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Where Could We See Big Buybacks?

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We have seen estimates that 2018 share buybacks could be 50% to 90% higher than 2017, fueled by repatriated dollars and tax savings. While we think the higher estimates are possible, we will watch our Shareholder Payment reports to determine actual spending on buybacks. We think Energy and Consumer Staples have the greatest chance to surprise to the upside on share repurchases.

Ned Davis Research | Equities | U.S. Sector & Industry Comment | Weekly

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