Wall Street Has Found Its Next High-Flying Stock-Split Stock. Here's Why I'm Not Buying the Hype.
Wall Street has been nothing short of a roller-coaster ride since the start of 2020. Investors experienced the quickest bear market decline in history during the COVID-19 crash in 2020, as well as a period of unfettered exuberance in 2021, which sent all three major indexes to record-closing highs. This was followed by another bear market in 2022, and a big-time rally in megacap growth stocks this year.
When volatility and unpredictability rule the roost, professional and everyday investors have a tendency to seek the safety of longtime outperformers. Companies enacting stock splits certainly meet that definition.
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Source Fool.com
