economy
What DuPont's Coming 1-for-3 Reverse Stock Split Means for Investors
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stocks are trading lower, but off their session lows.
- The AI and data center buildout trade is cooling off.
- DuPont's 1-for-3 reverse stock split will take effect Wednesday.
- The reverse split aims to make DuPont's share price and EPS more comparable to its peers.
- FedEx and KB Home are reporting earnings today, while Paychex and May new home sales data are expected Wednesday.