History Says the Nasdaq Will Surge in 2024: 2 Stock-Split Stocks to Buy Before It Does
Investors generally agree that 2022 will go down in history as a challenging one for the markets, but it appears the worst has passed. After falling more than 35% in 2022 -- the worst decline in more than a decade -- the Nasdaq Composite charged off the blocks in 2023, gaining 41% so far this year (as of market close on Wednesday).
Students of investing history will know the market likely has further to run. Going back to 1972 -- the first full year of trading for the Nasdaq -- in each year following a bear market rebound, the tech-centric index has climbed 19% on average, which suggests the current uptrend has room to run.
Furthermore, the recent revival of stock splits has investors poring over companies that have split their shares in recent years, as this is normally preceded by years of robust growth. Let's look at two companies that meet the criteria and should be on investors' short lists.
Source Fool.com
