This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AFP Releases Corporate Cash Indicators™ For 2Q13

WASHINGTON, July 29, 2013 /PRNewswire/ -- Business confidence appears to have softened as the pace of corporate cash accumulation inched up during the second quarter of 2013 and companies are indicating a greater likelihood to build cash during the third quarter, according to the July 2013 AFP Corporate Cash Indicators (AFP CCI).

The AFP CCI™ are calculated each quarter by the Association for Financial Professionals (AFP) and underwritten by State Street Global Advisors.

AFP Corporate Cash Indicators™ for 2Q2013------------------------------------------

+12   Change in cash holdings: 2Q13 v. 1Q13

+11   Change in cash holdings:  2Q13 v. 2Q12

+14   Expected change in cash holdings during 3Q13  

Each of these indicators measure recent and anticipated changes in corporate cash balances by calculating increase percentage minus decrease percentage. Each quarter, AFP asks select members representing a broad cross section of U.S. businesses the same questions: whether their company's short-term holdings increased or decreased in the past year and past quarter; whether investment selections for those holdings changed; and whether they expect cash holdings to increase or decrease in the coming quarter. AFP member companies have agreed to participate in this ongoing study on a long-term basis.

Participants manage their companies' cash and short-term investment portfolios and are fully aware of their companies' liquidity needs and business strategies. Since corporate decisions to grow/shrink the size of cash and short-term investment portfolios reflect their business outlook and direction, changes reported by this broad group of companies are indicators of economic activity.

Second quarter 2013 indicators show that 38 percent of organizations held larger cash and short-term investment balances at the end of the June quarter than they did at the end of March, while 26 percent had shed cash in the second quarter.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,031.96 -48.18 -0.27%
S&P 500 2,108.83 -8.86 -0.42%
NASDAQ 5,054.2710 -37.8140 -0.74%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs