2 Stock-Split Stocks That Could Skyrocket in a Bull Market
Some of the world's biggest companies saw their shares reach record highs in recent years. The top performance wasn't just a stroke of good luck. Investors piled into these players for their earnings gains, market share, and future prospects. The only problem is, at a certain point, the stock price reaches such a high level -- often into the thousands of dollars -- that it becomes difficult for some investors to buy.
Enter the stock split. By offering additional shares to current holders, a company lowers the price of each individual share. But the overall market value of the company -- and the value of your total holding if you're a current shareholder -- remain the same. Two trillion-dollar technology giants completed these operations last year, and thanks to their solid track record and promising work today, these stocks could continue to gain. In fact, these stock-split players may skyrocket in a bull market. Let's check them out.
Amazon (NASDAQ: AMZN) is a leader in two markets growing in the double digits: e-commerce and cloud computing. And the company is doing what's necessary to stay on top. In e-commerce, Amazon is making delivery speed a priority as rapid delivery is linked to customers ordering more -- and more frequently. In the most recent quarter, Amazon said strength in sales of essentials came thanks to its progress in this area.
Source Fool.com
