TMO - After Amazon these 20 companies could follow a stock split wave

Stocks splits are historically bullish for companies, the Research Investment Committee at BofA Securities says. "Average returns one year later are 25% (vs. 9% for the market)," strategist Jared Woodard and team wrote in a note Thursday. "Recently, splits have become scarce with returns more subdued, but still well above benchmarks." "Again, we pose some questions for CFOs of companies with high-priced stocks: if share splits can attract inflows and support prices, do those benefits outweigh the benefits of doing a costly share repurchase? Would a share split and its effects enable management teams to allocate more funds to R&D, raise productivity, or strengthen balance sheets for a rainy day?" "If more corporate managers adopt shareholder-friendly postures, it could spark a wave of splits and bring more investors flows into the market, proving support for embattled growth companies," Woodard added. Which stocks could be caught in that wave? BofA highlighted

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After Amazon these 20 companies could follow a stock split wave