Financial stocks overtake tech as the big buyback sector, BofA says: At the Open_老虎社区_美港股上老虎

Financial stocks overtake tech as the big buyback sector, BofA says: At the Open

Seeking Alpha2021-08-25

Financial stocks got an "alpha signal" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey. Financial Select ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

Lim888
·2021-08-29
Like me, thanks
回复
点赞
举报
OO_898
·2021-08-25
Like
回复
2
举报
收起
- Anneater:
  k
  2021-08-25
  回复
  举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1113483554?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-08-25 20:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1113483554","market":"us","top_or_hot":-1,"title":"Financial stocks overtake tech as the big buyback sector, BofA says: At the Open","media":"Seeking Alpha","content":"<div>\n<p>Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey.\nFinancial Select ...</p>\n\n<a href=\"https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Financial stocks overtake tech as the big buyback sector, BofA says: At the Open</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFinancial stocks overtake tech as the big buyback sector, BofA says: At the Open\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-25 20:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey.\nFinancial Select ...</p>\n\n<a href=\"https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector","article_id":"1113483554","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113483554","pubTimestamp":1629895970,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index","XLC":"Communication Services Select Sector SPDR Fund","XLK":"高科技指数ETF-SPDR","XLE":"SPDR能源指数ETF","XLF":"金融ETF","XLV":"健康照护类股ETF-SPDR","XLB":"材料ETF"},"translate_title":"美国银行表示：在开盘时，金融股超过科技股成为最大的回购行业","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".SPX":0.9,"XLB":0.9,"XLC":0.9,"XLE":0.9,"XLF":0.9,"XLK":0.9,"XLV":0.9},"content_text":"Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey.\nFinancial Select Sector SPDR Fund (NYSEARCA:XLF)are up about 0.2% premarket, the leading S&P sector with the 10-year Treasury yield (NYSEARCA:TBT)(NASDAQ:TLT) up another 2 basis points to 1.31%.\nWeekly buybacks in Financials from clients were the highest on record since 2010 and nearly a record as a percent of market cap, BofA says.\n\"Buybacks by corporate clients accelerated from the prior week to the highest level since mid-March, driven by Financials,\" strategists led by Jill Carey Hall write in a note. \"Financials has now overtaken Tech as the sector with the largest dollar amount buybacks so far this year.\"\n\"Based on our flows data from 2010 to today, we have found that the S&P 500 sector buying back the largest dollar amount in a given week have tended to outperform over the next several months with a >50% hit rate,\" Hall says.\n\n\n\n\"YTD, corporate client buybacks across sectors are +49% y/y but still far from pre-COVID levels: -14% vs. 2019 at this time, and one of the weakest years post-crisis so far when normalized by market cap,\" Hall adds.\nOverall, clients broke a two-week selling streak, buying a relatively small net amount of $300M.\nHedge funds drove the buying with the biggest inflow in five months, while institutional and retail investors sold.\nSeven of the 11 S&P sectors saw inflows. Financials were on top with the sixth-largest inflows on record. Technology Select Sector SPDR Fund (NYSEARCA:XLK), Health Care Select Sector SPDR Fund (NYSEARCA:XLV), Consumer Discretionary(NYSEARCA:XLY)and Consumer Staples(NYSEARCA:XLP)had net selling.\nExcluding buybacks, The Communication Services Select Sector SPDR Fund (NYSEARCA:XLC), Materials Select Sector SPDR Fund (NYSEARCA:XLB) and Energy Select Sector SPDR Fund (NYSEARCA:XLE) led inflows.\nThis morning, Dick's Sporting Goods raised its buyback program to $400M, along with issuing a special dividend.