Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Substack page.
Thanks for your interest. It’s appreciated.
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Netflix Inc. raised the possibility of share repurchases at a time when companies most actively pursuing them are back in favor. The streaming-video company said in an investor letter Tuesday that it “will explore returning cash to shareholders through ongoing stock buybacks,” as it did between 2007 and 2011. Netflix’s move followed an eight-month rally in the S&P 500 Buyback Index relative to the S&P 500. The ratio between these gauges climbed 15% through Wednesday after reaching its lowest level since January 2010, according to data compiled by Bloomberg.
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Sincerely,
David Wilson
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets
Find me on the Bloomberg terminal, Bloomberg.com,Twitter, Facebook, LinkedIn, Pinterest and Subtstack
