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Senior Partner, Stansberry Research
CEO, MarketWise P.S. Over 500,000 people pay for my firm's research because we uncover opportunities and the biggest market events before they go mainstream. In 2016, one of our analysts recommended Nvidia – long before AI was on anyone’s radar. And I called the 2022 crash, warning my readers to raise cash months in advance. Now, I'm warning of another huge event this year... and urging you to take advantage of the "Mar-a-Lago Trade." Bloomberg has said this may cause "a dire shift of fortunes for America." And the Financial Times says, "the unimaginable is becoming imaginable"... But if you want to stay up to speed with how this developing situation could affect you, it's critical you pay attention now. In fact, this plan which was laid out point-by-point by a senior advisor in Washington and who had a seat at the Federal Reserve, is already underway. If you stay on the sidelines, your chance to prepare could slip away. So click here now to learn more. It's completely free.
Special Report
Buyback Boom: These 3 Companies Are Betting Billions on Their Own StocksWritten by Jessica Mitacek. Article Posted: 7/20/2026. 
Key Points
- Dollar Tree, Morgan Stanley, and Accenture recently announced a combined $24.5 billion in new, replenished, or increased share buyback programs.
- S&P 500 companies announced a record $665 billion in buybacks during early 2026, with full-year authorizations forecast to reach $1.55 trillion.
- Each company's buyback timing suggests management views shares as undervalued, with Dollar Tree and Morgan Stanley rallying while Accenture remains well off its highs.
- Special Report: This tiny launch company operates next to SpaceX and Blue Origin
In 1982, the U.S. Securities and Exchange Commission (SEC) adopted Rule 10b-18, providing companies with a safe harbor for qualifying share repurchases. Since then, publicly traded companies have repurchased their own shares to consolidate ownership and boost earnings per share (EPS). For some firms, however, the timing of their stock buybacks indicates that management views the current share price as undervalued. This year, companies are on a record-setting pace.
According to Bloomberg, during the first four months of 2026, S&P 500 companies announced plans to repurchase $665 billion worth of shares, the highest total ever recorded for that same timeframe. Based on historical rates, analysts now forecast authorized repurchases to reach $1.55 trillion for the full year. Participating in that shopping spree are three companies that have recently announced a collective $24.5 billion in new, replenished or increased share repurchase plans. Dollar Tree: $2.5 Billion Buyback Adds Fuel to TurnaroundOn July 2, the board of directors for Dollar Tree (NASDAQ: DLTR) replenished its share repurchase authorization by $2.5 billion. The board approved the authorization the previous day, and the amount represented approximately 10.7% of the company’s more than 192 million shares outstanding at the time. Although Dollar Tree’s current authorization does not have an expiration date, the company had already been active in the market, repurchasing $500 million of stock in June under its previous authorization. When the calendar turned to July, shares were down 5.13% year to date (YTD), presenting an opportunity as the stock’s momentum had recently shifted. Since its YTD low of $86.80 on May 13, DLTR has gained nearly 48% and now trades around 10% below its 52-week high of $142.40. The current rally can be partly attributed to July 8 upgrades from Raymond James, which assigned an Outperform rating, and Goldman Sachs, which upgraded the stock from Sell to Neutral. The rally also followed upwardly revised full-year guidance, with forecasted EPS increasing to a range of $6.70 to $7.10. With a low-volatility beta of 0.65, a TradeSmith financial health indicator that has remained green for about a month and more than 97% institutional ownership, the discount retailer’s buyback aligns with Wall Street’s improving sentiment. After posting EPS beats for five consecutive quarters and six of the last seven, Dollar Tree is expected to report Q2 earnings on Sept. 2. Morgan Stanley: $20 Billion Buyback Reinforces Earnings MomentumAhead of its record-breaking Q2 earnings report on July 15, Morgan Stanley (NYSE: MS) reauthorized a massive $20 billion buyback on June 24, representing 5.6% of its shares outstanding. The company’s current multiyear repurchase authorization does not have an expiration date, and shares have ticked up slightly since the latest authorization. Q2 marked the second consecutive quarter in which the investment bank reported all-time-high EPS and revenue. The firm attributed its recent success to a 69% year-over-year jump in equity trading, an increase in investment banking deals and its achievement of a $10 trillion milestone in total client assets under management, including a record $148 billion in net new assets. In Q2, the company spent $1.5 billion on its own shares. Since its YTD low on March 12, shares are up nearly 48%. The stock carries a consensus Moderate Buy rating, while current short interest is just 1.12% of the float. Accenture: $2 Billion Bet That Its Stock Is UndervaluedOn June 23, global professional services and consulting firm Accenture (NYSE: ACN) announced a $2 billion increase to its fiscal 2026 share repurchase program, representing 2.4% of its shares outstanding. From management’s perspective, the authorization comes at an opportune time: Shares of ACN are down around 46% YTD and nearly 53% below their 52-week high. The $2 billion increase brought Accenture’s total 2026 authorization to $7.5 billion. The company has until Aug. 31 to exhaust those funds, with CEO Julie Sweet saying that “Accenture is at the center of AI-driven reinvention, and we do not believe our current share price reflects that position or the strength of our business fundamentals.” Still, the firm faces an uphill battle in getting its stock near its 52-week high. In Accenture’s Q3, revenue growth slowed to 5.59%, while operating cash flow declined 0.82% quarter over quarter. Meanwhile, the company’s financial health, according to TradeSmith, has been in the red for more than five months. However, the stock’s consensus price target suggests around 33% potential upside from current prices. Over the past year, institutional inflows of more than $25 billion, compared with $13.25 billion in outflows, demonstrate that the smart money also sees a buy-low opportunity.
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