Excerpt from MarketWatch quoting DataTrek co-founder Nick Colas:
…. “Yet the market expects buybacks next year can rise much higher and “well beyond” the record pace seen during the third quarter, according to a note earlier this week from Nicholas Colas, co-founder of DataTrek Research. “Companies are not buying anywhere near as much stock as they can,” he said, in the emailed note…
….“Keep in mind that the S&P 500 is earning” $205 a share this year, which is 27% more than the $162 per share seen in 2018, Colas wrote. “Profit margins are excellent and expected to remain so, at least at America’s largest companies”….
Read the full article here on MarketWatch!