NEW YORK — The biggest buyers of stocks are coming back. More than any other group, companies themselves are the largest purchasers of their own shares. But they were notably absent from the market the last few weeks, just as stock prices were tumbling on worries about global trade and rising interest rates. Businesses were holding back on repurchases the last few weeks because they were in one of their "blackout" periods for buybacks, a regular occurrence leading up to the release of their quarterly results. Now that most companies in the S&P 500 index have given their third-quarter reports, blackouts are lifting, and analysts across Wall Street say the return of those buyers should help support the market. The S&P 500 climbed 2.7 percent over Tuesday and Wednesday, after losing nearly 10 percent in the four prior weeks. "There's been a quiet period on buybacks, and the indication is that next month we're going to have four times as many buybacks as we had" in October, … [Read more...] about As stock prices go on discount, their biggest buyers return
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The tech company reported its third-quarter earnings and helped lead a rebound for the Entrepreneur Index™. Andrew Osterland Published 5:00 pm CDT, Thursday, October 25, 2018 Photo: Andrew Burton | Getty Images Photo: Andrew Burton | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Andrew Burton | Getty Images Twitter's Stock Price Jumped 15 Percent Today. Here's Why. 1 / 1 Back to Gallery The stock market responded to its recent woes with a mighty tweet today. Led by Twitter -- up 15.47 percent on the day -- the market rebounded from yesterday's plunge with a strong day across all segments of the market. The Entrepreneur Index™ was up 3.45 percent with 53 of 60 stocks posting gains for the … [Read more...] about Twitter’s Stock Price Jumped 15 Percent Today. Here’s Why.
Matthew DeBord, provided by Published 10:53 am CDT, Monday, October 1, 2018 After Tesla and CEO Elon Musk announced a settlement with the SEC, the company's stock surged by more than 15% after swooning by as much last week. Tesla is trapped in a surreal debate between short-sellers who don't understand its business and a new class of tech bulls who ... don't understand its business. They can be completely ignored if you're willing to focus on a few simple Tesla fundamentals. Last week, the Securities and Exchange Commission (SEC) revealed a lawsuit against Tesla CEO Elon, seeking to ban him from being an officer of a public company. Over the weekend, Musk settled with the SEC and agreed to step down as Chairman of Tesla (for a few years). Between last Thursday and this Monday, Tesla shares swung about $85 in total, or around 30%. Even by the deranged standards of an always-volatile stock, that's insane. Obviously, the risk of losing Musk as CEO is the biggest risk … [Read more...] about Tesla’s stock price is completely ridiculous and anybody who tells you otherwise shouldn’t be trusted (TSLA)
Susan Tompor Detroit Free Press Published 1:10 p.m. UTC Jun 15, 2018 No doubt, Ford's purchase of the old Michigan Central Station will transform Detroit's iconic landmark, along with a good stretch of Michigan Avenue. Could all the excitement, though, work its way from Michigan Avenue to Wall Street? Will the out-of-the-boxy Glass House thinking put some spark in Ford's languishing stock price? One might hope that Ford's creative commitment to Detroit could give investors more confidence in Ford's ability to transform its business, capture top talent and play a major role in the mobility market. After all, a cool campus in Detroit could rival work environments for places like Google and Apple. For Detroiters, we're looking at an amazing next chapter in the city's revival, just five years after the city of Detroit filed for bankruptcy. "It legitimizes Detroit's comeback," said Mike Ramsey, a Gartner analyst who tracks autonomous technology. The abandoned … [Read more...] about Will Ford’s Detroit train station purchase spark its stock price?
Published May 29, 2018 Markets Motley Fool Facebook Twitter Comments Print JetBlue Airways (NASDAQ: JBLU) reported strong first-quarter results a month ago and a solid outlook for the rest of the year. However, investors didn't seem to care, sending JetBlue stock down further -- perhaps due to concerns about whether the carrier can offset the cost headwind from rising fuel prices. Whatever the reason, JetBlue stock has barely budged in three years. Based on its Friday closing price of $19.41, the stock trades for less than 10 times analysts' 2019 earnings estimates. This is extraordinarily cheap, considering the carrier's massive growth opportunities. Continue Reading Below JetBlue's management is wisely reacting by increasing its share repurchase activity. Share buybacks will accelerate the company's EPS growth, providing a huge windfall for long-term investors. JetBlue authorizes another big buyback program In 2016, JetBlue's board authorized a $500 … [Read more...] about JetBlue Ramps Up Share Buybacks as Its Stock Price Stumbles