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This Month's Bonus Content Buyback Watch: KLA, Flutter, and Grab Move Fast as Their Stocks SwingAuthor: Leo Miller. Article Published: 3/31/2026. 
Key Points - KLA has surged due to chip shortages, and the company just increased its buyback capacity in a big way.
- As prediction market fears hit FLUT, analysts are indicating that a huge recovery may be ahead.
- Regulatory issues are rattling GRAB, and the company now clearly sees value in its stock.
- Special Report: Elon Musk: This Could Turn $100 into $100,000
Despite wildly different recent performances, big names across semiconductors, entertainment, and e-commerce are signaling confidence in their outlooks with fresh buyback announcements. That includes two beaten-down stocks planning to spend hundreds of millions on repurchases over relatively short periods — a sign these companies likely see opportunity in their shares at current levels. Semi Equipment Giant KLA Ups Buyback Capacity to $11 Billion KLA (NASDAQ: KLAC) has been one of the market's largest large-cap winners recently, with shares up more than 100% over the past 52 weeks. The firm is one of the world's leading providers of semiconductor-manufacturing equipment. In March 1968, central banks ran out of gold and London markets shut down - miners surged 2,329%. In 1980, a COMEX delivery wall sent silver miners like Silverado up 3,989%. Today, registered gold inventory is down 25% while prices sit at record highs. Dylan Jovine of Behind the Markets says May 29, 2026 is the next inflection point - and he has identified one stock sitting on more gold than France and Italy combined. See the historical pattern and Jovine's top pick before May 29th With supplies of leading-edge wafers and high-bandwidth memory constrained, equipment providers like KLA are expected to see robust demand. After posting 7% year-over-year (YOY) revenue growth last quarter, KLA's guidance implies an acceleration to 9% growth next quarter. Wall Street currently forecasts KLA's revenue growth to accelerate in each of the next five quarters. Supporting the outlook is the company's $7 billion share repurchase plan. The announcement comes as shares sit more than 10% below their 52-week high. It's possible KLA believes the market overreacted to its last earnings release, which triggered a sharp one-day decline, and sees value at current levels. This authorization adds to the company's unused $3.94 billion in buyback capacity, giving KLA a total capacity just under $11 billion. That represents roughly 5.8% of the firm's approximately $190 billion market capitalization, providing substantial scope to repurchase shares. Down +50%, FLUT Announces 10-Week Buyback Plan Shares of Flutter Entertainment (NYSE: FLUT) have tumbled over the past year, down more than 55% over the last 52 weeks. Flutter operates FanDuel, which — depending on the metric used — holds either the first or second-largest share of the U.S. online sports-betting market. DraftKings (NASDAQ: DKNG) is the only competitor that rivals Flutter in market share. Many investors, however, view the rise of prediction markets in 2025 as a potential threat to Flutter's traditional online sports-betting business. In its last earnings report, the company said it did not believe prediction markets were materially affecting its business, but it also noted that handle growth (betting volume) was moderating. That moderation, combined with a miss on sales and adjusted earnings per share, led the stock to fall nearly 14% after the report. Still, Flutter remains confident in its outlook and is expanding its own prediction-markets offering. Demonstrating that confidence, the firm announced a $250 million share repurchase arrangement. That amount equals about 1.4% of the company's roughly $17.5 billion market capitalization, but Flutter plans to execute the program over just 10 weeks. The short timeframe suggests the company wants to repurchase stock quickly to take advantage of current prices. GRAB Sees “Dislocation” in Shares, Announces $400 Buyback Grab (NASDAQ: GRAB) is a dominant ride-hailing and food-delivery platform in Southeast Asia. The firm's share of the region's food-delivery market rose to 55% in 2025, up from 53.8% in 2024. Despite that strength, Grab is down more than 20% over the past year and more than 40% from its 52-week high. Regulatory pressures have recently weighed on Grab. For example, reports indicate Indonesia — one of Grab's largest markets — may adopt rules that significantly impact the business, including cutting the maximum commission Grab can charge on rides from 20% to 10%. Grab warned that such changes "if adopted, would increase our costs, reduce our margins, and diminish our operational flexibility." Despite regulatory headwinds, Grab's guidance points to a strong year ahead: the company projects 20% to 22% revenue growth in 2026, with adjusted EBITDA expected to rise 40% to 44%. Grab also plans to deploy $400 million in share buybacks over the next four months — roughly 2.7% of its approximately $14.6 billion market capitalization. Of that, $250 million will be used in an accelerated repurchase program, signaling management's willingness to repurchase stock at current levels. In its buyback announcement, Grab said, "We view the current share price dislocation as a clear opportunity to enhance shareholder value." Could Regulators Help Turn FLUT’s Fortunes? KLAC, FLUT and GRAB are all attempting to instill investor confidence through these buybacks. For Flutter in particular, regulatory developments could be meaningful: the Senate has introduced a bill to ban sports betting on prediction markets, which would directly affect the competitive landscape. The MarketBeat consensus price target on FLUT sits near $227, implying more than 100% upside. Targets updated after the company's last earnings report are lower — near $183 — but still imply roughly 80% upside from current levels. |
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