Record-breaking Stock Buybacks in May: Apple Announces Largest Ever $110 Billion Program, AIG and Lam Research Follow Suit

New York, New York, USA United States of America
AIG and Lam Research also announce large buyback plans
Apple announces record-breaking $110 billion stock buyback program
SP 500 companies repurchased over $202 billion in Q1 2024
Total planned buybacks in May reach an all-time high of $201 billion
Record-breaking Stock Buybacks in May: Apple Announces Largest Ever $110 Billion Program, AIG and Lam Research Follow Suit

Record-breaking Stock Buybacks in May: Apple, AIG, and Lam Research Lead the Charge

May 2024 saw a surge in corporate confidence as companies shattered records with a massive increase in stock buybacks. According to data from Birinyi Associates, a total of 154 companies announced $201 billion in planned buybacks during the month, marking an all-time high.

Apple Takes the Lead Apple led the charge with a new record-breaking $110 billion buyback program. This is not only Apple's largest ever but also the largest on record across all companies. The tech giant's strong financial position and optimistic outlook for future earnings reflect its confidence in its business.

AIG and Lam Research Follow Suit American International Group (AIG) and Lam Research each announced $10 billion buyback plans, further contributing to the record-breaking month. AIG's decision comes after a successful turnaround following the financial crisis, while Lam Research's strong earnings report bolstered investor confidence.

SP 500 Companies Repurchase Over $202 Billion in Q1 The first quarter of 2024 saw SP 500 companies repurchasing over $202 billion in stock, the highest quarterly total since Q3 2023. This trend continued into May, with companies announcing record-breaking buybacks and demonstrating their commitment to returning value to shareholders.

Despite Market Volatility and Economic Uncertainty The surge in stock buybacks comes amid market volatility and economic uncertainty. The Federal Reserve's preferred inflation measure came in largely around expectations, providing some relief for investors. However, the upcoming election, Treasury yields, and consumer spending remain variables that could impact the market.


Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image

Confidence

96%

Doubts
  • Are there any potential regulatory issues that could impact these buyback plans?
  • Could economic conditions change significantly in the near future, affecting companies' financial positions?

Sources

87%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock market today: Wall Street rallies to close out a bloom-filled May

The Associated Press News Friday, 31 May 2024 06:13
  • Unique Points
    • Gap soared with a gain of 28.6% after delivering stronger profit and revenue than expected.
    • The parent company of Old Navy and Banana Republic reported growth across its brands, reversing earlier declines at most of them.
    • The retailer raised its forecasts for sales and profitability this year despite an uncertain economy outlook.
  • Accuracy
    • The S&P 500 rose 0.8% to close its sixth winning month in the last seven, setting an all-time high.
    • The yield on the 10-year Treasury fell to 4.50% from 4.55% after the inflation report
    • Virtually no one expects the Federal Reserve to cut interest rates at its next meeting in a week and a half but traders are betting on a nearly 85% probability that the Fed will cut at least once by the end of the year.
    • Growth in spending by consumers weakened more than economists expected
    • Growth in incomes for Americans also slowed last month
  • Deception (70%)
    The article contains editorializing and selective reporting. The author states 'An already verdant May for Wall Street finished with another push higher' and 'stocks rallied Friday after a report showed inflation is at least not worsening'. These statements are editorializing as they express the author's opinion about the market's performance and the significance of the inflation report. The author also selectively reports that 'Some underlying trends also improved by a touch more than expected', but does not mention that other underlying trends worsened, such as growth in consumer spending and incomes. This creates a misleading impression of the economic situation.
    • An already verdant May for Wall Street finished with another push higher
    • Some underlying trends also improved by a touch more than expected
    • stocks rallied Friday after a report showed inflation is at least not worsening
  • Fallacies (85%)
    The author makes an appeal to authority when quoting economists and financial experts Brian Jacobsen and Jeffrey Roach. They are quoted multiple times throughout the article to provide insights on the economy, inflation, and the Federal Reserve's actions.
    • > The pickle for the Fed is whether growth will slow faster than inflation.” said Brian Jacobsen, chief economist at Annex Wealth Management.
    • Growth in spending by consumers weakened by more than economists expected... According to Jeffrey Roach, chief economist for LPL Financial, businesses “need to prepare for an environment where consumers are not splurging like they were last year.”
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Dow closes more than 570 points higher to post best day in 2024, stocks wrap a winning May: Live updates

CNBC News Alex Harring, Thursday, 30 May 2024 22:02
  • Unique Points
    • Companies repurchased a record $201 billion in stock during May
    • Apple announced a $110 billion buyback program, the largest on record
    • AIG and Lam Research each announced $10 billion buyback plans
    • SP 500 companies repurchased over $202 billion in stock during Q1, highest since Q3 2022
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Dow closes more than 570 points higher to post best day in 2024, stocks wrap a winning May

NBC News Digital Saturday, 01 June 2024 00:31
  • Unique Points
    • Dow Jones Industrial Average jumped for its best session of the year, adding 574.84 points or 1.51% to close at 38,686.32.
    • Salesforce and UnitedHealth were the top performers in the Dow with advances of 7.5% and 2.8% respectively.
    • The core personal consumption expenditures price index increased 0.2% in April and rose 2.8% on an annualized basis.
  • Accuracy
    • The Dow Jones Industrial Average jumped for its best session of the year, adding 574.84 points or 1.51% to close at 38,686.32.
    • The S&P 500 added 0.80%, closing at 5,277.51.
    • Gap soared with a gain of 28.6% after delivering stronger profit and revenue than expected.
    • Dell tumbled more than 17% despite strong earnings due to smaller than anticipated AI server backlog.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock Market Today: Dow, S&P 500 Finish Higher After PCE Inflation Report; Dell, DJT, MongoDB, Gap, and More Movers

Barron's Financial Group Saturday, 01 June 2024 00:32
  • Unique Points
    • Dell reports better-than-expected first-quarter revenue but the stock falls amid emerging margin pressures.
    • Shares of Trump Media & Technology Group fall after the former president is found guilty in a hush-money trial.
  • Accuracy
    • The Dow is crushing the Nasdaq Composite on the final day of May with a largest outperformance since April 19.
    • Trump Media & Technology Group slumps 5.3% in its first trading following Donald Trump’s conviction on felony charges.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication