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1 Stock-Split Stock to Buy Hand Over Fist in March and 1 to Avoid
While one of Wall Street's few legal monopolies is a screaming buy, a high-flying artificial intelligence (AI) stock-split stock has lost the trust of investors.
In case you haven't noticed, the bulls have been running the show on Wall Street for almost 2.5 years. Since the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite bottomed out in October 2022, all three major indexes have rocketed to multiple all-time highs.
Although the evolution of artificial intelligence (AI) and Donald Trump's return to the White House have been two of the biggest stories propelling equities higher, don't overlook the role stock-split euphoria has played in lifting the valuations of high-profile stocks.
A stock split is a cosmetic event that allows a publicly traded company to alter its share price and outstanding share count by the same magnitude. These adjustments are cosmetic in the sense that stock splits don't alter a company's market cap or in any way impact its underlying operating performance.