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":813569924,"gmtCreate":1630215682268,"gmtModify":1704957151438,"author":{"id":"3584786668414972","authorId":"3584786668414972","name":"Lim888","avatar":"https://static.tigerbbs.com/1e6c0b29781df97f0215fc9daa1e5e31","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584786668414972","authorIdStr":"3584786668414972"},"htmlText":"Like me, thanks","listText":"Like me, thanks","text":"Like me, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813569924","repostId":1113483554,"repostType":2,"repost":{"id":"1113483554","kind":"news","pubTimestamp":1629895970,"share":"https://www.laohu8.com/m/news/1113483554?lang=&edition=full","pubTime":"2021-08-25 20:52","market":"us","language":"en","title":"Financial stocks overtake tech as the big buyback sector, BofA says: At the Open","url":"https://stock-news.laohu8.com/highlight/detail?id=1113483554","media":"Seeking Alpha","summary":"Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in","content":"<ul>\n <li>Financial stocks got an \"alpha signal\" and could be set to outperform the S&amp;P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey.</li>\n <li><a href=\"https://laohu8.com/S/XLF\">Financial Select Sector SPDR Fund</a> (NYSEARCA:XLF)are up about 0.2% premarket, the leading S&amp;P sector with the 10-year Treasury yield&nbsp;(NYSEARCA:TBT)(NASDAQ:TLT)&nbsp;up another 2 basis points to 1.31%.</li>\n <li>Weekly buybacks in Financials from clients were the highest on record since 2010 and nearly a record as a percent of market cap, BofA says.</li>\n <li>\"Buybacks by corporate clients accelerated from the prior week to the highest level since mid-March, driven by Financials,\" strategists led by Jill Carey Hall write in a note. \"Financials has now overtaken Tech as the sector with the largest dollar amount buybacks so far this year.\"</li>\n <li>\"Based on our flows data from 2010 to today, we have found that the S&amp;P 500 sector buying back the largest dollar amount in a given week have tended to outperform over the next several months with a &gt;50% hit rate,\" Hall says.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/21c9d0f2c80c930cb308506423ea3e0c\" tg-width=\"913\" tg-height=\"369\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>\"YTD, corporate client buybacks across sectors are +49% y/y but still far from pre-COVID levels: -14% vs. 2019 at this time, and one of the weakest years post-crisis so far when normalized by market cap,\" Hall adds.</li>\n <li>Overall, clients broke a two-week selling streak, buying a relatively small net amount of $300M.</li>\n <li>Hedge funds drove the buying with the biggest inflow in five months, while institutional and retail investors sold.</li>\n <li>Seven of the 11 S&amp;P sectors saw inflows. Financials were on top with the sixth-largest inflows on record. <a href=\"https://laohu8.com/S/XLK\">Technology Select Sector SPDR Fund</a> (NYSEARCA:XLK), <a href=\"https://laohu8.com/S/XLV\">Health Care Select Sector SPDR Fund</a> (NYSEARCA:XLV), Consumer Discretionary(NYSEARCA:XLY)and Consumer Staples(NYSEARCA:XLP)had net selling.</li>\n <li>Excluding buybacks, <a href=\"https://laohu8.com/S/XLC\">The Communication Services Select Sector SPDR Fund</a> (NYSEARCA:XLC), <a href=\"https://laohu8.com/S/XLB\">Materials Select Sector SPDR Fund</a> (NYSEARCA:XLB)&nbsp;and <a href=\"https://laohu8.com/S/XLE\">Energy Select Sector SPDR Fund</a> (NYSEARCA:XLE)&nbsp;led inflows.</li>\n <li>This morning,&nbsp;Dick's Sporting Goods raised its buyback program to $400M, along with issuing a special dividend.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/495aa835fe40772fc3166c1b29b2e32c\" tg-width=\"684\" tg-height=\"645\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Financial stocks overtake tech as the big buyback sector, BofA says: At the Open</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFinancial stocks overtake tech as the big buyback sector, BofA says: At the Open\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-25 20:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey.\nFinancial Select ...</p>\n\n<a href=\"https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XLC":"Communication Services Select Sector SPDR Fund","XLE":"SPDR能源指数ETF","XLK":"高科技指数ETF-SPDR",".SPX":"S&P 500 Index","XLF":"金融ETF","XLV":"健康照护类股ETF-SPDR","XLB":"材料ETF"},"source_url":"https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113483554","content_text":"Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey.\nFinancial Select Sector SPDR Fund (NYSEARCA:XLF)are up about 0.2% premarket, the leading S&P sector with the 10-year Treasury yield (NYSEARCA:TBT)(NASDAQ:TLT) up another 2 basis points to 1.31%.\nWeekly buybacks in Financials from clients were the highest on record since 2010 and nearly a record as a percent of market cap, BofA says.