08-08-2018, 02:02 PM
The stock market’s new buzzy number is $1,000,000,000,000. And after one prominent tech giant hit that market-value milestone last week, the 13-digit figure may hold a different level of resonance for the broader market in terms of share buybacks. Indeed, analysts at Goldman Sachs project that stock repurchases will reach $1 trillion this year, up 46% from 2017 on the back of tax reform and strong corporate cash flows. And investors are likely to see immediate the impact of those repurchases as August tends to be the most popular month for buybacks. The month usually accounts for 13% of such deals for the year, Goldman says.
Stock market to get $1 trillion boost via buybacks, says Goldman - MarketWatch