Reported On December 8, 2023 CDW Corp, Coca-Cola Europacific Partners, DoorDash, MongoDB, Roper Technologies And Splunk Were Announced To Be Added To The Nasdaq-100 Index Effective Prior To Market Open On Monday, December 18, 2023
Portfolio Pulse from Benzinga Newsdesk
CDW Corp, Coca-Cola Europacific Partners, DoorDash, MongoDB, Roper Technologies, and Splunk have been added to the Nasdaq-100 Index. This inclusion could potentially increase investor interest and trading volumes in these stocks due to the index's popularity and the funds that track it.
December 11, 2023 | 2:42 pm
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POSITIVE IMPACT
Coca-Cola Europacific Partners' inclusion in the Nasdaq-100 Index is likely to attract more investors and boost liquidity.
Inclusion in the Nasdaq-100 Index often leads to increased buying from index funds, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CDW Corporation's addition to the Nasdaq-100 Index may lead to increased investor interest and higher trading volumes.
Being added to a major index like the Nasdaq-100 often results in increased demand for the stock as index funds and ETFs that track the index are required to purchase shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DoorDash's entry into the Nasdaq-100 Index could result in a positive impact on its stock due to expected index fund buying.
The stock may see a short-term price increase as it becomes a holding in more portfolios that track the Nasdaq-100 Index.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MongoDB's addition to the Nasdaq-100 Index is expected to positively influence its stock due to the inflow from index trackers.
The stock is likely to experience a short-term rise as funds that replicate the composition of the Nasdaq-100 Index start buying shares of MongoDB.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Roper Technologies' inclusion in the Nasdaq-100 Index may lead to a short-term uptick in its stock price due to increased demand.
The company's stock might benefit from the additional exposure and buying by index funds that track the Nasdaq-100 Index.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Splunk's addition to the Nasdaq-100 Index could increase its stock's visibility and attract more investors.
As Splunk becomes part of the Nasdaq-100, it may see a short-term price increase due to the buying activity from index funds.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100