Stock buybacks have hit madness levels.
For the first time in 10 years, stock buybacks are accounting for the largest share of cash spending by S&P 500 firms, says Goldman Sachs. Buybacks surged by 48% to $384 billion during the first half of the year.
CEOs have learned little from the Great Recession, it appears.
Trade War Is Here
The market continues to ignore what is a full blown U.S. trade war with China. That ignorance could end badly for those not prepared.
Around TheStreet
Salesforce CEO Marc Benioff and his wife Lynne will be the proud owners of Time magazine in 30 days. All it cost was $190 million. Staying on the topic of Salesforce, TheStreet’s founder Jim Cramer remains bullish on the Action Alerts PLUS holding. In fact, Cramer thinks your children should be fluent in Salesforce if they want to be successful.
You can also find us on…
SUBSCRIBE |
ACTION ALERTS PLUS |
FACEBOOK |
TWITTER |
PODCASTS |
THESTREET.COM |
LINKEDIN |
INSTAGRAM |
Sign up for ActionAlertsPlus.com today for exclusive insight into Jim Cramer’s charitable portfolio:
source
