Directional moves in the stock market have been no more predictable than a coin flip since this decade began. The COVID-19 pandemic and 2022 bear market sent investor sentiment into the doldrums, while historically low interest rates and a capital-injecting Fed fueled stock-buying in 2021.

When Wall Street vacillates, smart investors typically turn to outperforming stocks. Over the past two years, companies enacting stock splits certainly fit the bill.

A stock split is an event that allows a publicly traded company to alter both its share price and outstanding share count without having any impact on its market cap or operating performance. This purely cosmetic change can make shares more nominally affordable for everyday investors (via a forward-stock split) or increase a company's share price to avoid delisting from a major stock exchange (via a reverse-stock split).

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Source Fool.com