![]() ![]() Below is a bit more about some of the companies and why they’ve been outperforming.Īlphabet (GOOG) is up by about 18% year-to-date and by about 80% over the last 12 months, as the company's core advertising business held up despite Covid-19, while its cloud business continued to gain traction. Now although splits don’t change the fundamentals for a company, they typically cause a run-up in the stock price post-announcement as investors see them as a signal that management is confident that growth will remain strong going forward. In our indicative theme of Stocks Poised For A Split, we’ve identified a group of over ten companies from the S&P 500 with a strong track record of revenue growth, with their stocks also trading at high prices, potentially making them candidates for a stock split. Now it's looking quite likely that we will see more high-profile stock splits this year, considering that the S&P 500 is up a solid 80% from the lows of March 2020, with many large-cap stocks trading around their all-time highs. The stock is expected to trade on a split-adjusted basis from July 20. Nvidia (NVDA) stock rallied by almost 10% over the last week, after the company announced its first stock split in almost two decades. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images BRAZIL - 3: In this photo illustration the Nvidia Corporation logo seen displayed on a. ![]()
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