Growth stocks have suffered the steepest declines in the recent stock market sell-off. Right now, sky-high inflation, rising interest rates, and fears of a recession have formed the perfect recipe for disaster for growth stocks. Such market downturns, however, are also the best times to buy top-notch growth stocks while they're still languishing.
While a turbulent market can provide plenty of opportunities to buy more of the stocks you love at a bargain, it's also tough to see the stocks you own go deeper into the red. Healthcare giant Johnson & Johnson (NYSE: JNJ) hardly needs an introduction. While the S&P 500 remains down about 17% over the trailing 12 months, shares of Johnson & Johnson have delivered a total return of approximately 4% in that time frame.
With inflation reaching a 40-year high in June 2022, worries of rising interest rates slowing down the economy and escalating geopolitical tensions across the world, the benchmark S&P 500 has reported its worst first-half-year performance in the past 52 years. Despite this, investors have remained keen on stock splits wherein a publicly traded company increases its outstanding share count without changing overall market capitalization. Not surprisingly, Tesla (NASDAQ: TSLA) and Shopify (NYSE: SHOP) are among the top contenders in the list of stock-split stocks that have garnered maximum investor interest.