tl;dr
S&P 500 (NYSE:SPGI) Q3 2023 buybacks totaled $185.6B, marking a 6.1% rise from Q2 2023 and a 12% decrease from last year's $210.8B, reported by the S&P Dow Jones Indices. A total of 281 companies initiated buybacks of at least $5M during the quarter, down from 304 in Q2 2023 and 362 companies partic...
S&P 500 (NYSE:SPGI) Q3 2023 buybacks totaled $185.6B, marking a 6.1% rise from Q2 2023 and a 12% decrease from last year's $210.8B, reported by the S&P Dow Jones Indices. A total of 281 companies initiated buybacks of at least $5M during the quarter, down from 304 in Q2 2023 and 362 companies participated in buybacks for the quarter, a decline from 384 in Q3 2022.
Information Technology led in buybacks with $48.6B, while Financials reported a pullback to $29.3B due to concerns over new regulations and declining margins. Energy accounted for 8.7% of total buybacks at $16.2B. On the flip side, 13.5% of companies decreased share counts by at least 4% year-over-year, below previous quarters. Lastly, S&P 500 Q3 2023 dividends increased 0.7% to $144.2 billion compared to Q2 2023's $143.2 billion and 2.7% from Q3 2022's $140.3 billion.
More about S&P Global Inc
S&P Global Inc is a publicly traded corporation in the financial information and analytics sector, with a market capitalization of $136.46 billion. The stock is currently trading at $55.94 with a 3.55% change in price. The company's P/E ratio stands at 38.31, indicating a relatively high valuation. The market sentiment appears to be positive, with a Relative Strength Index (RSI) of 0.202, suggesting the stock is not overbought or oversold. However, the stock is trading slightly below its 50-day moving average of $454.1, which may indicate a short-term bearish trend. Investors should keep an eye on support and resistance levels, as well as potential breakouts or reversal patterns, to assess the stock's future performance.
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020. The company is also the world's most valuable company as of January 2021. Additionally,
More about Alphabet Inc Class C
Alphabet Inc Class C is a technology company with a market value of $1.739 trillion and a stock price of $1739.02. The company has shown a 0.46% increase in stock performance, with a bullish trend indicated by a Relative Strength Index (RSI) of 146.1. However, the stock is currently trading at a resistance level, and the Bollinger Bands suggest potential volatility in the near future. Given the company's strong financial metrics and market sentiment, there is potential for continued growth, but investors should be cautious of potential risks and uncertainties in the market.
More about Meta Platforms Inc.
Meta Platforms Inc. (formerly Facebook) operates in the technology and services sector, focusing on computer programming, data processing, and related services. The company has a market capitalization of $897.6 billion, with a stock price of $372.82. Over the past year, the stock has shown a price range of $30.86 to $48.97, with a beta of 1.679. Market sentiment towards Meta Platforms Inc. is currently neutral, with a Relative Strength Index (RSI) of 48.97, indicating neither overbought nor oversold conditions. The stock has been trading in a range-bound pattern, with support and resistance levels at $30.86 and $48.97 respectively. There are potential risks associated with the stock, as past performance is not always indicative of future results.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company with a market cap of $2.78 trillion. The stock is currently trading at $407.02 with a 52-week range of $277.62 - $651.80. The stock has a relatively low beta of 0.272, indicating lower volatility compared to the overall market. The company has a healthy profit margin of 29.35% and a strong return on equity of 36.23%. The Relative Strength Index (RSI) is currently at 2.79, suggesting the stock is oversold. The moving averages indicate a bullish trend, with the stock trading above its 50-day and 200-day moving averages. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with investing in the stock.
More about NVIDIA Corporation
NVIDIA Corporation is a leading technology company in the manufacturing and semiconductors industry, with a market capitalization of $121.01 billion. The stock is currently trading at $641.23, with a 52-week high of $684.18 and a 52-week low of $444.00. The stock has shown a 12.74% return over the past year, outperforming the market average. The Relative Strength Index (RSI) of 64.55 indicates that the stock is currently in a slightly overbought condition, potentially signaling a short-term correction. However, the stock has been exhibiting a bullish trend, supported by strong buying momentum. The company's financial performance and market sentiment remain positive, driven by its strong presence in the gaming and professional markets, as well as its expansion into the mobile computing and automotive market. However, investors should be aware of potential risks and uncertainties, as past market behavior is not always indicative of future performance.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.