Stock Buybacks On Track For Another Record Year

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Michelle deBoer-Jones
Published on
Updated on

It’s still early, but so far this year is turning out to be one of reversals. Between an uneasy Federal Reserve, weakening economic data and ongoing trade tensions, investors just aren’t sure where to put their money. However, companies apparently are sure about one thing; most seem to think now is the time to buy back their stock. Buybacks drive single-stock purchases Bank of America Merrill Lynch strategists Jill Carey Hall and Savita Subramanian said in their latest “Equity Client Flow Trends” report that last week brought some major reversals from January. The firm’s clients were net buyers of U.S….

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.