Which stocks are expected to split in 2024?
Broadcom (NASDAQ:AVGO) would be a perfect candidate for a stock split in 2024. The move would align with other tech stocks that split their shares two years ago. Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) were among those splitting their stock then and the chipmaker can afford to do the same now.
Broadcom (NASDAQ:AVGO) would be a perfect candidate for a stock split in 2024. The move would align with other tech stocks that split their shares two years ago. Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) were among those splitting their stock then and the chipmaker can afford to do the same now.
| Stock | 2024 return through March 31 |
|---|---|
| Janux Therapeutics Inc. (JANX) | 250.9% |
| Trump Media & Technology Group Corp. (DJT) | 254.1% |
| Super Micro Computer Inc. (SMCI) | 255.3% |
| Viking Therapeutics Inc. (VKTX) | 340.6% |
Based on Nvidia's split history and its current price, a 2024 split is likely. Analyst Ken Mahoney, president and CEO of Mahoney Asset Management, agrees, although with a slightly longer timeline.
| Company | Old FV | Split Date |
|---|---|---|
| Lorenzini Apparels Ltd | 10 | 28-03-2024 |
| United Van Der Horst Ltd | 10 | 26-03-2024 |
| Refex Industries Ltd | 10 | 22-03-2024 |
| Colab Cloud Platforms Ltd | 10 | 19-03-2024 |
| Stock | Expected Change in Stock Price* |
|---|---|
| Meta Platforms Inc. (META) | -1.9% |
| JPMorgan Chase & Co. (JPM) | -3.4% |
| Tesla Inc. (TSLA) | 61% |
| Mastercard Inc. (MA) | 14.2% |
After Nvidia announced its stock split on May 21, 2021, the stock had a strong run-up until the split took effect on July 20, increasing nearly 40% at its peak. NVDA data by YCharts. This same time frame would also make sense in 2024, as Nvidia's annual meeting occurs in June.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Guj. Themis Bio. | 384.75 |
| 2. | Refex Industries | 141.30 |
| 3. | Tanla Platforms | 941.15 |
| 4. | M K Exim India | 76.69 |
| S.No. | Name | ROCE % |
|---|---|---|
| 1. | Jai Balaji Inds. | 18.28 |
| 2. | Waaree Renewab. | 83.80 |
| 3. | Insolation Ener | 19.64 |
| 4. | SG Mart | 14.52 |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Motherson Wiring | 70.15 |
| 2. | Hindustan Zinc | 398.70 |
| 3. | Lloyds Metals | 722.55 |
| 4. | NMDC | 235.65 |
Is it better to buy before or after a stock split?
Does it matter to buy before or after a stock split? If you buy a stock before it splits, you'll pay more per share than what it'll cost after it splits. If you're looking to buy into a stock at a cheaper price, you may want to wait until after the stock split.
Also, considering the other notable catalysts that Nvidia could benefit from, it won't be surprising to see the company's top line head closer to $300 billion after five years. If that's indeed the case, investors can expect the stock to deliver outstanding gains once again over the coming five years.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like NVDA offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
Stock splits are generally done when the stock price of a company has risen so high that it might become an impediment to new investors. Therefore, a split is often the result of growth or the prospects of future growth, and it's a positive signal.
| Company | Bonus Ratio | Ex-Bonus |
|---|---|---|
| Colab Cloud Platforms Ltd | 1:1 | 19-03-2024 |
| Kesar India Ltd | 6:1 | 19-03-2024 |
| Spright Agro Ltd | 1:1 | 18-03-2024 |
| Gujarat Ambuja Exports Ltd | 1:1 | 15-03-2024 |
When any company's stock undergoes a split, the resultant share price may be increased. This is often followed by an almost immediate decrease in the price, but investors may well turn a profit if they act fast.
| Company Name | LTP | All T/L |
|---|---|---|
| HCL Technologies | 1447.5 | 12.9 |
| Apollo Hospitals | 6169.55 | 10.83 |
| Coal India | 435.3 | 109.55 |
| B P C L | 585.8 | 10.88 |
- Bajaj Finance Ltd.
- Titan Company Ltd.
- Varun Beverages Ltd.
- Cholamandalam Investment & Finance Company Ltd.
- Tube Investments of India Ltd.
- SRF Ltd.
- Solar Industries India Ltd.
- Persistent Systems Ltd.
- BAMPSL Securities: With a current market price (CMP) of INR 9.87, BAMPSL.
- Securities have shown a 29.87% increase over the past year. ...
- Rajnish Wellness: Trading at INR 11.52, Rajnish Wellness has surged by **41.70%** in the last year, with a range of INR 7.75 to INR 20.50¹.
Splits are generally a positive announcement, with the lower share price helping boost share liquidity. And while both Celsius CELH and Novo Nordisk NVO shares have delivered market-beating returns post-split, strictly buying post-split is not a feasible strategy.
Why is Chipotle stock so high?
In short, the rise in Chipotle's shares is the result of the restaurant's opening new locations and growing revenue. The company opened 271 new locations in 2023 and reported $9.9 billion in revenue for the year, a 14.3% increase from 2022.
Nvidia stock is not a buy right now because it is extended from support at the 10-week moving average. However, if the stock climbs above its flat base, it would be a buy.
- Zai Lab Limited (ZLAB) Source: Billion Photos / Shutterstock. ...
- Tandem Diabetes Care (TNDM) ...
- HighPeak Energy (HPK) ...
- Crescent Energy Corporation (CRGY) ...
- Schrodinger (SDGR) ...
- Bumble (BMBL) ...
- Alphatec Holdings (ATEC)
Zydus Lifesciences, Mankind Pharma, Bosch, Jindal Stainless, Oberoi Realty, Phoenix Mills, Sundaram Finance, and PB Fintech are among 17 stocks that are likely to be included in the MSCI Standard index during the May 2024 index reconfiguration, according to estimates by IIFL Alternative Research.
| Sr.no | Company | CMP 26th Mar 2024 |
|---|---|---|
| 1 | Tata Consultancy Services Ltd. | ₹ 4,180 |
| 2 | Bajaj Finance Ltd. | ₹ 6,452 |
| 3 | Godrej Consumer Products Ltd. | ₹ 1,213.25 |
| 4 | ITC Ltd. | ₹ 423.50 |
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