A Major Shake Up Is Coming For The Nasdaq 100
Portfolio Pulse from Thrasher Analytics
Nasdaq has announced a special rebalance of the Nasdaq 100 on July 24th, an event that has only occurred once before in 2011. The rebalance will not change the securities within the index, but will adjust the weightings of each constituent. The last rebalance in 2011 saw a temporary negative reaction to the index and a reduction in the weightings of Apple, QCOM, and SBUX, while MSFT, ORCL, INTC, and GOOGL saw increases. The upcoming rebalance could potentially impact the 'Magnificent 7' (AAPL, NVDA, MSFT, TSLA, META, GOOGL, AMZN).
July 11, 2023 | 1:51 pm
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NEGATIVE IMPACT
Apple's weighting was reduced in the last special rebalance in 2011. It could potentially be impacted again in the upcoming rebalance.
In the last special rebalance in 2011, Apple's weighting was reduced. Given that Apple is part of the 'Magnificent 7', it could potentially be impacted again in the upcoming rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Amazon could potentially be impacted in the upcoming Nasdaq 100 rebalance.
Given that Amazon is part of the 'Magnificent 7', it could potentially be impacted in the upcoming Nasdaq 100 rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Google's weighting increased in the last special rebalance in 2011. It could potentially be impacted again in the upcoming rebalance.
In the last special rebalance in 2011, Google's weighting increased. Given that Google is part of the 'Magnificent 7', it could potentially be impacted again in the upcoming rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Intel's weighting increased in the last special rebalance in 2011. It could potentially be impacted again in the upcoming rebalance.
In the last special rebalance in 2011, Intel's weighting increased. It could potentially be impacted again in the upcoming rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Meta could potentially be impacted in the upcoming Nasdaq 100 rebalance.
Given that Meta is part of the 'Magnificent 7', it could potentially be impacted in the upcoming Nasdaq 100 rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft's weighting increased in the last special rebalance in 2011. It could potentially be impacted again in the upcoming rebalance.
In the last special rebalance in 2011, Microsoft's weighting increased. Given that Microsoft is part of the 'Magnificent 7', it could potentially be impacted again in the upcoming rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia could potentially be impacted in the upcoming Nasdaq 100 rebalance.
Given that Nvidia is part of the 'Magnificent 7', it could potentially be impacted in the upcoming Nasdaq 100 rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Oracle's weighting increased in the last special rebalance in 2011. It could potentially be impacted again in the upcoming rebalance.
In the last special rebalance in 2011, Oracle's weighting increased. It could potentially be impacted again in the upcoming rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Qualcomm's weighting was reduced in the last special rebalance in 2011. It could potentially be impacted again in the upcoming rebalance.
In the last special rebalance in 2011, Qualcomm's weighting was reduced. It could potentially be impacted again in the upcoming rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Starbucks' weighting was reduced in the last special rebalance in 2011. It could potentially be impacted again in the upcoming rebalance.
In the last special rebalance in 2011, Starbucks' weighting was reduced. It could potentially be impacted again in the upcoming rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla could potentially be impacted in the upcoming Nasdaq 100 rebalance.
Given that Tesla is part of the 'Magnificent 7', it could potentially be impacted in the upcoming Nasdaq 100 rebalance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80