Palantir Misses Out, Super Micro Computer Makes The Cut: What Investors Should Know About S&P 500 Quarterly Rebalance
Portfolio Pulse from Shanthi Rexaline
In the latest S&P 500 quarterly rebalance, Super Micro Computer, Inc. (SMCI) and Deckers Outdoor Corp. (DECK) were added to the index, replacing Whirlpool Corporation (WHR) and Zions Bancorporation (ZION), respectively. Palantir Technologies, Inc. (PLTR) was notably excluded from the S&P 500, disappointing investors. Following the announcement, SMCI and DECK saw significant after-hours trading gains, while PLTR experienced a decline.
March 02, 2024 | 4:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Palantir Technologies, Inc. was not included in the S&P 500 in the latest rebalance, leading to a 3.81% decline in its stock in after-hours trading.
Palantir's exclusion from the S&P 500 likely led to a negative investor reaction, as reflected in the stock's after-hours decline. Index inclusion could have increased demand for PLTR shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Whirlpool Corporation was removed from the S&P 500, to be replaced by Super Micro Computer, Inc. This change may impact WHR's stock in the short term.
Whirlpool's removal from the S&P 500 could lead to decreased demand from index funds and ETFs, potentially negatively affecting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Zions Bancorporation was removed from the S&P 500, to be replaced by Deckers Outdoor Corp. This change may impact ZION's stock in the short term.
Zions Bancorporation's removal from the S&P 500 could result in decreased demand from index funds and ETFs, possibly leading to a short-term negative impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deckers Outdoor Corp. was added to the S&P 500, replacing Zions Bancorporation. The stock rose 4.40% in after-hours trading following the announcement.
Deckers Outdoor's addition to the S&P 500 is expected to boost its stock due to increased purchases by index funds and ETFs. The after-hours performance reflects positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Super Micro Computer, Inc. was added to the S&P 500, replacing Whirlpool Corporation. The stock surged 12.54% in after-hours trading following the announcement.
The inclusion of SMCI in the S&P 500 is a significant positive development, likely leading to increased demand for the stock from index funds and ETFs. The after-hours surge indicates strong investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100