NASDAQ:MSFT needs to do a split. It doesn't have buybacks at this time. It is at risk of more downside until it hits prior lows. Support should kick in at the lows of prior rebound areas. The last earnings report was good. Percentage of Shares Held by Institutions ticked up this quarter.
NYSE:IBM did not have a great earnings report for the 1st Quarter 2024, but 2nd quarter improved. The stock has one of the better charts in the Dow 30 components. It has held up better than most of the Dow components, except for those stocks that are in buyback mode. It has been tapering off its buybacks for 2 quarters. So the gains holding above the support...
NASDAQ:AMGN shows a buyback run followed by a sell day that was instigated by market makers as buyers quickly disappeared. Remember that corporate buybacks are done by bank floor traders to add stock to their inventory so they won't take profits at the peak of the run; those are other market participants, such as market makers.
NYSE:KO is another example of a...
Many companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities.
Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI)...
Goldman Sachs, one of the very few giant financial services companies left, is intending to do the first mega buyback program that will exceed One TRILLION dollars into 2025. Gasp.
So the chart shows the initial buybacks commencing and the support of its stock price during the very dicey sideways trend.
The company reports earnings Monday, April 15. Enough...
NYSE:JPM reached New Highs recently with a huge number of buybacks driving the stock upward so fast and so high. The big bank has also been busy gobbling up regional banks for two years now. JPM's floor traders, trading aggressively in a few key industries, are doing well.
However, Revenues and Earnings were down last quarter over the prior quarter. And Volume...
NYSE:GS has had a sudden huge decline in its Institutional Holdings from last quarter--a whopping 12%. That's huge. This suggests that often the selling is from Buy-Side Institutions.
Goldman Sachs has a buyback program of 30 billion dollars underway, approved end of February 2023. The Buybacks started in March and have continued until recently. I showed the...
As the #3 most heavily weighted stock for the TVC:DJI , NYSE:GS was one of the drivers behind the run down this week.
In February, a buyback program of 30 billion was approved. Buybacks probably commenced in March and have been boosting the price up within the trading range until recently. It may be that the buyback money has been depleted.
Goldman Sachs...
If you haven`t bought the dip:
then you should know that today BCTX BriaCell Announced 10% Buyback of its Common Shares and up to 10% of Listed Warrants!
My short term Price Target is 9.30usd.
The Setup
Northrop Grumman has made a support trend line since 2013, and it now looks to be bouncing from that line after approaching it Friday. NOC also has support at 287 from recent lows. More importantly, NOC has a positive news catalyst after announcing a $2 billion buyback program this morning.
Value
NOC is a pretty compelling value. I estimate forward...
A push beyond $76.67 opens some extended targets into ATH:
TG1 🎯- $77.56
TG2 🎯 $79.21
extended TG3 🎯 - $81.50
extended TG4 🎯- $85.20
Invalidated below $70 ⚠️
We are in $76 calls for 1/29
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SINA is stuck in a trading range of 10–15 points despite strong buyback activity that supports the stock at the lows of the range. SINA buybacks are struggling to maintain the price level.
