These 10 Club holdings have been the biggest buyers of their own stocks

Jim Cramer says companies with big buybacks may fuel the next market rally. These 10 Club stocks spend a lot on share repurchases.

Companies that robustly buy back stock may fuel Wall Street's next move higher. That was the message Jim Cramer drove home in his Sunday night column for Investing Club members, which prompted us to examine our holdings' share repurchasing activity. Most companies in Jim's Charitable Trust, the portfolio we use for the Club, buy back stock in some capacity.

76% Starbucks is fourth on this list despite only buying back stock during the first half of its fiscal year 2022 which ended Oct. 2. Howard Schultz paused the repurchase program in April when he came back as interim CEO, saying he wanted to invest more of the coffee chain's profits "into our people and our stores." However, buybacks resumed in the first quarter of fiscal 2023, according to a regulatory filing. Starbucks had a market value of $117.2 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer goes over the energy stock winners of 2022Cramer went over the top-performing energy stocks this year.
Read more »

Jim Cramer says Constellation Energy and Sempra Energy are dependable utility stocksJim Cramer advised investors to consider adding shares of “steady-eddy” utility companies to their portfolios for their dependability.
Read more »

Charts suggest it’s time to buy the dips in oil, Jim Cramer says'The charts, as interpreted by Carley Garner, suggest that the oil speculators have been mostly wiped out, so it's time to buy the dips,' he said.
Read more »

The Jim Warren Scholarship: A perfect way to honor this guyThe scholarship will honor Jim Warren, former president of USTA-Mississippi. It is difficult to imagine a more appropriate way to honor Warren, who dedicated much of his adult life to tennis and higher education.
Read more »

Watch Jim Cramer's full interview with Constellation Energy CEO Joe DominguezCramer interviewed Constellation Energy CEO Joe Dominguez on Monday.
Read more »