $100 billion so they defer to buybacks.&#34;</p><p>However, buyback backlash has increased in recent years. Critics say that they enrich companies and executives without improving the overall economy. So over time, shareholders may see fewer buybacks if that trend continues. </p><p>&#34;If the disincentives increase — for example, if we get this 4% tax or other limits on what managers can do in terms of selling their own shares after the company has bought back shares, and other potential restrictions — then some firms might decide to retain the cash instead or switch to dividends, which both could have negative consequences,&#34; Guest said. &#34;For example, dividends, as we know, are taxed as income tax, ... whereas repurchases typically generate a capital gain. So that could create some additional costs for shareholders.&#34; </p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Earnings Featured More Stock Buybacks – Here's What That Means for Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-10 14:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest...</p>\n\n<a href=\"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","META":"Meta Platforms","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334272027","content_text":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.\"Our main takeaway is that share buybacks don't create or destroy a lot of wealth,\" Guest told Yahoo Finance Live. \"So you might wonder, 'Well, why are companies repurchasing on track for more than $1 trillion this year?' The benefits seem to be an opportunity for management to signal that they believe the stock is undervalued.\" There are plenty of criticisms of buybacks, including that companies use them to manipulate their share prices. But those criticisms haven't been necessarily proven by the data, according to Guest. \"Some argue they're associated with excessive executive compensation and that companies that buy back don't have as much cash available to take advantage of investment opportunities, thereby sacrificing growth and ultimately profitability,\" he said. \"But our evidence comparing both companies that repurchased and companies that don't repurchase shares didn't find any large-scale, on average, evidence of those things.\"Some of the biggest buyback news of this earnings cycle came from Alphabet (GOOG, GOOGL). If Google's $70 billion buyback announcement seems big, it is — sort of, VerityData analyst Ali Ragih said.\"$70 billion is slightly large for them, but not when you compare and adjust market-wide,\" he said. \"The best way to think about $70 billion is to compare against the market cap because you can better normalize market-wide. $70 billion is equal to 5.2% of the market cap at Google.\"Likewise, Apple (AAPL) also announced it would buy back $90 billion in stock this week.Why companies buy back stock – and when they shouldSo why do these companies do stock buybacks? \"Repurchases have more flexibility than dividends,\" Guest said. \"They're easier to temporarily cut during downtime, and repurchasing shares reduces the amount of cash that could be misused on management's pet projects.\"Another reason, Guest added, is that \"managers and others — the board, for example — can use repurchased shares to compensate employees. So those seem to be the benefits, as opposed to improving long-term profitability or creating additional investment opportunities.\"It's worth doing buybacks when management thinks the company's valuation is low, Ragih said.\"The best time to do a buyback is when the valuation is low because companies get the most bang for their buyback,\" he told Yahoo Finance. \"If Google spends $15 billion, they’d want to get the most amount of shares for that $15 billion – lower stock price will get them more shares for the same overall dollar value of spend.\"It's even more worthwhile if the company in question has the cash, which Alphabet does, Ragih added.\"Google has a high amount of free cash flow and not much else to spend it on, so it’s appropriate to return cash to shareholders,\" he said. \"To boil it down, after they pay for organic investments, they still have a lot of cash left each quarter. The cash balance is about $100 billion so they defer to buybacks.\"However, buyback backlash has increased in recent years. Critics say that they enrich companies and executives without improving the overall economy. So over time, shareholders may see fewer buybacks if that trend continues. \"If the disincentives increase — for example, if we get this 4% tax or other limits on what managers can do in terms of selling their own shares after the company has bought back shares, and other potential restrictions — then some firms might decide to retain the cash instead or switch to dividends, which both could have negative consequences,\" Guest said. \"For example, dividends, as we know, are taxed as income tax, ... whereas repurchases typically generate a capital gain. So that could create some additional costs for shareholders.