1 Stock-Split Stock to Buy Hand Over Fist in August
There's rarely a dull moment in the stock market. Even in the current year, when major indexes like the S&P 500 and the Nasdaq-100 have dipped into bear market territory, some large technology companies were able to generate some investor enthusiasm by conducting stock splits.
The companies include Amazon, Shopify, and most recently, Google parent Alphabet. The next in line is electric-vehicle powerhouse Tesla (NASDAQ: TSLA). Its investors just approved a 3-for-1 stock split, which is set to take effect at the close of trading on Aug. 24.
The split adds no real value to Tesla as a company. It just divides up the shares of the same pie into smaller pieces. Instead, CEO Elon Musk recently unveiled some plans that could actually make its stock worth buying right now.
Source Fool.com
