AVGO - 5 Reasons Broadcom Is a Better Stock-Split Stock to Buy Than Chipotle
2024-07-11 05:50:00 ET
The bigger the stock split, the better the stock? If that were the case, Chipotle Mexican Grill (NYSE: CMG) would beat Broadcom (NASDAQ: AVGO) like a drum. Chipotle conducted a 50-for-1 stock split on June 25. Broadcom will split its shares 10-for-1 following the market close on July 12.
But the size of the stock split has no bearing on the quality of the stock. If you're thinking about whether or not to buy Chipotle or Broadcom, the decision should be an easy one. Here are five reasons Broadcom is a better stock-split stock to buy than Chipotle.
Chipotle's revenue rose 14% year over year in the first quarter of 2024. Its adjusted earnings per share jumped 27%. Unsurprisingly, its Chipotle stock has also performed quite well, vaulting nearly 30% higher so far this year.
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5 Reasons Broadcom Is a Better Stock-Split Stock to Buy Than Chipotle