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898856008,"gmtCreate":1628486537404,"gmtModify":1703506900326,"author":{"id":"3546940454871502","authorId":"3546940454871502","name":"VinayV","avatar":"https://static.tigerbbs.com/af35774765d86980ea6edd8aa1389f83","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Excellent article . Nicely articulated[Smile]&nbsp;","listText":"Excellent article . Nicely articulated[Smile]&nbsp;","text":"Excellent article . Nicely articulated[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898856008","repostId":"1119793781","repostType":4,"repost":{"id":"1119793781","pubTimestamp":1628477450,"share":"https://www.laohu8.com/m/news/1119793781?lang=&edition=full","pubTime":"2021-08-09 10:50","market":"us","language":"en","title":"Opinion: Here’s another sign the bull market is near a peak, and this one bears watching","url":"https://stock-news.laohu8.com/highlight/detail?id=1119793781","media":"Market Wacth","summary":"The U.S. stock market is nearing a top, according to a leading indicator that is based on the traili","content":"<p>The U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&amp;P 500&nbsp;sectors.</p>\n<p>Over the three months prior to past bull-market tops, a fairly predictable pattern emerged of which sectors performed best and which fared worst. Currently, a ranking of the sectors’ recent relative strength lines up fairly close with that pattern.</p>\n<p>This is a big change since mid-May when,as I reported, this leading indicator was not detecting any signs of imminent trouble. The sectors with the best trailing three-month returns at that time were not those that typically lead the market prior to tops, and the sectors with the worst trailing three-month returns were not those that typically lag.</p>\n<p>Now, in contrast, there is a distinct correlation between the sectors’ relative strength ranking and the typical pattern that appeared in past tops.</p>\n<p>According to research conducted by Ned Davis Research, Utilities, Energy and Financials are the S&amp;P 500 sectors that have performed the worst, on average, in the final three months of all bull markets since 1970. As is clear in the chart below, these three sectors now are at or near the bottom in a ranking of trailing three-month returns.</p>\n<p><img src=\"https://static.tigerbbs.com/46a49a36d04808a2a9b71a01546126de\" tg-width=\"700\" tg-height=\"424\" referrerpolicy=\"no-referrer\">In contrast, according to Ned Davis Research, Consumer <a href=\"https://laohu8.com/S/SPLS\">Staples</a>, Health Care and Consumer Discretionary are the sectors that have performed the best, on average, over the three months prior to past bull-market tops. As the chart shows, these three have performed relatively well over the past three months.</p>\n<p>To quantify how much the sector relative strength rankings have shifted in a bearish direction, consider the correlation coefficients that I calculated. This statistic ranges from a high of 1.0 (which would mean that there is a perfect <a href=\"https://laohu8.com/S/AONE.U\">one</a>-to-one correspondence between a ranking of the sectors’ recent returns and the historical pattern) to minus 1.0 (which would mean a perfectly inverse correlation). A coefficient of zero would mean that there is no detectable relationship.</p>\n<p>In mid-May, this coefficient stood at a significantly negative minus 0.66. Today, in contrast, it is a positive 0.67. This latest reading is one of the higher coefficients I’ve seen from my periodic monitoring of this indicator.</p>\n<p>Needless to say, neither this (nor any indicator, for that matter) is guaranteed to work. One time that it was accurate, for example,was in April 2015, when my column on this indicator ran under the headline “leading indicators signal a market top.”A bear market began one month later, according to the bear-market calendar maintained by Ned Davis Research. The correlation coefficient between the relative strength ranking that then prevailed and the historical pattern stood at 0.43; the current reading is higher and so even more bearish.</p>","source":"lsy1604288433698","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opinion: Here’s another sign the bull market is near a peak, and this one bears watching</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpinion: Here’s another sign the bull market is near a peak, and this one bears watching\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 10:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/heres-another-sign-the-bull-market-is-near-a-peak-and-this-one-bears-watching-11628233932?mod=article_inline><strong>Market Wacth</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&P 500 sectors.\nOver the three months prior to past bull-market tops,...</p>\n\n<a href=\"https://www.marketwatch.com/story/heres-another-sign-the-bull-market-is-near-a-peak-and-this-one-bears-watching-11628233932?mod=article_inline\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/heres-another-sign-the-bull-market-is-near-a-peak-and-this-one-bears-watching-11628233932?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119793781","content_text":"The U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&P 500 sectors.\nOver the three months prior to past bull-market tops, a fairly predictable pattern emerged of which sectors performed best and which fared worst. Currently, a ranking of the sectors’ recent relative strength lines up fairly close with that pattern.\nThis is a big change since mid-May when,as I reported, this leading indicator was not detecting any signs of imminent trouble. The sectors with the best trailing three-month returns at that time were not those that typically lead the market prior to tops, and the sectors with the worst trailing three-month returns were not those that typically lag.