These 2 Potential Stock Splits Look Like Screaming Deals Right Now

Stock splits usually occur for one reason: the stock price has become too high to use as currency for paying employees. This is typically indicative of a stock that has done well over time, as there's only one way to get to a point where the stock is too expensive to use as currency: It has risen to around $1,000 per share. Rarely do you find stocks that trade at this level that are screaming deals, but I think that both Micron Technology (NASDAQ: MU) and Sandisk (NASDAQ: SNDK) qualify.

Each of these stocks is well off its all-time high, but is priced in the range where a stock split could make sense. Whether either of these companies announces a stock split or not, I think that they're both in a great spot to benefit from current market conditions.

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