“Here’s your chance! Investors itching to buy stocks on a dip in the S&P 500 index will likely have a window of opportunity to strike within the next three weeks as corporations enter a blackout period for buybacks,” Wallace Witkowski reports for MarketWatch.
“As earnings season approaches, U.S. companies are required to refrain from discretionary buybacks during a so-called blackout period that lasts from about five weeks before their respective earnings reports to about 48 hours after earnings are reported, notes Amanda Sneider, portfolio strategist at Goldman Sachs,” Witkowski reports. “In a recent client note, Goldman trumpeted this pause on buybacks as a great opportunity for investors.”
Witkowski reports, “Given that a substantial amount of stock demand originates from corporate buybacks programs, Goldman reasons the blackout period will weaken the price of stocks with active buyback programs going into earnings season.”
Read more in the full article here.
MacDailyNews Note: Among Goldman’s recommendations is Apple Inc. (AAPL) Apple Inc., due to report Q215 earnings on April 21st.