\nNow, in contrast, there is a distinct correlation between the sectors’ relative strength ranking and the typical pattern that appeared in past tops.\nAccording to research conducted by Ned Davis Research, Utilities, Energy and Financials are the S&P 500 sectors that have performed the worst, on average, in the final three months of all bull markets since 1970. As is clear in the chart below, these three sectors now are at or near the bottom in a ranking of trailing three-month returns.\nIn contrast, according to Ned Davis Research, Consumer Staples, Health Care and Consumer Discretionary are the sectors that have performed the best, on average, over the three months prior to past bull-market tops. As the chart shows, these three have performed relatively well over the past three months.\nTo quantify how much the sector relative strength rankings have shifted in a bearish direction, consider the correlation coefficients that I calculated. This statistic ranges from a high of 1.0 (which would mean that there is a perfect one-to-one correspondence between a ranking of the sectors’ recent returns and the historical pattern) to minus 1.0 (which would mean a perfectly inverse correlation). A coefficient of zero would mean that there is no detectable relationship.\nIn mid-May, this coefficient stood at a significantly negative minus 0.66. Today, in contrast, it is a positive 0.67. This latest reading is one of the higher coefficients I’ve seen from my periodic monitoring of this indicator.\nNeedless to say, neither this (nor any indicator, for that matter) is guaranteed to work. One time that it was accurate, for example,was in April 2015, when my column on this indicator ran under the headline “leading indicators signal a market top.”A bear market began one month later, according to the bear-market calendar maintained by Ned Davis Research. The correlation coefficient between the relative strength ranking that then prevailed and the historical pattern stood at 0.43; the current reading is higher and so even more bearish.","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898859653,"gmtCreate":1628486291672,"gmtModify":1703506895633,"author":{"id":"3546940454871502","authorId":"3546940454871502","name":"VinayV","avatar":"https://static.tigerbbs.com/af35774765d86980ea6edd8aa1389f83","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Agree. With streaming services competing closely , Apple has to create more content and user base&nbsp;","listText":"Agree. With streaming services competing closely , Apple has to create more content and user base&nbsp;","text":"Agree. With streaming services competing closely , Apple has to create more content and user base","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/898859653","repostId":"1117756865","repostType":4,"repost":{"id":"1117756865","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1628485462,"share":"https://www.laohu8.com/m/news/1117756865?lang=&edition=full","pubTime":"2021-08-09 13:04","market":"us","language":"en","title":"Apple Needs To Cut Apple TV Prices Or Cull The Beleaguered Living Room Gadget: Gurman","url":"https://stock-news.laohu8.com/highlight/detail?id=1117756865","media":"Benzinga","summary":"Apple needs to cut the prices of Apple TV or send it the way of other retired products like iPod HiF","content":"<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> </b>needs to cut the prices of&nbsp;<b>Apple TV</b>&nbsp;or send it the way of other retired products like iPod HiFi and the high-end version of its HomePod speakers, wrote&nbsp;<b>Mark Gurman</b>&nbsp;in the latest edition of his newsletter.</p>\n<p><b>What Happened:</b>&nbsp;Gurman noted the coming of the “age of streaming” and the abundance of services like those offered by&nbsp;<b><a href=\"https://laohu8.com/S/NFLX\">Netflix</a></b>,<b>&nbsp;<a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>,<b> </b>and&nbsp;<b>Hulu</b>.</p>\n<p>This, according to Gurman, has made Apple TV a largely “pointless accessory.” The analyst buttressed his point by sharing 2020 data from Strategy Analytics that found that Apple TV only held 2% of the streaming device market.</p>\n<p>“One idea for keeping the Apple TV relevant would be to bundle an Apple TV+ subscription indefinitely at no additional charge,” wrote Gurman.</p>\n<p>Gurman’s other ideas include cutting the price of the box or turning it into a 4K capable “stick.”</p>\n<p><b>Why It Matters:</b>&nbsp;Gurman’s suggestions are unlikely to come to fruition anytime soon. He said that Apple engineers have told him that the iPhone maker “doesn’t have a strong living room hardware strategy and that there isn’t much internal optimism.”</p>\n<p>In the latest newsletter, Gurman noted that the Apple TV had gone through more “interface overhauls” compared with any other Apple products and “despite nearly 15 years of attempts, Apple hasn’t created anything close to a market leader.”</p>\n<p>The Bloomberg Journalist contributed to 9&nbsp;to&nbsp;5&nbsp;Mac for over six years and isregardedas an authority on the&nbsp;<b>Tim Cook</b>-led company.</p>\n<p>Appleunveiled the next generationof its 4K box containing an A12 Bionic chip in April this year. The device comes with a new&nbsp;<b>Siri Remote,</b>which features clickpad and touch controls.</p>\n<p><b>Price Action:</b>&nbsp;On Friday, Apple shares closed nearly 0.5% lower at $146.14 in the regular session and fell 0.12% in the after-hours trading.