Luckbox Digest

Stock Splits, Acoustic Rock and Olive Oil

By:James Melton

A weekly look inside Luckbox magazine

Stock splits ahead in 2024

If the stock market’s current bull run extends into next year, it’s highly likely another big-name company will announce a stock split soon.

Companies often split their stock after strong rallies, especially when their shares get prohibitively expensive for the average retail investor. Stock splits occur when companies break up existing shares to create a higher number of lower-value shares. Recently, Novo Nordisk (NVO)—the maker of the popular weight-loss drug Ozempic—split its shares 2-for-1 on Sept. 20.

Check out this post on X.
Alternatively, some companies also pursue reverse stock splits. They’re typically used by companies that experience a dramatic correction in the value of their underlying shares.

To find out how stock splits work and see a list of three stock-split candidates for 2024, read the whole story.

Hovvdy goes unplugged

Hovvdy by Kendall_Polidori
Hovvdy by Kendall Polidori

The Austin-based indie pop-rock duo Hovvdy held an acoustic show in Chicago earlier this month. The duo’s acoustic-driven set is something the band has been trying out on a short four-city tour.

The Rockhound found it a nice, intimate show that caused attendees to relax and sway gently in the warm light—It was though they were sitting in the living room of a close friend. Read the whole story.

Know your olive oil

Extra virgin olive oil (EVOO) is having its moment.

Post-doctoral fellows are documenting the health benefits, videographers are filling social media with testimonials and Jennifer Lopez swears by it for skin care. Beauty and notoriety aside, science tells us swallowing a tablespoon of EVOO once a day can drastically reduce the risk of cancer, strokes, obesity, Alzheimer’s, rheumatoid arthritis, Type 2 diabetes, stomach ulcers and heart disease. It's a superfood.

But too much of the EVOO on the market is fake. One expert calls olive oil "the used cars of the food industry." Read the whole story.

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James Melton is managing editor of Luckbox magazine.

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