QQQM - Stock Buybacks Increase As Reported Earnings Jump

• S&P Dow Jones Indices' recent report on buyback activity for the third quarter shows buyback activity increasing to $101.79 billion from $88.66 billion in the second quarter.
• With the economy mostly reopening, at least through Q3 2020, companies reported an improvement in 'as reported earnings,' increasing to $273.2 billion versus $98.5 billion for the first quarter.
• This improving buyback environment is one sign of a further improvement in business prospects, especially as the vaccine rollout continues to unfold.

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