ODFL - A Bull Market Is Here: 1 Stock-Split Growth Stock Up 48400% Since 2000 to Buy and Hold Forever
2024-03-02 06:44:00 ET
Since 1957, the S&P 500 index has gone more than a year without making a new all-time high 14 times. Finally reaching new highs in these instances -- just as the index did in January -- the market proceeded higher over the following year on 13 of these 14 occasions.
This surprising consistency in new bull markets should help ease investors' minds when buying stocks at these prices, as it suggests that the best is not necessarily behind us. One stock that has also recently reached new all-time highs is less-than-truckload specialist Old Dominion Freight Lines (NASDAQ: ODFL) .
Producing a total return of around 48,400% since the turn of the century, Old Dominion will split its stock 2-for-1 on March 17th -- marking its 7th split in the last 21 years.
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A Bull Market Is Here: 1 Stock-Split Growth Stock Up 48,400% Since 2000 to Buy and Hold Forever