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Needs To Cut Apple TV Prices Or Cull The Beleaguered Living Room Gadget: Gurman</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Needs To Cut Apple TV Prices Or Cull The Beleaguered Living Room Gadget: Gurman\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-09 13:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> </b>needs to cut the prices of&nbsp;<b>Apple TV</b>&nbsp;or send it the way of other retired products like iPod HiFi and the high-end version of its HomePod speakers, wrote&nbsp;<b>Mark Gurman</b>&nbsp;in the latest edition of his newsletter.</p>\n<p><b>What Happened:</b>&nbsp;Gurman noted the coming of the “age of streaming” and the abundance of services like those offered by&nbsp;<b><a href=\"https://laohu8.com/S/NFLX\">Netflix</a></b>,<b>&nbsp;<a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>,<b> </b>and&nbsp;<b>Hulu</b>.</p>\n<p>This, according to Gurman, has made Apple TV a largely “pointless accessory.” The analyst buttressed his point by sharing 2020 data from Strategy Analytics that found that Apple TV only held 2% of the streaming device market.</p>\n<p>“One idea for keeping the Apple TV relevant would be to bundle an Apple TV+ subscription indefinitely at no additional charge,” wrote Gurman.</p>\n<p>Gurman’s other ideas include cutting the price of the box or turning it into a 4K capable “stick.”</p>\n<p><b>Why It Matters:</b>&nbsp;Gurman’s suggestions are unlikely to come to fruition anytime soon. He said that Apple engineers have told him that the iPhone maker “doesn’t have a strong living room hardware strategy and that there isn’t much internal optimism.”</p>\n<p>In the latest newsletter, Gurman noted that the Apple TV had gone through more “interface overhauls” compared with any other Apple products and “despite nearly 15 years of attempts, Apple hasn’t created anything close to a market leader.”</p>\n<p>The Bloomberg Journalist contributed to 9&nbsp;to&nbsp;5&nbsp;Mac for over six years and isregardedas an authority on the&nbsp;<b>Tim Cook</b>-led company.</p>\n<p>Appleunveiled the next generationof its 4K box containing an A12 Bionic chip in April this year. The device comes with a new&nbsp;<b>Siri Remote,</b>which features clickpad and touch controls.</p>\n<p><b>Price Action:</b>&nbsp;On Friday, Apple shares closed nearly 0.5% lower at $146.14 in the regular session and fell 0.12% in the after-hours trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117756865","content_text":"Apple needs to cut the prices of Apple TV or send it the way of other retired products like iPod HiFi and the high-end version of its HomePod speakers, wrote Mark Gurman in the latest edition of his newsletter.\nWhat Happened: Gurman noted the coming of the “age of streaming” and the abundance of services like those offered by Netflix, Amazon.com, and Hulu.\nThis, according to Gurman, has made Apple TV a largely “pointless accessory.” The analyst buttressed his point by sharing 2020 data from Strategy Analytics that found that Apple TV only held 2% of the streaming device market.\n“One idea for keeping the Apple TV relevant would be to bundle an Apple TV+ subscription indefinitely at no additional charge,” wrote Gurman.\nGurman’s other ideas include cutting the price of the box or turning it into a 4K capable “stick.”\nWhy It Matters: Gurman’s suggestions are unlikely to come to fruition anytime soon. He said that Apple engineers have told him that the iPhone maker “doesn’t have a strong living room hardware strategy and that there isn’t much internal optimism.”\nIn the latest newsletter, Gurman noted that the Apple TV had gone through more “interface overhauls” compared with any other Apple products and “despite nearly 15 years of attempts, Apple hasn’t created anything close to a market leader.”\nThe Bloomberg Journalist contributed to 9 to 5 Mac for over six years and isregardedas an authority on the Tim Cook-led company.\nAppleunveiled the next generationof its 4K box containing an A12 Bionic chip in April this year. The device comes with a new Siri Remote,which features clickpad and touch controls.\nPrice Action: On Friday, Apple shares closed nearly 0.5% lower at $146.14 in the regular session and fell 0.12% in the after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000217","authorId":"9000000000000217","name":"花儿对我笑0","avatar":"https://static.tigerbbs.com/8e83e48989b3401bb5773e10a7c62208","crmLevel":1,"crmLevelSwitch":0},"content":"Apple's stock is very stable, and the income is quite good if it is held continuously. Apple gives me the feeling that it is a stable and steadily growing customer base. There will definitely be risks in other aspects, but it will not bring big fluctuations. I look at it purely from the perspective of individual stocks.","text":"Apple's stock is very stable, and the income is quite good if it is held continuously. Apple gives me the feeling that it is a stable and steadily growing customer base. There will definitely be risks in other aspects, but it will not bring big fluctuations. I look at it purely from the perspective of individual stocks.","html":"Apple's stock is very stable, and the income is quite good if it is held continuously. Apple gives me the feeling that it is a stable and steadily growing customer base. There will definitely be risks in other aspects, but it will not bring big fluctuations. I look at it purely from the perspective of individual stocks."