History Says the Nasdaq Will Surge in 2024: 1 Stock-Split Stock to Buy Before It Does
There's no doubt that 2022 will go down in history as one of the toughest years on record for Wall Street, but markets appear to have turned the corner. After tumbling more than 35% in 2022, the Nasdaq Composite has rebounded with a vengeance, gaining 39% thus far in 2023 (as of market close on Tuesday).
Investors who are students of history will know the surge will likely continue. As far back as 1972 -- the first full year of trading for the Nasdaq -- in the year following a market rebound, the tech-heavy index has generated gains of 19% on average, which suggests the current rebound will likely continue.
Furthermore, the resurgence of stock splits in recent year has investors taking a fresh look at companies that have split their shares, as the move is usually preceded by years of robust growth. One such company is Amazon (NASDAQ: AMZN). The stock has gained 677% over the past decade, causing the company to split its shares in mid-2022.
Source Fool.com
