📈 Wall Street's Newest Stock Split Stock Has Arrived – and Here's the Magnificent Stock Likely
🌟 Key Points: 🌟
Stock-split euphoria has taken center stage in 2024
Sony Group completes a 5-for-1 forward split, making shares more affordable
Meta Platforms is poised to be the next big stock-split candidate
📅 Latest Developments: 📅
Sony Group's stock split takes effect today, October 9, 2024
Shares are expected to trade around $19, down from $95
Sony's PlayStation 5 and Imaging and Sensing Solutions segment drive growth
🎮 Sony Group Highlights: 🎮
PlayStation 5 is the top-selling ninth-generation gaming console
Revenue from PlayStation Plus subscription service is climbing
Sony's next-generation console expected in 2-3 years
📸 Imaging and Sensing Solutions: 📸
Double-digit growth driven by strong demand for image sensors in smartphones
5G network upgrades encourage consumer device upgrades
💰 Shareholder-Friendly Policies: 💰
Sony's capital-return program includes share repurchases
Improves earnings per share and stock attractiveness
🌐 Meta Platforms: The Next Stock-Split Candidate: 🌐
Meta is the only "Magnificent Seven" member to have never split its stock
Shares topped $600, making a split likely to enhance affordability
Meta's social media platforms attract over 3.2 billion daily active users
💡 Meta's Future Growth: 💡
Investing heavily in AI and the metaverse
Strong cash position allows for risk-taking and innovation
Potential for sustained double-digit growth
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