}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":898859653,"gmtCreate":1628486291672,"gmtModify":1703506895633,"author":{"id":"3546940454871502","authorId":"3546940454871502","name":"VinayV","avatar":"https://static.tigerbbs.com/af35774765d86980ea6edd8aa1389f83","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Agree. With streaming services competing closely , Apple has to create more content and user base&nbsp;","listText":"Agree. With streaming services competing closely , Apple has to create more content and user base&nbsp;","text":"Agree. With streaming services competing closely , Apple has to create more content and user base","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/898859653","repostId":"1117756865","repostType":4,"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000217","authorId":"9000000000000217","name":"花儿对我笑0","avatar":"https://static.tigerbbs.com/8e83e48989b3401bb5773e10a7c62208","crmLevel":1,"crmLevelSwitch":0},"content":"Apple's stock is very stable, and the income is quite good if it is held continuously. Apple gives me the feeling that it is a stable and steadily growing customer base. There will definitely be risks in other aspects, but it will not bring big fluctuations. I look at it purely from the perspective of individual stocks.","text":"Apple's stock is very stable, and the income is quite good if it is held continuously. Apple gives me the feeling that it is a stable and steadily growing customer base. There will definitely be risks in other aspects, but it will not bring big fluctuations. I look at it purely from the perspective of individual stocks.","html":"Apple's stock is very stable, and the income is quite good if it is held continuously. Apple gives me the feeling that it is a stable and steadily growing customer base. There will definitely be risks in other aspects, but it will not bring big fluctuations. I look at it purely from the perspective of individual stocks."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970038967,"gmtCreate":1683702153360,"gmtModify":1683703008498,"author":{"id":"3546940454871502","authorId":"3546940454871502","name":"VinayV","avatar":"https://static.tigerbbs.com/af35774765d86980ea6edd8aa1389f83","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"&nbsp; I&nbsp;","listText":"&nbsp; I&nbsp;","text":"I","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970038967","repostId":"2334272027","repostType":2,"repost":{"id":"2334272027","pubTimestamp":1683699845,"share":"https://www.laohu8.com/m/news/2334272027?lang=&edition=full","pubTime":"2023-05-10 14:24","market":"us","language":"en","title":"Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2334272027","media":"Yahoo Finance","summary":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this y","content":"<html><head></head><body><p>Share repurchases, or stock buybacks, have appeared over and over in tech companies&#39; earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.</p><p>&#34;Our main takeaway is that share buybacks don&#39;t create or destroy a lot of wealth,&#34; Guest told Yahoo Finance Live. &#34;So you might wonder, &#39;Well, why are companies repurchasing on track for more than $1 trillion this year?&#39; The benefits seem to be an opportunity for management to signal that they believe the stock is undervalued.&#34; </p><p>There are plenty of criticisms of buybacks, including that companies use them to manipulate their share prices. But those criticisms haven&#39;t been necessarily proven by the data, according to Guest. </p><p>&#34;Some argue they&#39;re associated with excessive executive compensation and that companies that buy back don&#39;t have as much cash available to take advantage of investment opportunities, thereby sacrificing growth and ultimately profitability,&#34; he said. &#34;But our evidence comparing both companies that repurchased and companies that don&#39;t repurchase shares didn&#39;t find any large-scale, on average, evidence of those things.&#34;</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0098ff3e66c2f5ea3684e4353143604d\" tg-width=\"652\" tg-height=\"582\"/></p><p>Some of the biggest buyback news of this earnings cycle came from Alphabet (GOOG, GOOGL). If Google&#39;s $70 billion buyback announcement seems big, it is — sort of, VerityData analyst Ali Ragih said.</p><p>&#34;$70 billion is slightly large for them, but not when you compare and adjust market-wide,&#34; he said. &#34;The best way to think about $70 billion is to compare against the market cap because you can better normalize market-wide. $70 billion is equal to 5.2% of the market cap at Google.&#34;</p><p>Likewise, Apple (AAPL) also announced it would buy back $90 billion in stock this week.</p><h2>Why companies buy back stock – and when they should</h2><p>So why do these companies do stock buybacks? </p><p>&#34;Repurchases have more flexibility than dividends,&#34; Guest said. &#34;They&#39;re easier to temporarily cut during downtime, and repurchasing shares reduces the amount of cash that could be misused on management&#39;s pet projects.&#34;</p><p>Another reason, Guest added, is that &#34;managers and others — the board, for example — can use repurchased shares to compensate employees. So those seem to be the benefits, as opposed to improving long-term profitability or creating additional investment opportunities.