2 of the Best Stock-Split Stocks to Buy Ahead of 2023
Inflation in the U.S. climbed to concerning levels in 2022. The August estimate came in at 8.3%, which was down only marginally from the 40-year high of 9.1% set in June. As a result, the Federal Reserve is aggressively increasing interest rates to slow the economy down and hopefully cool prices.
These circumstances force consumers to tighten their belts, and that's hurting industries like retail and e-commerce. Plus, technology companies that rely on advertising revenue struggle as businesses curb marketing spend to compensate for the weaker economy.
But what if those factors resolve in the new year? Inflation expectations for 2023 continue to fall, giving investors a chance to position themselves right now for better times in the new year. Two stocks that could benefit the most are Amazon (NASDAQ: AMZN) and Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG). And thanks to recent stock splits, it's now more affordable to buy shares in both companies.
Source Fool.com