3 Consumer Stocks to Track for Bullish Clues as Buyback Trends Remain Tepid

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Stocks Analysis by Christine Short covering: Molson Coors Brewing Co Class B, Las Vegas Sands Corp, Restaurant Brands International Inc. Read Christine Short's latest article on Investing.com

Q3 featured just a modest increase in global share repurchase announcements, and the fourth quarter is off to a sluggish start

Corporate buybacks turned higher in Q3 on a trailing four-quarter basis. Temper your excitement, however, as the uptick barely registered on the long-term buyback announcement chart. Executives continue to approach capital allocation decisions with trepidation amid steeply rising costs of capital and ongoing bouts of volatility.

In late August, the quick service restaurant company announced a $1 billion buyback plan that extends through September 2025. The stock rallied after the news hit the tape, but sellers regained control in short order. It wasn't a groundbreaking announcement since the plan's approval followed the expiration of a previous 2-year repurchase authorization.If a burger and fries don't hit the spot, maybe a tall cold one will ease your market anxiety.

Indeed, the last five months have been a major flop for shareholders with LVS plunging from near $65 to the mid-$40s. Tepid growth out of China is the obvious culprit , and recent travel warnings associated with rising geopolitical tensions do the resort operator no favors.

 

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Dow books worst October since 2020 as U.S. stocks close higher Tuesday before Fed decisionChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
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