Lost Among the Stock Splits: 2 Great Growth Stocks to Buy Now and Hold
Some investors are fired up because a number of popular companies have stock splits in the works. While splitting a stock has no direct impact on the performance or valuation of a company, it can still lead to price appreciation by making shares more accessible. And with the S&P 500 down about 20% from its high, a positive bounce would be a welcome relief.
However, those gains are often short-lived. For instance, shares popped after Amazon's 20-for-1 split went into effect on June 6, but the stock was actually down 10% over the past week. That doesn't mean Amazon is a bad investment. It just means stock splits are one-off events, and short-term catalysts make for poor investment theses.
With that in mind, here are two companies that have been overlooked recently. Both stocks are worth buying right now.
Source Fool.com
