2024 is the year of stock splits, with Walmart, Chipotle, and Amphenol up post-split

From Nasdaq: 2024-07-07 05:50:00

2024 is shaping up to be the “year of stock splits” with major companies like Walmart, Chipotle, and Amphenol conducting or planning splits. Stocks historically perform well post-split, with Walmart up 30%, Chipotle and Amphenol up 36%. Nvidia’s 10-for-1 split led to a 150% surge, making it the standout performer.

Other companies like Broadcom and Williams-Sonoma are also seeing strong gains ahead of their splits, showcasing potential for growth. Walmart is a solid pick for recession resistance, while Williams-Sonoma offers a 1.6% dividend yield. For growth investors, Nvidia and Broadcom are top choices with optimistic outlooks.

Investors looking to maximize returns should consider recommendations from the Motley Fool Stock Advisor team. While Nvidia may not be on their list, historical stock picks have shown potential for significant growth. The Stock Advisor service has outperformed the S&P 500 since 2002, providing a blueprint for investment success.

As the market sees increased activity around stock splits, it’s essential to assess each company’s prospects carefully. While past performance is not a guarantee of future results, understanding the potential for growth and stability can help investors make informed decisions in a dynamic market environment.



Read more at Nasdaq: Here’s the Best-Performing Stock-Split Stock of 2024 So Far — and It Isn’t Even Close