Stock splits have been all the rage in recent years, fueled by surging stock prices of some of the world's most recognizable companies. However, in recent months, some of those same stocks have suffered spectacular declines as the S&P 500 and the Nasdaq Composite have both fallen headlong into a correction. Worse still, the tech-heavy Nasdaq has tumbled into bear market territory, down roughly 27% from its high reached late last year.
While many companies have decided to split their shares, not all are created equal. Some have been relegated to the bargain bin, while still others belong in the trash bin.
With that as a backdrop, we asked three Motley Fool contributors to identify a stock-split stock they're most excited about, given the recent market correction and the growth potential of the respective companies. Read on to find out why they picked Amazon (NASDAQ: AMZN) , Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) , and Shopify (NYSE: SHOP) from among the recent stock-split candidates.
For further details see:
Nasdaq Bear Market: 3 Stock-Split Stocks to Buy Even as the Market Sinks