📢 The return of capital is back in focus
➡️ The Cap return story is more impressive now than ever. Companies managing to invest in growth AND return capital. Some even protecting the margin by lowering OPEX. Best of 2 worlds or even triple positive whammy. 1. Microsoft remained steady at $3.5 billion. 2. Meta ramped up to $13.4 billion (from $0 last quarter). 3. Google executed $15.1 billion in buybacks and raised its program to $70 billion. 4. And the standout: Apple repurchased $25 billion and authorized an additional $100 billion. Source: The Market Ear, Bloomberg
The latest earnings reports offer some reassurance that capital spending (capex) remains strong, says Melius’s Reitzes.
Hyperscalers haven’t cut back on their investments, which is good news for AI-related stocks like Nvidia, Broadcom, and Arista Networks. Source: HolgerZ, Melius Research
Apple has bought back $693 billion in stock over the past 10 years, which is greater than the market cap of 488 companies in the S&P 500
Source: Charlie Bilello
The Warren Buffet Way..
Since 1964, Berkshire Hathaway has delivered a staggering return of over 5,500,000% That’s 5.5 million percent… To put it in perspective: a $10,000 investment back then would be worth $550 million today Source: Stocktwits @Stocktwits
Warren Buffet's portfolio as of 31st of March 2025
Source: Investywise
Microsoft $MSFT CapEx increased with 53% y/y in Q3'25
Source: Quartr
Long term investing
Source: Dividend Growth Investors
Types of competitive advantage.
Nice pic by @Invesquotes thru Brian Feroldi
