If you’re looking for hot stocks to buy, check out upcoming stock splits.
On May 25, Amazon.com (AMZN) split 20:1. With Amazon.com as strong as it is, the stock could make a run right back to $3,000, longer-term.
Shopify (SHOP) just announced it would split 10:1. “For the stock split, shareholders of record as of the close of business on June 22, 2022 will receive on June 28, 2022 nine additional Class A subordinate voting shares or Class B multiple voting shares, as applicable, for every one share held,” says Street Insider.
Tesla (TSLA) may split again, once it gets approval from shareholders around June. The last time TSLA split shares was in 2020 with a five for one split.
Or, look at Restoration Hardware (RH), which just announced a three for one split.
“The Company believes that a stock split is appropriate in view of the substantial appreciation that has occurred in the share price since the 2012 initial public offering. Although a stock split does not change the value of the Company, we believe that a split should have a number of benefits, including the recruitment and retention of talent. The stock split is expected to be executed in the spring,” as noted in a recent release.
Even with all of the volatility in the markets, these could be some of the safest bets.