Corporate Financial Matters

(1) One more time: higher S&P 500 earnings and targets. (2) Reviewing corporate sector’s balance sheet and income statement. (3) Nice rebound in profits, but with record corporate debt. (4) Refinancing at record-low interest rates. (5) Revenues rebounding along with GDP. (6) A happy outlook for profit margin. (7) NIPA profits include S&P 500 earnings and more. (8) Undistributed profits boost cash flow to record high. (9) Capital spending rebounds with cash flow. (10) Lots more gross corporate debt issuance, some for refinancing at record-low rates. (11) Big jump in corporate liquid assets. (12) Stock issuance is hot, while buybacks are cold. (13) Popular story about buybacks has it backward.