By Bernie Becker - 12/16/13 09:14 AM EST
Corporate giants like Cisco are spending billions of dollars on stock buybacks, in a sign that the business community isn't confident about how fast the economy will grow.
Home Depot, Wal-Mart, Pfizer and Goldman Sachs have also authorized buybacks, showing that the interest isn't limited to just one sector.
Stock buybacks increase earnings per share, and increase the value of each share – both important factors to investors. But it's also a sign, analysts say, that the companies aren't feeling too confident about the economy.