Fast Money Blog- 3/11/22

Volatility was at an all time high this week in the stock market. Shares of Apple, Inc. (APPL), Amazon.com, Inc. (AMZN) and Microsoft Corporation (MSFT), traded in a particular range.

By far the most exciting news on Wall Street came on Wednesday, March 9th, as Amazon announced that its board of directors approved a 20-for-1 stock split. This split will be voted on by shareholders on May 25th, 2022.

Once it’s approved, the anticipated stock split date is June 6th, 2022. This will mark the company’s first stock split since 1999.

Amazon also said that the board authorized a $10 billion stock buyback plan.

Just a reminder that on Tuesday, Feb. 1st, Google parent Alphabet, Inc. (GOOGL) said its board approved plans for a 20-for-1 stock split for all 3 classes of its stock, planned for July 15th, 2022.

I expect all geo-political conflicts to come to a conclusion in next 120 days, just in time for the Amazon and Google stock splits to positively impact shareholders.

Tyrone Jackson

The Wealthy Investor