\n\"Buybacks by corporate clients accelerated from the prior week to the highest level since mid-March, driven by Financials,\" strategists led by Jill Carey Hall write in a note. \"Financials has now overtaken Tech as the sector with the largest dollar amount buybacks so far this year.\"\n\"Based on our flows data from 2010 to today, we have found that the S&P 500 sector buying back the largest dollar amount in a given week have tended to outperform over the next several months with a >50% hit rate,\" Hall says.\n\n\n\n\"YTD, corporate client buybacks across sectors are +49% y/y but still far from pre-COVID levels: -14% vs. 2019 at this time, and one of the weakest years post-crisis so far when normalized by market cap,\" Hall adds.\nOverall, clients broke a two-week selling streak, buying a relatively small net amount of $300M.\nHedge funds drove the buying with the biggest inflow in five months, while institutional and retail investors sold.\nSeven of the 11 S&P sectors saw inflows. Financials were on top with the sixth-largest inflows on record. Technology Select Sector SPDR Fund (NYSEARCA:XLK), Health Care Select Sector SPDR Fund (NYSEARCA:XLV), Consumer Discretionary(NYSEARCA:XLY)and Consumer Staples(NYSEARCA:XLP)had net selling.\nExcluding buybacks, The Communication Services Select Sector SPDR Fund (NYSEARCA:XLC), Materials Select Sector SPDR Fund (NYSEARCA:XLB) and Energy Select Sector SPDR Fund (NYSEARCA:XLE) led inflows.\nThis morning, Dick's Sporting Goods raised its buyback program to $400M, along with issuing a special dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":837241238,"gmtCreate":1629896847024,"gmtModify":1633681658225,"author":{"id":"3582969710070724","authorId":"3582969710070724","name":"OO_898","avatar":"https://static.tigerbbs.com/9fb3c360d5d7711641a868a144192fc7","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582969710070724","authorIdStr":"3582969710070724"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/837241238","repostId":1113483554,"repostType":2,"repost":{"id":"1113483554","kind":"news","pubTimestamp":1629895970,"share":"https://www.laohu8.com/m/news/1113483554?lang=&edition=full","pubTime":"2021-08-25 20:52","market":"us","language":"en","title":"Financial stocks overtake tech as the big buyback sector, BofA says: At the Open","url":"https://stock-news.laohu8.com/highlight/detail?id=1113483554","media":"Seeking Alpha","summary":"Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in","content":"<ul>\n <li>Financial stocks got an \"alpha signal\" and could be set to outperform the S&amp;P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey.</li>\n <li><a href=\"https://laohu8.com/S/XLF\">Financial Select Sector SPDR Fund</a> (NYSEARCA:XLF)are up about 0.2% premarket, the leading S&amp;P sector with the 10-year Treasury yield&nbsp;(NYSEARCA:TBT)(NASDAQ:TLT)&nbsp;up another 2 basis points to 1.31%.</li>\n <li>Weekly buybacks in Financials from clients were the highest on record since 2010 and nearly a record as a percent of market cap, BofA says.</li>\n <li>\"Buybacks by corporate clients accelerated from the prior week to the highest level since mid-March, driven by Financials,\" strategists led by Jill Carey Hall write in a note. \"Financials has now overtaken Tech as the sector with the largest dollar amount buybacks so far this year.\"</li>\n <li>\"Based on our flows data from 2010 to today, we have found that the S&amp;P 500 sector buying back the largest dollar amount in a given week have tended to outperform over the next several months with a &gt;50% hit rate,\" Hall says.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/21c9d0f2c80c930cb308506423ea3e0c\" tg-width=\"913\" tg-height=\"369\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>\"YTD, corporate client buybacks across sectors are +49% y/y but still far from pre-COVID levels: -14% vs. 2019 at this time, and one of the weakest years post-crisis so far when normalized by market cap,\" Hall adds.</li>\n <li>Overall, clients broke a two-week selling streak, buying a relatively small net amount of $300M.</li>\n <li>Hedge funds drove the buying with the biggest inflow in five months, while institutional and retail investors sold.