Buybacks in 2020 – Announced Share Repurchases for S&P 500 Companies S&P 500 buybacks fell to $88.7 billion in the second quarter. The trend is expected to continue in the third quarter. Image: J.P. Morgan
Stock Buybacks by Companies in the S&P 500 Index Bye-bye buybacks! S&P 500 buybacks fell to $88.7 billion in the second quarter, the lowest level since 2012. Image: CNBC
% of Zombie Companies in Russell 3000 Equivalent The number of zombie companies in the United States is growing, due to the government’s response to the coronavirus crisis. Image: Financial Times
Market Capitalization – Five Largest Companies as Share of S&P 500 Total This chart highlights the record concentration of market cap in the five largest stocks. Image: Goldman Sachs Global Investment Research
Insiders Sales in U.S. Listed Companies Last month, U.S. executives sold stocks in their own companies as the S&P 500 rallies on. This is the biggest burst of selling since 2015. Image: Financial Times
Market Capitalization of Largest Companies as Share of S&P 500 Total Chart showing the record level of concentration in the U.S. equity market. Image: Goldman Sachs Global Investment Research
% of S&P 500 Companies Beating Quarterly EPS Estimates vs. U.S. Manufacturing ISM So far, 84% of S&P 500 companies have exceeded estimates, thanks to coronavirus cuts to forecasts. Image: J.P. Morgan
S&P 500 – Market Capitalization of Five Largest Companies The market capitalization of the five largest companies now accounts for 22% of S&P 500 total, while the average is 14%. Image: Goldman Sachs Global Investment Research
% of Market Capitalization – Top 5 vs. Top 25 Companies This charts highlights the high concentration of market capitalization in the 5 and 25 largest S&P 500 companies over time. Image: Credit Suisse Research
S&P 500 vs. S&P 500 Companies Withdrawing Guidance The coronavirus pandemic is affecting earnings guidance. The 170 companies in the S&P500 that have withdrawn forward earnings guidance are underperforming the S&P500 by 10.7% YTD. Image: Morgan Stanley Wealth Management