<p>让位于股息吧——美国企业再次爱上自己。根据摩根大通策略师尼古拉斯·帕尼吉尔佐格的说法，美国企业的股票回购在四月份激增，标志着多年来最强劲的月度增速，并强化了它们在动荡市场中的稳定作用。</p>
<p>五月以一波新的股票回购公告拉开帷幕，这可不是小打小闹——而是一场全面的现金狂欢。自四月一日以来宣布的回购计划总额已达到 2620 亿美元，这表明公司更倾向于将额外现金投入回购，而不是支付股息。</p>
<p>帕尼吉尔佐格指出，这种反向模式——在股市调整后回购增加——在两年前的硅谷银行危机期间同样明显（SVB 于 2023 年 3 月倒闭）以及乌克兰战争初期也有所体现。</p>
<p>他指出，企业回购与股权导向对冲基金的仓位反弹相辅相成，后者在二月和三月曾降低风险，进一步放大了四月份的 V 型股市反弹。</p>
<p><strong>另请阅读：COIN 与 MARA：在第一季度财报发布前，哪个加密股票图表更具看涨优势？</strong></p>
<h2>苹果、谷歌、富国银行引领企业回购</h2>
<p>领头的是 <strong>苹果公司</strong> AAPL，以惊人的 1000 亿美元回购展现其财力——因为显然，拥有 2.7 万亿美元的市值还不足以让它自信。这并不是偶然；这是一次 “额外” 的回购，意味着苹果只是继续其长期以来囤积自家股票的习惯。</p>
<p>紧随其后的是 <strong>谷歌母公司</strong> GOOGLGOOG，宣布进行 700 亿美元的股票回购。谷歌可能已经取消了 cookies，但仍在为股东提供丰厚的回报。</p>
<p><strong>富国银行</strong> WFC 也不甘示弱，投入 400 亿美元回购自家股票。在经历了多年的声誉修复后，这家银行似乎准备以非常大的方式押注于自己。</p>
<p>而不仅仅是大型企业在自我投资。<strong>KLA 公司</strong> KLAC 抛出了 50 亿美元的回购计划，<strong>迪克体育用品公司</strong> DKS 也以 30 亿美元加入战局，<strong>壳牌公司</strong> SHEL 则回购了 35 亿美元的股票——证明石油利润不仅仅是加油站和高管奖金的专属。</p>
<h2>科技公司的回购狂潮</h2>
<p>科技行业显然正在进行回购狂潮：<strong>博通公司</strong> AVGO 在四月初宣布了 100 亿美元的回购计划，<strong>应用材料公司</strong> AMAT 也紧随其后，推出了同样的 100 亿美元计划。</p>
<p>与此同时，<strong>Align Technology 公司</strong> ALGN 以新授权的 10 亿美元回购展现其微笑，或许是为了抵消 Invisalign 市场的波动。</p>
<h2>消费品股票——紧随其后</h2>
<p>消费品和工业领域也有动作。<strong>图形包装控股公司</strong> GPK、<strong>英格索尔兰德公司</strong> IR 和 <strong>西尔斯逻辑公司</strong> CRUS 均做出了 5 亿至 15 亿美元的承诺。</p>
<p>甚至 <strong>米高梅国际酒店</strong> MGM 也参与其中，推出了 20 亿美元的回购计划——或许是在押注自己，而其访客则在押注老虎机。</p>
<p>模式显而易见：回购卷土重来。无论是为了提升每股收益、传达信心，还是抵御激进投资者，公司们都在以让投资者警觉的速度回购股票，而空头则开始紧张。</p>
<p>底线是？当商业界最大的名字都在回购自家股票时，投资者可能该注意了——在回购潮推动价格进一步上涨之前。</p>
<ul>
<li><strong>比尔·盖茨称史蒂夫·乔布斯是 ‘一种无法解释的天才’，并表示 ‘我不知道还有谁像他一样’——回顾他们数十年的合作与竞争</strong></li>
</ul>
<p><em>照片来源：Shutterstock</em></p>

苹果

富国银行

谷歌-A

谷歌-C

<p>美国企业自 4 月 1 日以来的股票回购激增至 2620 亿美元，苹果（1000 亿美元）、谷歌（700 亿美元）和富国银行（400 亿美元）等主要参与者引领了这一趋势。这标志着公司在优先考虑回购而非分红方面的显著转变，反映出对其股票的信心。该趋势遵循了市场修正期间的历史模式，表明在波动市场中存在稳定力量。其他公司，包括博通和米高梅度假村，也在参与其中，这表明回购策略作为提升股东价值的手段正在广泛回归</p>