&#34;</p><p>It&#39;s worth doing buybacks when management thinks the company&#39;s valuation is low, Ragih said.</p><p>&#34;The best time to do a buyback is when the valuation is low because companies get the most bang for their buyback,&#34; he told Yahoo Finance. &#34;If Google spends $15 billion, they’d want to get the most amount of shares for that $15 billion – lower stock price will get them more shares for the same overall dollar value of spend.&#34;</p><p>It&#39;s even more worthwhile if the company in question has the cash, which Alphabet does, Ragih added.</p><p>&#34;Google has a high amount of free cash flow and not much else to spend it on, so it’s appropriate to return cash to shareholders,&#34; he said. &#34;To boil it down, after they pay for organic investments, they still have a lot of cash left each quarter. The cash balance is about $100 billion so they defer to buybacks.&#34;</p><p>However, buyback backlash has increased in recent years. Critics say that they enrich companies and executives without improving the overall economy. So over time, shareholders may see fewer buybacks if that trend continues. </p><p>&#34;If the disincentives increase — for example, if we get this 4% tax or other limits on what managers can do in terms of selling their own shares after the company has bought back shares, and other potential restrictions — then some firms might decide to retain the cash instead or switch to dividends, which both could have negative consequences,&#34; Guest said. &#34;For example, dividends, as we know, are taxed as income tax, ... whereas repurchases typically generate a capital gain. So that could create some additional costs for shareholders.&#34; </p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Earnings Featured More Stock Buybacks – Here's What That Means for Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-10 14:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest...</p>\n\n<a href=\"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","META":"Meta Platforms","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334272027","content_text":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.\"Our main takeaway is that share buybacks don't create or destroy a lot of wealth,\" Guest told Yahoo Finance Live. \"So you might wonder, 'Well, why are companies repurchasing on track for more than $1 trillion this year?' The benefits seem to be an opportunity for management to signal that they believe the stock is undervalued.\" There are plenty of criticisms of buybacks, including that companies use them to manipulate their share prices. But those criticisms haven't been necessarily proven by the data, according to Guest. \"Some argue they're associated with excessive executive compensation and that companies that buy back don't have as much cash available to take advantage of investment opportunities, thereby sacrificing growth and ultimately profitability,\" he said. \"But our evidence comparing both companies that repurchased and companies that don't repurchase shares didn't find any large-scale, on average, evidence of those things.\"Some of the biggest buyback news of this earnings cycle came from Alphabet (GOOG, GOOGL). If Google's $70 billion buyback announcement seems big, it is — sort of, VerityData analyst Ali Ragih said.\"$70 billion is slightly large for them, but not when you compare and adjust market-wide,\" he said. \"The best way to think about $70 billion is to compare against the market cap because you can better normalize market-wide. $70 billion is equal to 5.2% of the market cap at Google.\"Likewise, Apple (AAPL) also announced it would buy back $90 billion in stock this week.Why companies buy back stock – and when they shouldSo why do these companies do stock buybacks? \"Repurchases have more flexibility than dividends,\" Guest said. \"They're easier to temporarily cut during downtime, and repurchasing shares reduces the amount of cash that could be misused on management's pet projects.\"Another reason, Guest added, is that \"managers and others — the board, for example — can use repurchased shares to compensate employees. So those seem to be the benefits, as opposed to improving long-term profitability or creating additional investment opportunities.\"It's worth doing buybacks when management thinks the company's valuation is low, Ragih said.\"The best time to do a buyback is when the valuation is low because companies get the most bang for their buyback,\" he told Yahoo Finance. \"If Google spends $15 billion, they’d want to get the most amount of shares for that $15 billion – lower stock price will get them more shares for the same overall dollar value of spend.\"It's even more worthwhile if the company in question has the cash, which Alphabet does, Ragih added.\"Google has a high amount of free cash flow and not much else to spend it on, so it’s appropriate to return cash to shareholders,\" he said. \"To boil it down, after they pay for organic investments, they still have a lot of cash left each quarter. The cash balance is about $100 billion so they defer to buybacks.