2024-01-13 08:30:00 ET
If you want to jump into the market in 2024, historical patterns are on your side. According to an analysis of the Nasdaq Composite going back to 1971, the tech-heavy index has risen an average of 19% every year following a recovery year like we experienced in 2023.
For investors, stock-split stocks can be a way to bet on the pattern continuing. Stock splits occur when a company divides each share into lower-priced units to make them more liquid and available to smaller investors. While these events don't impact company fundamentals, they are an encouraging sign that a stock is moving in the right direction.
Let's discuss why two recently split stocks -- Nvidia (NASDAQ: NVDA) and Monster Beverage (NASDAQ: MNST) -- could be great buys in the new year and beyond.
For further details see:
History Says the Nasdaq Will Surge in 2024: 2 Magnificent Stock-Split Stocks to Buy Before It's Too Late