Kenvue To Replace Advance Auto Parts In S&P 500; Advance Auto Parts To Replace Emergent BioSolutions In S&P SmallCap 600, Effective August 25
Portfolio Pulse from Benzinga Newsdesk
Kenvue will replace Advance Auto Parts in the S&P 500, and Advance Auto Parts will replace Emergent BioSolutions in the S&P SmallCap 600, effective August 25.
August 21, 2023 | 9:23 pm
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POSITIVE IMPACT
Kenvue is set to join the S&P 500, replacing Advance Auto Parts. This could potentially increase the stock's visibility and demand.
Being included in the S&P 500 often leads to increased demand for a company's stock, as it is added to index funds tracking the S&P 500. This could potentially lead to a short-term increase in Kenvue's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Advance Auto Parts is set to leave the S&P 500 and join the S&P SmallCap 600, replacing Emergent BioSolutions. This could potentially decrease the stock's visibility and demand.
Being removed from the S&P 500 often leads to decreased demand for a company's stock, as it is removed from index funds tracking the S&P 500. This could potentially lead to a short-term decrease in Advance Auto Parts' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Emergent BioSolutions is set to leave the S&P SmallCap 600. This could potentially decrease the stock's visibility and demand.
Being removed from the S&P SmallCap 600 often leads to decreased demand for a company's stock, as it is removed from index funds tracking the S&P SmallCap 600. This could potentially lead to a short-term decrease in Emergent BioSolutions' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100