Also, spilts often mark the top in a stock. Some technicians use them to issue sell signals. Also, often, those receiving spilt shares often sell some of them and hold the original number. So splits are typically bearish soon after taking effect. Be careful what you wish for!
You do realize that brokers charge the same commission on 50 shares at $130 or 100 shares @ $65, don't you? More important, splitting a stock is like cutting a sandwich in half. Still the same sandwich.
It won't only be the rise in the minimum wage, but all the employees making more than minimum will want raises too. The whole wage scale rises. Profit squeeze is likely for many companies, including ULTA. Lots of stores in California & the other states with big jumps in wages.
Sentiment: Strong Sell
When the minimum wage goes up this big, the wages all along the wage scale go up. Someone making a few dollars above today's min. wage will want the same percent above the future min. wage of $15. Not good for HD and a lot of labor intensive companies. Even Cramer is very concerned (talking about it now on Squawk Box).
Not good for HD.
A price ratio of 20:1 would be more appropriate, maybe 10:1 (close to the ancient ratio).
Bypass the banks. Crank up the planes & helicopters and drop trillions of dollars and other currencies in the poor and middle class areas of the planet. Result? Boom, and positive inflation.