See It Market: Big Companies Take A Shine To Stock Splits
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- Stock splits are back by popular demand with many major tech-related companies taking the corporate action
- Firms from other sectors and geographies have engaged in splits, a sign of optimism
- Ahead of Q1 earnings season, traders might consider eyeing new stock split candidates
What a first quarter it was. The S&P 500 notched a lone all-time high on the first trading day of the year, then pulled back significantly—easily into “correction” territory. The global aggregate bond market suffered one of its worst quarterly losses ever as interest rates vaulted and credit spreads widened. A risk-on appetite during the back half of March helped cushion the blow to investors, though. There appears to be some optimism on the geopolitical front and inflationary fears might be in the process of peaking.