There's little argument that 2022 was among the most challenging in recent history for investors, but this year has been a different story entirely. After tumbling roughly 35% in 2022 -- its worst performance since 2008 -- the Nasdaq Composite has sprinted ahead, gaining 44% so far in 2023 (as of market close on Wednesday).

Yet there's precedent that the good times will continue. Since 1972 -- the first full year of activity for the Nasdaq -- in each year following a recovery, the tech-focused index has climbed 19% on average, which suggests the market will continue to gain ground in 2024.

Furthermore, the renewed interest in stock splits has investors taking a fresh look at companies that have split their shares in recent years, as this is historically preceded by years of robust growth. Let's look at two companies that meet this criterion and should be on investors' short lists.

Continue reading

Source Fool.com