Better Stock-Split Buy: Nvidia vs. Broadcom
Stock splits often ignite a new interest in some stocks, as a lower Stock price makes the investment feel like investors are getting a better deal. While Stock splits are mostly a cosmetic effect, their psychological effect on investments is a far bigger deal.
However, two companies that recently have undergone stock splits, Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO), are two that didn't need more interest sparked in the stock. Regardless, both are some of the hottest stocks on Wall Street after their splits. But of the two, which is the better buy right now?
Nvidia's 10-for-1 stock split was completed on June 10, while Broadcom's 10-for-1 split was effective July 15. This slashed the price of each stock by one-tenth, so instead of trading for more than $1,000 per share, each stock is in the $100 range.
Source Fool.com
Broadcom Ltd. Stock
The stock is one of the favorites of our community with 68 Buy predictions and 1 Sell predictions.
Based on the current price of 149.96 € the target price of 1384 € shows a potential of 822.91% for Broadcom Ltd. which would more than double the current price.
