Stocks Rebound in 2023 - Tech Giants With Recent Splits Seen as Buys
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2022 was a rough year for stocks, but market has rebounded over 20% in 2023 - could signal start of a new bull market
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Investors enthusiastic about stocks that recently split shares like Amazon, Alphabet, Shopify, Tesla, etc.
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Splits preceded by strong performance, but don't change underlying company value
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Alphabet stock cheap at 21x forward earnings given dominance in search, advertising, and cloud
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Amazon stock cheap at 3x sales given leadership in e-commerce and cloud, with growth in advertising
