Canada Markets close in 1 hr 8 mins
Explore/

Buyback Leaders

Buyback Leaders

4.06k followers17 symbols Watchlist by Motif Investing

Companies returning cash to shareholders can win the favor of current and potential investors.

Curated by Motif Investing

Background

Amidst an uncertain economic environment over the last few years, US companies accumulated high levels of cash as they cut R&D, capital expenditures, and hiring. With an improved economic outlook there has been increased pressure on firms from shareholders to return that cash to shareholders – either directly through dividends or nominally via stock repurchases.

Buybacks offer companies and shareholders many potential benefits: They provide a flexible approach for management to return surplus funds during times of market weakness, they have instilled a vote of confidence in a company's performance, and they can boost earnings per share by reducing the total number of shares outstanding. Some investors also believe management is also signaling that a company's stock is cheap at current valuations. And buybacks are clearly on the upswing: S&P 500 companies have purchased more than $415 billion of their own stock in the 12 months prior September 2013.

How did we choose these stocks?

We identified US-listed stocks and American Depository Receipts of companies that are engaged in activities relevant to this watchlist's theme. We then filtered out companies that have a share price of less than $1.00 or a market capitalization less than $100 million, and excluded illiquid stocks by screening companies for liquidity i.e. average bid-ask spreads, dollar volume traded etc. Finally the proprietary Motif Optimization Engine determined the constituent stocks. Learn more about how we select our watchlists.

Who made these selections?

Motif is an online brokerage built on thematic portfolios of up to 30 stocks and ETFs. Founded in 2010 by Hardeep Walia, Motif combines complex proprietary algorithms with skilled advisers to develop these thematic portfolios. Learn more about our team.

How are these weighted?

First, we determined each company's percentage of total revenue derived from this watchlist's theme. Second, we applied a pure-play factor to give greater relative weight to companies that derive a higher percentage of their revenue from this theme. Finally, we weighted each company by its market capitalization adjusted for revenue exposure to the theme.

More details on how we build and weight watchlists are available here.

Performance

WatchlistChange Today1 Month Return1 Year ReturnTotal Return
Buyback Leaders-0.55%+15.02%-19.07%+10.49%
^GSPC----

17 Symbols

SymbolCompany NameLast PriceChange% ChangeMarket TimeVolumeAvg Vol (3 month)Market Cap
TXNTexas Instruments Incorporated137.85+0.87+0.64%2:52 p.m. EDT1.75M4.42M126.26B
MSMorgan Stanley47.54-0.82-1.70%2:52 p.m. EDT7.27M9.94M74.96B
USBU.S. Bancorp35.4-0.76-2.10%2:52 p.m. EDT4.21M6.58M53.33B
ETNEaton Corporation plc99.1348+1.75+1.80%2:52 p.m. EDT1.02M1.65M39.66B
GISGeneral Mills, Inc.58.1675+0.30+0.51%2:52 p.m. EDT2.28M3.31M35.54B
DALDelta Air Lines, Inc.30.09+0.27+0.91%2:52 p.m. EDT12.86M25.60M19.19B
CHRWC.H. Robinson Worldwide, Inc.102.74+0.79+0.77%2:51 p.m. EDT517.40k1.54M13.85B
PKIPerkinElmer, Inc.119.69+1.44+1.22%2:51 p.m. EDT348.27k909.68k13.38B
HIGThe Hartford Financial Services Group, Inc.35.68-0.56-1.55%2:52 p.m. EDT1.52M2.18M12.78B
BROBrown & Brown, Inc.44.34+0.32+0.73%2:52 p.m. EDT322.81k1.03M12.54B
BENFranklin Resources, Inc.19.815-0.28-1.42%2:52 p.m. EDT1.61M3.18M9.82B
RSReliance Steel & Aluminum Co.100.67-0.58-0.57%2:51 p.m. EDT120.23k363.00k6.42B
ABMABM Industries Incorporated37.65+0.56+1.51%2:51 p.m. EDT150.44k410.63k2.51B
SPRSpirit AeroSystems Holdings, Inc.19.12-0.45-2.30%2:52 p.m. EDT5.44M5.03M2.02B
BBarnes Group Inc.36.23+0.48+1.34%2:50 p.m. EDT105.76k238.57k1.83B
CATYCathay General Bancorp21.08-0.41-1.91%2:52 p.m. EDT162.65k337.37k1.66B
NAVINavient Corporation7.86-0.08-1.01%2:51 p.m. EDT2.16M3.21M1.52B
  • Americans are hoarding trillions of dollars in cash before the presidential election: Morgan Stanley
    Editor's Pick
    Yahoo Finance

    Americans are hoarding trillions of dollars in cash before the presidential election: Morgan Stanley

    Cash is king ahead of a highly uncertain presidential election in November, new findings out of Morgan Stanley suggest.

  • Reuters

    U.S. airlines to make urgent call for new bailout ahead of Oct. 1 job cuts

    Major U.S. airlines plan to make a last-ditch bid to persuade Congress to grant them a new $25 billion bailout to help avert thousands of employee furloughs set to begin Oct. 1, even as a separate $25 billion in government loans for the sector sits untapped. The chief executives of American Airlines, United Airlines and JetBlue Airways and major aviation unions were scheduled to hold a news conference on Capitol Hill on Tuesday afternoon calling for a six-month extension of a payroll support program that consisted primarily of grants in exchange for keeping workers on the payroll. On Monday, two key Republican senators introduced legislation that would authorize another $25.5 billion in payroll assistance for passenger airlines, but congressional aides said it was unlikely to win passage given aid requests from many other struggling industries.

  • Reuters

    RPT-BlackRock, JPMorgan climate votes at odds as new rules loom

    Top U.S. asset managers BlackRock Inc and JPMorgan Chase & Co were divided in their support of climate-related proxy resolutions at corporate meetings this year, two analyses showed on Tuesday, underscoring the industry's mixed appetite for the vehicles ahead of a key rulemaking. Both studies - done by climate-focused shareholder organizations - found BlackRock continued to offer little backing to resolutions asking companies for steps like setting emissions targets or lobbying reports. The studies found BlackRock supported such resolutions around 10% of the time this year, about the same as in 2019.