It’s been a stellar year for the stock market. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Index are up 21.9%, 22.2%, and 13.7% year to date, respectively.

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Tech Stock #1: Netflix

Netflix (NASDAQ: NFLX) could potentially be eyeing a stock split. With a share price above $700, nearing its all-time high, Netflix has demonstrated resilience amidst fierce competition from the likes of Amazon, Apple, and Disney.

Despite increased competition, Netflix has seen a 22% revenue growth over the past three years, achieving an operating margin of 24% – its highest as a public entity. Keen initiatives like cracking down on password sharing and introducing an ad-supported tier have been pivotal.

In essence, Netflix has weathered the storm and emerged stronger. A stock split announcement or not, investors should pay attention.

Tech Stock #2: Spotify Technology

Spotify Technology (NYSE: SPOT) could be on the verge of its first-ever stock split. With shares almost doubling in value this year to over $360, Spotify has significantly improved its operating margin by cutting costs, raising subscription fees, and optimizing its workforce.

Irrespective of a split, Spotify’s newfound profitability positions it as an intriguing investment prospect.

Tech Stock #3: Meta Platforms

Meta Platforms (NASDAQ: META) has been a market standout, boasting a 68% stock price increase in 2024. Despite its stock resisting splits in the past, Meta’s colossal growth and profitability make it an enticing investment.

History doesn’t favor those anticipating a split, but Meta’s 22% revenue surge and 73% net income spike in Q2 underscore its dominance in the digital ad landscape. Whether Meta splits or not, adding its shares could bolster diverse portfolios.

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