</li>\n <li>Seven of the 11 S&amp;P sectors saw inflows. Financials were on top with the sixth-largest inflows on record. <a href=\"https://laohu8.com/S/XLK\">Technology Select Sector SPDR Fund</a> (NYSEARCA:XLK), <a href=\"https://laohu8.com/S/XLV\">Health Care Select Sector SPDR Fund</a> (NYSEARCA:XLV), Consumer Discretionary(NYSEARCA:XLY)and Consumer Staples(NYSEARCA:XLP)had net selling.</li>\n <li>Excluding buybacks, <a href=\"https://laohu8.com/S/XLC\">The Communication Services Select Sector SPDR Fund</a> (NYSEARCA:XLC), <a href=\"https://laohu8.com/S/XLB\">Materials Select Sector SPDR Fund</a> (NYSEARCA:XLB)&nbsp;and <a href=\"https://laohu8.com/S/XLE\">Energy Select Sector SPDR Fund</a> (NYSEARCA:XLE)&nbsp;led inflows.</li>\n <li>This morning,&nbsp;Dick's Sporting Goods raised its buyback program to $400M, along with issuing a special dividend.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/495aa835fe40772fc3166c1b29b2e32c\" tg-width=\"684\" tg-height=\"645\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Financial stocks overtake tech as the big buyback sector, BofA says: At the Open</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFinancial stocks overtake tech as the big buyback sector, BofA says: At the Open\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-25 20:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey.\nFinancial Select ...</p>\n\n<a href=\"https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XLC":"Communication Services Select Sector SPDR Fund","XLE":"SPDR能源指数ETF","XLK":"高科技指数ETF-SPDR",".SPX":"S&P 500 Index","XLF":"金融ETF","XLV":"健康照护类股ETF-SPDR","XLB":"材料ETF"},"source_url":"https://seekingalpha.com/news/3733876-financial-stocks-overtake-tech-as-the-big-buyback-sector","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113483554","content_text":"Financial stocks got an \"alpha signal\" and could be set to outperform the S&P(SP500)(NYSEARCA:SPY)in the next few months, according to the latest BofA Securities client flow survey.\nFinancial Select Sector SPDR Fund (NYSEARCA:XLF)are up about 0.2% premarket, the leading S&P sector with the 10-year Treasury yield (NYSEARCA:TBT)(NASDAQ:TLT) up another 2 basis points to 1.31%.\nWeekly buybacks in Financials from clients were the highest on record since 2010 and nearly a record as a percent of market cap, BofA says.\n\"Buybacks by corporate clients accelerated from the prior week to the highest level since mid-March, driven by Financials,\" strategists led by Jill Carey Hall write in a note. \"Financials has now overtaken Tech as the sector with the largest dollar amount buybacks so far this year.\"\n\"Based on our flows data from 2010 to today, we have found that the S&P 500 sector buying back the largest dollar amount in a given week have tended to outperform over the next several months with a >50% hit rate,\" Hall says.\n\n\n\n\"YTD, corporate client buybacks across sectors are +49% y/y but still far from pre-COVID levels: -14% vs. 2019 at this time, and one of the weakest years post-crisis so far when normalized by market cap,\" Hall adds.\nOverall, clients broke a two-week selling streak, buying a relatively small net amount of $300M.\nHedge funds drove the buying with the biggest inflow in five months, while institutional and retail investors sold.\nSeven of the 11 S&P sectors saw inflows. Financials were on top with the sixth-largest inflows on record. Technology Select Sector SPDR Fund (NYSEARCA:XLK), Health Care Select Sector SPDR Fund (NYSEARCA:XLV), Consumer Discretionary(NYSEARCA:XLY)and Consumer Staples(NYSEARCA:XLP)had net selling.\nExcluding buybacks, The Communication Services Select Sector SPDR Fund (NYSEARCA:XLC), Materials Select Sector SPDR Fund (NYSEARCA:XLB) and Energy Select Sector SPDR Fund (NYSEARCA:XLE) led inflows.\nThis morning, Dick's Sporting Goods raised its buyback program to $400M, along with issuing a special dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5646111,"gmtCreate":1629899468767,"gmtModify":1635142753627,"authorId":3581571807225162,"author":{"id":3581571807225162,"idStr":"3581571807225162","authorId":3581571807225162,"name":"Anneater","avatar":"https://static.tigerbbs.com/dd99ef969b35027be1194d21c5482e54","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":837241238,"type":1,"supId":0,"prevId":0,"content":"k","text":"k","html":"k"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":29,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}