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With Stock Splits Underway, These 2 Beaten-Down Stocks Are Buys Now

TheMotleyFool

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With Stock Splits Underway, These 2 Beaten-Down Stocks Are Buys Now

Stock splits are all the rage these days, with several prominent companies resorting to this move over the past few months. Unsurprisingly, splits haven't been enough to rescue some of these companies in the market. After all, this corporate strategy does nothing to change the fundamental value of a company. And with stocks still experiencing some turmoil due to economic and geopolitical issues -- and individual corporations facing specific headwinds as well -- it's been a tough year all around.

Even with these caveats, there are brighter days ahead for some companies that recently resorted to stock splits. Let's consider two of them: DexCom (NASDAQ: DXCM) and Shopify (NYSE: SHOP).