Looking for the Next Stock Split? 2 Top Growth Stocks to Buy Now
The recent wave of stock splits has some investors fired up. Of course, splitting a stock has no effect on corporate size or profitability. It's analogous to cutting a cake into more slices. You end up with the same amount of cake, but each piece is smaller. Similarly, splitting a stock leaves its market cap unchanged, but it makes individual shares more accessible, especially for investors who can't buy fractional shares through their brokerage account.
With that in mind, MercadoLibre (NASDAQ: MELI) and Shopify (NYSE: SHOP) could be the next companies to split their stocks. Shopify trades near $650 per share, and MercadoLibre trades near $1,150 per share -- that's a good chunk of change. But even if those splits don't happen, both stocks could still make you richer in the long run.
Here's why.
Source Fool.com
