Published on 16 Apr 2024 on InvestorPlace via Yahoo Finance
Buyback Bonanza: The Top 7 ETFs to Profit From Corporate Cash Splurges
80% of S&P 500 companies are entering pre-earnings buyback blackouts, according to Bloomberg. Analysts anticipate a potential rebound post-blackout. Historically, corporate buybacks have bolstered stock prices, and their temporary suspension, noted by Deutsche Bank, could lead to increased market volatility until early May. This backdrop has led to this list of Buyback ETFs to consider.
Additionally, this period might also witness a rotation into sectors that investors believe will benefit most during an upturn, Bloomberg noted, with recent breakouts in economically sensitive industries like semiconductors, homebuilders, and transportation.