S&P 500 companies expected to buy back $800 billion of their own shares

JP Morgan said that S&P 500 companies will buy back a record $800 billion of their own shares in 2018, funded by savings on tax, strong earnings and the repatriation of cash held overseas. The analysis far exceeds the $530 billion in stock buybacks the firm recorded in 2017, MarketWatch notes. That will far exceed the $530 billion in share buybacks that was recorded in 2017.

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Administration already claimed victory on this one. Why is that so significant? Because share buybacks don’t help the average worker,

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I see where the tax savings are going

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Just now, Joanna said:

I see where the tax savings are going

That's exactly where the trillion dollars in handouts are going ... not back into the economy for sure

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Sometimes there are good reasons for a country to borrow money under the right circumstances. Borrowing more than a trillion dollars to give to the rich when the country is already in great debt, is surely not one of them.

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8 minutes ago, 李伟王芳 said:

Administration already claimed victory on this one. Why is that so significant? Because share buybacks don’t help the average worker,

So much for raises and hiring that the tax cut was supposed to do.

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8 minutes ago, Joanna said:

I see where the tax savings are going

If there was any seriousness to that claim they would've cut the payroll tax. But that is utopia 

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So half the money Trump added to the debt is going to buyback shares and inflate top company salaries and major stockholders.

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Don't forget that 10 percent own 86 percent of stocks.

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4 minutes ago, 李伟王芳 said:

If there was any seriousness to that claim they would've cut the payroll tax. But that is utopia 

Sooo, no new jobs?

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Over 65% of the corporate tax breaks are going towards stock buy backs. 

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I don't understand Mnuchin's comment: "To the extent that there are share buybacks, that’s capital that’s recycled back into the economy, It doesn’t sit in banks.” 

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Publicly traded companies reducing shares outstanding is a good thing. For those that want to participate, save your money and buy stocks!

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59 minutes ago, Freeze dried mule said:

Publicly traded companies reducing shares outstanding is a good thing. For those that want to participate, save your money and buy stocks!

solid tips are welcome:)

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2 hours ago, Freeze dried mule said:

Publicly traded companies reducing shares outstanding is a good thing. For those that want to participate, save your money and buy stocks!

I understand the sentiment, of course, but who wants to buy stocks right now?

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I'm not suggesting anyone buy anything. I was responding to a comment about buybacks benefitting management and shareholders.

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1 hour ago, Freeze dried mule said:

I'm sure as a Hillary voter you can figure it out ;)

I would never vote for her. Xi Jinping is my pick. Has approval rate as Clinton and Trump combined

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If memory serves me Xi hit it off quite nicely with Trump...that being said capitalism still beats communism and socialism.

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just take a look at trade deficit between two countries. Capitalism going broke

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5 hours ago, 李伟王芳 said:

Administration already claimed victory on this one. Why is that so significant? Because share buybacks don’t help the average worker,

It does help the average worker who has money in the stock market.

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Not when the Dow is losing tons of points. It lost 1100 points just last week. And I wonder how many average workers have money in the stock market? I'm not suggesting they don't. I really don't know but would like some insight ...

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16 hours ago, LAOIL said:

Not when the Dow is losing tons of points. It lost 1100 points just last week. And I wonder how many average workers have money in the stock market? I'm not suggesting they don't. I really don't know but would like some insight ...

Dow losing points or not, traders can still profit. 

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