Targeting stocks with recently announced buyback programs can be beneficial for investors. Buyback programs can be seen as a signal of confidence by the company’s management in the future prospects of the business. When a company announces a buyback program, it indicates that it believes its stock is undervalued and that it has excess cash available to repurchase shares, which can be interpreted as a positive sign for investors. Buybacks can also potentially increase the value of the remaining shares by reducing the total number of shares outstanding, which could lead to higher earnings per share and potentially higher stock prices.
Here are three stock buybacks for the week –
AMTD IDEA Group – SYM: AMTD
Recent Price: $1.79
Buyback Action: The Board of Directors approved a new $20 million share repurchase program, equal to around 14% of its market cap at announcement.
Description: AMTD IDEA Group, an investment holding company, provides capital market solutions in China, Hong Kong, Europe, the United States, and internationally. The company operates through four segments: Capital Market Solutions; Digital Solutions and Other Services; Fashion and Luxury Media Advertising and Marketing Services; and Strategic Investment.
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America’s Cash Bubble Set to Burst March 20th
I’m going public today with an urgent new warning. I believe the most popular investment is set to pop…And it could all start just days from now. This has NOTHING to do with A.I. stocks. It has NOTHING to do with crypto currency, and it has NOTHING to do with high-flying tech stocks. Instead, this corner of the market you likely have cash parked in has swelled to nearly $6 trillion. Most people – maybe you – aren’t prepared.
Click here to watch this warning now.
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Garrett Motion Inc. – SYM: GTX
Recent Price: $9.15
Buyback Action: The Board of Directors announced that it had approved a new $350 million stock repurchase agreement. This represents around 15% of its market cap at announcement.
Description: Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers, as well as electrified vehicles; and provides automotive software solutions. It offers its products in the aftermarket through distributors. The company was incorporated in 2018 and is headquartered in Rolle, Switzerland.
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#1 Option Trade RIGHT NOW
Let’s keep this short and sweet. Once a week, at one specific time, an unusual opportunity presents itself. At least it does for Chartered Market Technician, Christian Tharp… The opportunity is evident, just check out these trades. All of these moves happen in less than 24 hours! You’re about to see exactly how he identifies these opportunities. As 1 of 4,500 Chartered Market Technicians (CMT) in the world, Christian is a qualified technical analyst of stock trends, financial trends and forecasting future price movements. Which is why he is able to pinpoint options trades with massive potential.
Learn more here.
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PBF Energy Inc. – SYM: PBF
Recent Price: $50.62
Buyback Action: The Board of Directors announced that it had approved a new $750 million stock repurchase agreement. This represents around 12% of its market cap at announcement.
Description: PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.
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AI “wealth window” will close March 8, 2024?
Before You Invest in AI, Watch THIS First.
Artificial intelligence is the greatest wealth-building opportunity for regular Americans in the past 150 years.
Some estimate it will be $15.7 trillion boom.
But most folks won’t make a penny.
Why? The AI Paradox. Before you spend one nickel on AI…
James Altucher here and I urge you to watch this first. I’ll show you everything you need to know.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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