During periods of heightened uncertainty on Wall Street, it's not uncommon for investors to seek safety in profitable, time-tested, outperforming businesses. While the "FAANG stocks" have been somewhat of a mainstay for investors over the past decade, it's companies enacting splits that have been garnering plenty of attention over the past two years.

A stock split allows a publicly traded company to alter both its share price and outstanding share count without affecting its market cap or operating performance. Think of it as a purely cosmetic change that can either make a company's shares more nominally affordable for retail investors, or increase a company's share price to ensure it meets the minimum listing standards of a major stock exchange.

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Source Fool.com