History Says the Nasdaq Will Soar in 2024: 1 Stock-Split AI Growth Stock to Buy Now and Hold Forever
Forward stock splits can help investors in two ways. The most obvious benefit is that a stock split lowers the price per share, making the stock more accessible. The less obvious benefit is that a stock split tells investors the underlying company is doing something right.
To elaborate, stock splits follow tremendous share price appreciation, which rarely happens without solid financial results and some competitive advantage. Consider these recent stock splits. All nine companies satisfy those conditions.
These nine companies have something else in common: They are all components of the Nasdaq Composite (NASDAQINDEX: ^IXIC), an index widely seen as a benchmark for growth stocks. That is relevant because history says now is a good time to put money into Nasdaq stocks.
Source Fool.com
