U.S. stock buybacks appear to be hitting new records as companies head into quarterly earnings season, even as some investors worry about the growing threat of inflation, a potential recession and stagnant share prices.
"I don't think these are one-offs. I think you're going to see more companies perhaps slow down their buyback process and be more like they were in early 2020, thinking, 'how much cash do I need on my balance sheet to weather this particular storm if in fact we go into a recession'," predicted Art Hogan, chief market strategist at National Securities in New York.
EPFR, Informa Financial Intelligence analyst Winston Chua, who tracks new buyback announcements, said that - at least for now - companies appear to be aggressively repurchasing their shares. New buybacks announced in March reached about $74 billion, compared to $54 billion in March 2021, Chua said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
GBP/JPY holds firm below highs of the day around, stalling between 161.70/97At 161.79, GBP/JPY is nearly 0.5% at the time of writing, after travelling from a low of 160.49 to reach a high of 161.97. The yen is under pressure a
Les mer »
Despite national decline, Bay Area gas prices remain at record highs - The San Francisco ExaminerWhile the national average price for a gallon of regular gasoline has decreased by 5 cents to $4.19 over the past week, Bay Area drivers are still paying $1.66 more a gallon than the rest of the country.
Les mer »
Navigating the highs and lows of cholesterol mythsIn the U.S., 12 percent of people 20 years or older have high cholesterol.
Les mer »
Poorest US Counties Suffered Twice the COVID Deaths of the RichestA first-of-its-kind examination of the pandemic’s impact on low-income communities shows that Covid-19 has been twice as deadly in poor counties as in wealthy ones, a damning indictment of the U.S. government’s pandemic response.
Les mer »
Navigating the highs and lows of cholesterol mythsIn the U.S., 12 percent of people 20 years or older have high cholesterol.
Les mer »
Oil executive testimony, Fed minutes, Levi Strauss earnings top week aheadFOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Les mer »