Another Tailwind for Stocks - RECORD Stk BuyBacks (Patreon)

Hi Team

Companies use stock buybacks as a way to increase the value of their stock. By reducing the number of O/S shares, the buyback effectively increases the earnings per share and boosts the stock price and also shows mgt have confidence that price is darn low. 

RECORD STOCK BUYBACKS probably means Mgt feel prices are at Record Lows. Rem this is for select stocks only like META 

President Joe Biden dislikes them. The taxman is coming after them. And Wall Street strategists warn the boom won’t last. Yet against all odds, Corporate America continues to splurge on its own shares — a force that has fueled the new year rally.  

In the first month of 2023, announced buybacks more than tripled to $132 billion from a year ago, reaching the highest total ever to start a year, according to data compiled by Birinyi Associates. The planned repurchases surpassed the previous January record, set two years ago, by more than 15%.