<p>Move over, dividends – corporate America is in love with itself again. According to JPMorgan strategist Nikolaos Panigirtzoglou, U.S. corporate share buybacks surged in April, marking the strongest monthly pace in years and reinforcing their role as a stabilizing force in volatile markets.</p>
<div class="lb-trans"><p>让位于股息吧——美国企业再次爱上自己。根据摩根大通策略师尼古拉斯·帕尼吉尔佐格的说法，美国企业的股票回购在四月份激增，标志着多年来最强劲的月度增速，并强化了它们在动荡市场中的稳定作用。</p>
</div><p>May has kicked off with a fresh surge of stock buyback announcements, and it's not just a sprinkle – it's a full-blown cash confetti storm. Repurchase plans announced since April 1 now add up to $262 billion, suggesting companies are favoring ploughing extra cash into buybacks over, say, dividend payments.</p>
<div class="lb-trans"><p>五月以一波新的股票回购公告拉开帷幕，这可不是小打小闹——而是一场全面的现金狂欢。自四月一日以来宣布的回购计划总额已达到 2620 亿美元，这表明公司更倾向于将额外现金投入回购，而不是支付股息。</p>
</div><p>Panigirtzoglou notes that this contrarian pattern – where buybacks ramp up following equity market corrections – was similarly evident during the Silicon Valley Bank crisis two years ago (the SVB collapsed in March 2023) and the early stages of the Ukraine war.</p>
<div class="lb-trans"><p>帕尼吉尔佐格指出，这种反向模式——在股市调整后回购增加——在两年前的硅谷银行危机期间同样明显（SVB 于 2023 年 3 月倒闭）以及乌克兰战争初期也有所体现。</p>
</div><p>He notes that corporate repurchases complemented a rebound in equity-focused hedge fund positioning, which had previously de-risked in February and March, further amplifying April’s V-shaped equity recovery.</p>
<div class="lb-trans"><p>他指出，企业回购与股权导向对冲基金的仓位反弹相辅相成，后者在二月和三月曾降低风险，进一步放大了四月份的 V 型股市反弹。</p>
</div><p><strong>Read Also: COIN Vs. MARA: Which Crypto Stock Chart Has The Bullish Edge Before Q1 Earnings Drop?</strong></p>
<div class="lb-trans"><p><strong>另请阅读：COIN 与 MARA：在第一季度财报发布前，哪个加密股票图表更具看涨优势？</strong></p>
</div><h2>Apple, Alphabet, Wells Fargo Leading Corporate Buybacks</h2>
<div class="lb-trans"><h2>苹果、谷歌、富国银行引领企业回购</h2>
</div><p>Leading the parade is <strong>Apple Inc</strong> AAPL, flexing its financial muscles with a jaw-dropping $100 billion buyback—because, apparently, having a $2.7 trillion market cap wasn't enough self-confidence. This is no fluke; it's an &#34;additional&#34; buyback, which means Apple's just topping off a long-standing habit of hoarding its own stock like it’s going out of style.</p>
<div class="lb-trans"><p>领头的是 <strong>苹果公司</strong> AAPL，以惊人的 1000 亿美元回购展现其财力——因为显然，拥有 2.7 万亿美元的市值还不足以让它自信。这并不是偶然；这是一次 “额外” 的回购，意味着苹果只是继续其长期以来囤积自家股票的习惯。</p>
</div><p>Hot on its heels is <strong>Alphabet Inc</strong> GOOGLGOOG with a $70 billion share repurchase. Google may have axed cookies, but it's still baking up returns for shareholders in bulk.</p>
<div class="lb-trans"><p>紧随其后的是 <strong>谷歌母公司</strong> GOOGLGOOG，宣布进行 700 亿美元的股票回购。谷歌可能已经取消了 cookies，但仍在为股东提供丰厚的回报。</p>
</div><p>Not to be outdone, <strong>Wells Fargo &amp; Co</strong> WFC is pouring $40 billion into its own stock. After years of reputational rehab, the bank seems ready to bet on itself – in a very big way.</p>
<div class="lb-trans"><p><strong>富国银行</strong> WFC 也不甘示弱，投入 400 亿美元回购自家股票。在经历了多年的声誉修复后，这家银行似乎准备以非常大的方式押注于自己。</p>
