Stock splits don't create any real value for shareholders. Given the projected dividend payments I should receive this month, I'll have enough cash to buy another share of Palo Alto before the year ends. Palo Alto Networks has many characteristics I like to see in a growth-focused investment.
While most of Wall Street focuses on the next few quarters, smart investors know that the best returns accrue over many years. It takes time for companies to build and capitalize on enduring competitive advantages, after all. With that in mind, let's look at two growth stocks that were dragged down along with the wider market in 2022.
A broad array of stocks traded lower on Friday as investors focused on the state of the economy and the Federal Reserve's ongoing campaign to battle persistent inflation. With that as a backdrop, as of 1:30 p.m. ET, shares of Nvidia (NASDAQ: NVDA) had slumped by 3.1%, Palo Alto Networks (NASDAQ: PANW) was trading down by 2.9%, Snowflake (NYSE: SNOW) was off by 2.3%, and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) had slipped by 1.1%.