Stock splits tend to happen after substantial and sustained share price appreciation, which rarely happens by accident. Indeed, when shares appreciate to the point where a Stock split is necessary, it usually hints at some desirable quality in the underlying business, and that quality does not disappear after the split takes place.

In other words, winners tend to keep on winning. The companies listed below provide proof. All of them split their stocks in the last three years, and all of them outperformed the S 500 (SNPINDEX: ^GSPC) over the last five years.

There are compelling reasons to own any of the stocks listed above, but Alphabet looks particularly attractive right now. The stock trades at less than $150 per share, making it widely affordable, and its valuation fails to fully account for growth prospects in digital advertising, cloud computing, and artificial intelligence (AI).

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Source Fool.com