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Podcast: Let It Grow Investing
Episode: Cashing in on buybacks? UNH FDX CVX NKE ADBE
Description: We were waiting to hear from the Fed and Powell this week about the plans for the economy. While we expected 6 rate cuts this year, we are down to 3. Powell announced that rates are unchanged for now and the market rallied. The idea of "stronger for longer" was being thrown around which is a change from "higher for longer". The economy is showing stronger than anticipated; stocks, real estate, GDP continue to grow, while unemployment remains below 4%.
Stock buybacks are a strong indicator that the company is in a position of strength. With enough free cash flow to cover cap...