\"However, buyback backlash has increased in recent years. Critics say that they enrich companies and executives without improving the overall economy. So over time, shareholders may see fewer buybacks if that trend continues. \"If the disincentives increase — for example, if we get this 4% tax or other limits on what managers can do in terms of selling their own shares after the company has bought back shares, and other potential restrictions — then some firms might decide to retain the cash instead or switch to dividends, which both could have negative consequences,\" Guest said. \"For example, dividends, as we know, are taxed as income tax, ... whereas repurchases typically generate a capital gain. So that could create some additional costs for shareholders.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970038008,"gmtCreate":1683702147805,"gmtModify":1683703006030,"author":{"id":"3546940454871502","authorId":"3546940454871502","name":"VinayV","avatar":"https://static.tigerbbs.com/af35774765d86980ea6edd8aa1389f83","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I'm<a href=\"https://ttm.financial/U/4092822585676840\">@AGMH&nbsp;</a>","listText":"I'm<a href=\"https://ttm.financial/U/4092822585676840\">@AGMH&nbsp;</a>","text":"I'm@AGMH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970038008","repostId":"2334272027","repostType":2,"repost":{"id":"2334272027","pubTimestamp":1683699845,"share":"https://www.laohu8.com/m/news/2334272027?lang=&edition=full","pubTime":"2023-05-10 14:24","market":"us","language":"en","title":"Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2334272027","media":"Yahoo Finance","summary":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this y","content":"<html><head></head><body><p>Share repurchases, or stock buybacks, have appeared over and over in tech companies&#39; earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.</p><p>&#34;Our main takeaway is that share buybacks don&#39;t create or destroy a lot of wealth,&#34; Guest told Yahoo Finance Live. &#34;So you might wonder, &#39;Well, why are companies repurchasing on track for more than $1 trillion this year?&#39; The benefits seem to be an opportunity for management to signal that they believe the stock is undervalued.&#34; </p><p>There are plenty of criticisms of buybacks, including that companies use them to manipulate their share prices. But those criticisms haven&#39;t been necessarily proven by the data, according to Guest. </p><p>&#34;Some argue they&#39;re associated with excessive executive compensation and that companies that buy back don&#39;t have as much cash available to take advantage of investment opportunities, thereby sacrificing growth and ultimately profitability,&#34; he said. &#34;But our evidence comparing both companies that repurchased and companies that don&#39;t repurchase shares didn&#39;t find any large-scale, on average, evidence of those things.&#34;</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0098ff3e66c2f5ea3684e4353143604d\" tg-width=\"652\" tg-height=\"582\"/></p><p>Some of the biggest buyback news of this earnings cycle came from Alphabet (GOOG, GOOGL). If Google&#39;s $70 billion buyback announcement seems big, it is — sort of, VerityData analyst Ali Ragih said.</p><p>&#34;$70 billion is slightly large for them, but not when you compare and adjust market-wide,&#34; he said. &#34;The best way to think about $70 billion is to compare against the market cap because you can better normalize market-wide. $70 billion is equal to 5.2% of the market cap at Google.&#34;</p><p>Likewise, Apple (AAPL) also announced it would buy back $90 billion in stock this week.</p><h2>Why companies buy back stock – and when they should</h2><p>So why do these companies do stock buybacks? </p><p>&#34;Repurchases have more flexibility than dividends,&#34; Guest said. &#34;They&#39;re easier to temporarily cut during downtime, and repurchasing shares reduces the amount of cash that could be misused on management&#39;s pet projects.&#34;</p><p>Another reason, Guest added, is that &#34;managers and others — the board, for example — can use repurchased shares to compensate employees. So those seem to be the benefits, as opposed to improving long-term profitability or creating additional investment opportunities.&#34;</p><p>It&#39;s worth doing buybacks when management thinks the company&#39;s valuation is low, Ragih said.</p><p>&#34;The best time to do a buyback is when the valuation is low because companies get the most bang for their buyback,&#34; he told Yahoo Finance. &#34;If Google spends $15 billion, they’d want to get the most amount of shares for that $15 billion – lower stock price will get them more shares for the same overall dollar value of spend.&#34;</p><p>It&#39;s even more worthwhile if the company in question has the cash, which Alphabet does, Ragih added.</p><p>&#34;Google has a high amount of free cash flow and not much else to spend it on, so it’s appropriate to return cash to shareholders,&#34; he said. &#34;To boil it down, after they pay for organic investments, they still have a lot of cash left each quarter. The cash balance is about $100 billion so they defer to buybacks.&#34;</p><p>However, buyback backlash has increased in recent years. Critics say that they enrich companies and executives without improving the overall economy. So over time, shareholders may see fewer buybacks if that trend continues. </p><p>&#34;If the disincentives increase — for example, if we get this 4% tax or other limits on what managers can do in terms of selling their own shares after the company has bought back shares, and other potential restrictions — then some firms might decide to retain the cash instead or switch to dividends, which both could have negative consequences,&#34; Guest said. &#34;For example, dividends, as we know, are taxed as income tax, ... whereas repurchases typically generate a capital gain. So that could create some additional costs for shareholders.