Tractor Supply Company’s (NASDAQ: TSCO) FQ2 earnings report affirmed the outlook for long-term share price increases, as indicated by the recent stock split. Due to their quality, stocks that split tend to trend higher over time, outperforming the broader market.
Stock splits tend to happen with stocks whose prices have been trending higher to begin with. Uptrends are driven by business growth and improving shareholder value, so it only makes sense that the uptrend will continue afterward.
