Companies that robustly buy back stock may fuel Wall Street's next move higher. That was the message Jim Cramer drove home in his Sunday night column for Investing Club members, which prompted us to examine our holdings' share repurchasing activity. Most companies in Jim's Charitable Trust, the portfolio we use for the Club, buy back stock in some capacity.
76% Starbucks is fourth on this list despite only buying back stock during the first half of its fiscal year 2022 which ended Oct. 2. Howard Schultz paused the repurchase program in April when he came back as interim CEO, saying he wanted to invest more of the coffee chain's profits "into our people and our stores." However, buybacks resumed in the first quarter of fiscal 2023, according to a regulatory filing. Starbucks had a market value of $117.2 billion.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Jim Cramer says Constellation Energy and Sempra Energy are dependable utility stocksJim Cramer advised investors to consider adding shares of “steady-eddy” utility companies to their portfolios for their dependability. RIP those names So sell. dump your shares
Leggi di più »