</div><p>And it’s not just the mega-caps feeling themselves. <strong>KLA Corp</strong> KLAC dropped a $5 billion mic, <strong>Dick's Sporting Goods Inc</strong> DKS entered the game with $3 billion, and <strong>Shell PLC</strong> SHEL is scooping up $3.5 billion of its shares – proving oil profits aren't just for gas stations and exec bonuses.</p>
<div class="lb-trans"><p>而不仅仅是大型企业在自我投资。<strong>KLA 公司</strong> KLAC 抛出了 50 亿美元的回购计划，<strong>迪克体育用品公司</strong> DKS 也以 30 亿美元加入战局，<strong>壳牌公司</strong> SHEL 则回购了 35 亿美元的股票——证明石油利润不仅仅是加油站和高管奖金的专属。</p>
</div><h2>Tech’s Buyback Binge</h2>
<div class="lb-trans"><h2>科技公司的回购狂潮</h2>
</div><p>Tech is clearly in a buyback binge: <strong>Broadcom Inc</strong> AVGO announced $10 billion in early April, and <strong>Applied Materials Inc</strong> AMAT followed suit with its own $10 billion plan.</p>
<div class="lb-trans"><p>科技行业显然正在进行回购狂潮：<strong>博通公司</strong> AVGO 在四月初宣布了 100 亿美元的回购计划，<strong>应用材料公司</strong> AMAT 也紧随其后，推出了同样的 100 亿美元计划。</p>
</div><p>Meanwhile, <strong>Align Technology Inc</strong> ALGN flashed its smile with a fresh $1 billion authorization, maybe to offset Invisalign's market volatility.</p>
<div class="lb-trans"><p>与此同时，<strong>Align Technology 公司</strong> ALGN 以新授权的 10 亿美元回购展现其微笑，或许是为了抵消 Invisalign 市场的波动。</p>
</div><h2>Consumer Stocks – Not Far Behind</h2>
<div class="lb-trans"><h2>消费品股票——紧随其后</h2>
</div><p>There's also action in the consumer and industrial space. <strong>Graphic Packaging Holding Co</strong> GPK, <strong>Ingersoll Rand Inc</strong> IR, and <strong>Cirrus Logic Inc</strong> CRUS all made $500 million–$1.5 billion commitments.</p>
<div class="lb-trans"><p>消费品和工业领域也有动作。<strong>图形包装控股公司</strong> GPK、<strong>英格索尔兰德公司</strong> IR 和 <strong>西尔斯逻辑公司</strong> CRUS 均做出了 5 亿至 15 亿美元的承诺。</p>
</div><p>Even <strong>MGM Resorts International</strong> MGM got in on the game with a $2 billion plan – perhaps betting on itself while its visitors bet on the slots.</p>
<div class="lb-trans"><p>甚至 <strong>米高梅国际酒店</strong> MGM 也参与其中，推出了 20 亿美元的回购计划——或许是在押注自己，而其访客则在押注老虎机。</p>
</div><p>The pattern is clear: buybacks are back with a vengeance. Whether it’s to boost EPS, signal confidence, or fend off activist investors, companies are scooping up shares at a pace that has investors sitting up – and short sellers sweating.</p>
<div class="lb-trans"><p>模式显而易见：回购卷土重来。无论是为了提升每股收益、传达信心，还是抵御激进投资者，公司们都在以让投资者警觉的速度回购股票，而空头则开始紧张。</p>
</div><p>Bottom line? When the biggest names in business are buying their own stock, it might be time for investors to take notice—before the buyback wave pushes prices even higher.</p>
<div class="lb-trans"><p>底线是？当商业界最大的名字都在回购自家股票时，投资者可能该注意了——在回购潮推动价格进一步上涨之前。</p>
</div><ul>
<li><strong>Bill Gates Called Steve Jobs A ‘Genius In A Way You Can’t Explain,’ Says ‘I Don’t Know Anybody Who’s Just Like Him’ While Reflecting on Their Decades-Long Collaboration and Rivalry</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>比尔·盖茨称史蒂夫·乔布斯是 ‘一种无法解释的天才’，并表示 ‘我不知道还有谁像他一样’——回顾他们数十年的合作与竞争</strong></li>
</ul>
</div><p><em>Photo: Shutterstock</em></p>
<div class="lb-trans"><p><em>照片来源：Shutterstock</em></p>
</div>

Apple, Alphabet Lead $262B Buyback Binge On Wall Street

- 美国企业股票回购在四月激增，达到数十亿美元的规模。  
- 苹果、谷歌和富国银行等公司领衔回购，显示出强烈的市场信心。  
- 回购潮可能推动股价上涨，投资者需保持关注。  

苹果和 Alphabet 在华尔街引领了 2620 亿美元的股票回购狂潮