&#34; </p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Earnings Featured More Stock Buybacks – Here's What That Means for Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Earnings Featured More Stock Buybacks – Here's What That Means for Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-10 14:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest...</p>\n\n<a href=\"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","META":"Meta Platforms","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/tech-earnings-featured-more-stock-buybacks--heres-what-that-means-for-investors-205638384.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334272027","content_text":"Share repurchases, or stock buybacks, have appeared over and over in tech companies' earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.\"Our main takeaway is that share buybacks don't create or destroy a lot of wealth,\" Guest told Yahoo Finance Live. \"So you might wonder, 'Well, why are companies repurchasing on track for more than $1 trillion this year?' The benefits seem to be an opportunity for management to signal that they believe the stock is undervalued.\" There are plenty of criticisms of buybacks, including that companies use them to manipulate their share prices. But those criticisms haven't been necessarily proven by the data, according to Guest. \"Some argue they're associated with excessive executive compensation and that companies that buy back don't have as much cash available to take advantage of investment opportunities, thereby sacrificing growth and ultimately profitability,\" he said. \"But our evidence comparing both companies that repurchased and companies that don't repurchase shares didn't find any large-scale, on average, evidence of those things.\"Some of the biggest buyback news of this earnings cycle came from Alphabet (GOOG, GOOGL). If Google's $70 billion buyback announcement seems big, it is — sort of, VerityData analyst Ali Ragih said.\"$70 billion is slightly large for them, but not when you compare and adjust market-wide,\" he said. \"The best way to think about $70 billion is to compare against the market cap because you can better normalize market-wide. $70 billion is equal to 5.2% of the market cap at Google.\"Likewise, Apple (AAPL) also announced it would buy back $90 billion in stock this week.Why companies buy back stock – and when they shouldSo why do these companies do stock buybacks? \"Repurchases have more flexibility than dividends,\" Guest said. \"They're easier to temporarily cut during downtime, and repurchasing shares reduces the amount of cash that could be misused on management's pet projects.\"Another reason, Guest added, is that \"managers and others — the board, for example — can use repurchased shares to compensate employees. So those seem to be the benefits, as opposed to improving long-term profitability or creating additional investment opportunities.\"It's worth doing buybacks when management thinks the company's valuation is low, Ragih said.\"The best time to do a buyback is when the valuation is low because companies get the most bang for their buyback,\" he told Yahoo Finance. \"If Google spends $15 billion, they’d want to get the most amount of shares for that $15 billion – lower stock price will get them more shares for the same overall dollar value of spend.\"It's even more worthwhile if the company in question has the cash, which Alphabet does, Ragih added.\"Google has a high amount of free cash flow and not much else to spend it on, so it’s appropriate to return cash to shareholders,\" he said. \"To boil it down, after they pay for organic investments, they still have a lot of cash left each quarter. The cash balance is about $100 billion so they defer to buybacks.\"However, buyback backlash has increased in recent years. Critics say that they enrich companies and executives without improving the overall economy. So over time, shareholders may see fewer buybacks if that trend continues. \"If the disincentives increase — for example, if we get this 4% tax or other limits on what managers can do in terms of selling their own shares after the company has bought back shares, and other potential restrictions — then some firms might decide to retain the cash instead or switch to dividends, which both could have negative consequences,\" Guest said. \"For example, dividends, as we know, are taxed as income tax, ... whereas repurchases typically generate a capital gain. So that could create some additional costs for shareholders.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898856008,"gmtCreate":1628486537404,"gmtModify":1703506900326,"author":{"id":"3546940454871502","authorId":"3546940454871502","name":"VinayV","avatar":"https://static.tigerbbs.com/af35774765d86980ea6edd8aa1389f83","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Excellent article . Nicely articulated[Smile]&nbsp;","listText":"Excellent article . Nicely articulated[Smile]&nbsp;","text":"Excellent article . Nicely articulated[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898856008","repostId":"1119793781","repostType":4,"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}