Hey, I'm Kramer.

Welcome to Med Money. Welcome to Kramer.

I'm going to my friends. I'm just trying to make little money.

My job is not just entertained, but to explain all this stuff to teach it to you.

So call me 100743 CBC.

Tweet me at Jim Kramer.

When you want to buy a stock,

you need an edge.

It's never enough to just say,

you know what?

It's time to buy X, Y, Z.

I just feel it like the darn thing's a racehorse.

And you don't even ought to read the racing for them.

There are all sorts of ways to get an edge. I love an edge. Maybe a quality stock's dip because of an overall market decline. Maybe there's some headlines that were wrong. Maybe there's news that you think will be gigantic, but others don't realize it, and it pans out. Today, if there were the Dow climb 196 points, has to be advanced.

0.37%. That's like a gain 0.37%. I want to talk to you about a new edge. A brief suggested by my friend Dave Kostit. He's the chief U.S. equity strategies at Goldman Sachs, and he's one of the most creative minds on the street. Now, I talk about Wall Street research a lot, and I have a history of carping about it, frankly, And you know what? That's wrong.

Sometimes there's just great stuff out there that can really help you make a lot of money. Like this stuff, Kasten puts out. Costum brainstorms and regularly comes up with some fabulous ideas that I like to incorporate into my thinking. He did at this point in Squawk at the Street. That's what this is from. His stuff is essential reading. Today, he has this terrific piece. It's called the fading tailwind from share buybacks. I know it sounds, look, to me, this is like, yeah, it's prurion. It's whatever. The first paragraph carries the gist, quote, S&P 500 companies repurchase shares at a record pace in the first half of

2025, but buyback growth has recently stalled, end quote, he tells us, quote, S&P 500 buybacks

in the first half of 2025 billion dollars, $490 billion net of equity issuance. However,

buybacks in the second quarter of 2025 were flat

year every year for the SP 500, the Magnificent 7, and the S&P 493, end quote. So buybacks,

while strong in the first half, started to fade. They faded a bit last quarter. Buybacks are integral

to the market because they act as what I call a SOP. If there are lots of new shares added via IPOs, but not a lot of new money coming to the market,

...