Seven Upcoming Stock Splits

There are seven upcoming stock splits that everyone should know about, especially for those who have been following these brands and waiting for the price to go down. Well this is your chance to grab a few shares of some major players at a really low price

Take Amazon for example, this company has been a trendsetter for some years now. It gives individuals the ability to sell their products online, authors an opportunity to sell their books without paying out of pocket for printing costs, and subscribers a chance to catch up on their favorite shop on Amazon Prime. Did I mention they also deliver groceries and have a pharmacy as well? Talk about your one-stop shop. With the new union in Staten Island, New York and potential ones in the future, only time will tell the continued success of this company. However, I assume they will be doing even more in the future. One thing they many want to consider is making sure they are not creating a monopoly and they are abiding by the antitrust laws.

  • Ticker- AMZN
  • Closed at- $2,447 on 6/3/22
  • Split Type: 20-for-1
  • $2447 / 20 = $122.35 (Price opening on 6/6/22)
  • Split date- 6/3/22
  • Sector- Consumer Discretionary/Staples

Next there’s Google. What can I say about this company? This successful company has allowed students to utilize google docs without paying a subscription fee, travelers to utilize google maps to plan trips, content creators to use google drive to upload large projects, Vlogers to connect with YouTube, and a host of other things. Of course there is a looming recession and inflation in full play, which all companies have and will make adjustments for, but Google always seem to come out ahead

  • Ticker- GOOG (Alphabet Inc)
  • Current price- 2,255.98
  • Split type: 20-for-1
  • Split date: 7/15/22
  • Sector: Technology

Next is Tesla. A company that a lot of other Electronic Vehicle (EV) makers try to compare to or exceed. When a company is the first to do something, they tend to be held at high regard when it comes to their business, brand, products, services, and other matters as well. Take the owner, Elon Musk for example. He’s at a stage in his life where he can tweet out information about Dogecoin and stock orders increase. Currently, he is in the news regarding a bid to buy Twitter. There has been much said, positive and negative. We will see how this all plays out.

  • Ticker: TSLA
  • Current price: $759.63
  • Split type: 3 for 1
  • Split date: Shareholders will vote on split on 8/4/22
  • Sector: Consumer Discretionary

Next there’s Nintendo. Many of us investors, parents, aunts/uncles, or family friends remember Nintendo from either having the first game set sold or buying some later version of it. Game sets have transitioned completely from Atari (Generally moving characters left, right, up, or down) to Game Boy, Super Nintendo, and Nintendo Switch. With having over 100 years, almost 200 years, in this industry, who would expect things to change now? Now things do change, as we have seen over the years with Nintendo. However, it can be assumed that Nintendo will be around for years to come. At least that is my hope.

  • Ticker: NTDOY
  • Current price: $56.09
  • Split type: 10-for-1
  • Split date: 10/1/22
  • Sector: Technology/Consumer Discretionary

Who doesn’t like Spotify, or a streaming service with new and old school music at your fingertips? I know I do. The era in which I was born was heavily populated with cassette tapes. You know, the cassettes you had to fast forward and rewind to play your favorite song over and over again. This was the way of life, who could want anything more? Matter of fact, when I was around 8 years old, record players were a big deal, well in my household it was. My sister had a record player and my mother had an entertainment console, which connected her record player to an 8 track player. Luther Vandoss blared from her entertainment console every Saturday.

Now imagine years later and having music at our fingertips because of companies like Spotify and their streaming service. Now there are competitors, such as: Apple Music, Tidal, Amazon music and more.

  • Ticker: SHOP
  • Current price: $112.97
  • Split type: 10 for 1
  • Split date: 6/28/22
  • Sector: Consumer Discretionary

Kinetik Holdings

As profiled on cnbc, “Kinetik Holdings Inc., formerly Altus Midstream Company, is an integrated midstream energy company in the Permian Basin. The Company provides gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. The Company operates approximately 2 billion cubic feet per day (Bcf/day) of constructed cryogenic natural gas processing capacity strategically located near the Waha Hub in West Texas. The Company also has interests in four built, long-term contracted pipelines transporting natural gas, NGLs, and crude oil from the Permian Basin to the Gulf Coast. It has long-term dedications of approximately 850,000 acres for gas, crude oil, and water midstream services from 30 active producers in the Delaware Basin. The Company’s Midstream Logistics business also includes its crude oil gathering, stabilization, and storage services throughout the Texas Delaware Basin.”

  • Ticker: KNTK
  • Current price: $86.20
  • Split Type: 2 for 1
  • Split date: 6/8/22
  • Sector: Energy

GameStop

the world’s largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems, consoles & accessories.” I remember vividly last year when GameStop’s stock was a Wall Street Bets sensation and people seemed to pour their money into this company without any evidence to support that the company was doing well. Even people who had never invested in this company was talking about investing. Some investors considered it a pump and dump. Now, Wall Street Bets’ agenda seemed to save GameStop and AMC from short sell companies who intended to push the price up so they could sell it. Now as far as GameStop and how it’s doing now, one must take in consideration of Analyst Colin Sebastian’s comments about “until the company ‘more clearly articulates new management’s business strategy,’ which will enable investors to better evaluate the company’s ‘intrinsic value and prospects for future free cash flow generation.’”

  • Ticker: GME
  • Current price: $137.21
  • Split type: TBD
  • Split date: Pending Shareholder Approval on 6/2/22
  • Sector: Consumer Discretionary

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