Video: Jim Cramer on New Employee Bonuses From American and Southwest Airlines
American Airlines and Southwest Airlines are the latest companies to offer $1,000 bonuses to employees on the heels of the recently passed corporate tax cuts.
American Airlines (AAL) and Southwest Airlines (LUV) are the latest companies to offer $1,000 bonuses to employees on the heels of the recently passed corporate tax cuts.
"There is a sense that the companies recognize that they were going to be on the hot seat if they used this money [from tax cuts] to buyback stock and increase dividends," said TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer noted, adding that he expects dividend increases and buyback announcements when companies report earnings in the coming months.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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