Stock splits have been all the rage this year as several prominent companies have decided to go down this path to lower their share prices and boost the demand among retail investors at a time when the broader market has been in sell-off mode, but even this move hasn't given them reprieve on the stock market. Palo Alto Networks (NASDAQ: PANW), for instance, announced a three-for-one stock split on Aug. 22. Shares of the cybersecurity specialist shot up following the announcement, but they have lost momentum since thanks to the Federal Reserve's hawkish nature that has been weighing on the stock market this year. Read More...
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Bear markets a ‘gift’ to younger investors: CIO
STORY: “Today’s movement, we’re seeing the typical action from a bear market,” Schein said, adding, “recessions, or bear markets, are a gift to younger investors.” Schein said that markets in retreat were a time to rebalance portfolios.”Admittedly, if you’ve had your asset allocation overweight in growth, you might want to think about re-allocating to dividend growth, or companies that actually pay a dividend to get you through the next six-to-twelve months.”Schein said bear markets are good ways for well-run companies to gain market share over their overvalued and less-prepared rivals.
