Cybersecurity Provider CrowdStrike And These 2 Companies Make The Cut For S&P 500 Inclusion, Palantir Misses Out Yet Again
Portfolio Pulse from Shanthi Rexaline
S&P Dow Jones Indices announced changes to the S&P 500 Index, adding CrowdStrike, KKR & Co, and GoDaddy, while removing Robert Half, Comerica, and Illumina. Illumina will move to the S&P MidCap 400, and Robert Half and Comerica will join the S&P SmallCap 600. Palantir and Dell were not included in the S&P 500.
June 08, 2024 | 5:42 pm
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NEGATIVE IMPACT
Comerica will be removed from the S&P 500 Index and added to the S&P SmallCap 600. This removal is expected to negatively impact the stock due to decreased demand from index funds.
Removal from the S&P 500 typically leads to decreased demand from index funds, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Illumina will be removed from the S&P 500 Index and added to the S&P MidCap 400. This removal is expected to negatively impact the stock due to decreased demand from index funds.
Removal from the S&P 500 typically leads to decreased demand from index funds, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Palantir was not included in the S&P 500 Index despite investor expectations. This exclusion may negatively impact the stock due to unmet investor expectations.
Exclusion from the S&P 500 despite investor expectations can lead to disappointment and selling pressure, negatively impacting the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Robert Half will be removed from the S&P 500 Index and added to the S&P SmallCap 600. This removal is expected to negatively impact the stock due to decreased demand from index funds.
Removal from the S&P 500 typically leads to decreased demand from index funds, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Dell was not included in the S&P 500 Index. This exclusion may have a neutral to slightly negative impact on the stock.
Exclusion from the S&P 500 may have a neutral to slightly negative impact, but the effect is less pronounced compared to companies with higher investor expectations.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
CrowdStrike has been added to the S&P 500 Index, replacing Robert Half. This inclusion is expected to boost the stock due to increased demand from index funds.
Inclusion in the S&P 500 typically leads to increased demand from index funds, boosting the stock price. CrowdStrike's after-hours trading already showed a 5.35% increase.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
GoDaddy has been added to the S&P 500 Index, replacing Illumina. This inclusion is expected to positively impact the stock due to increased demand from index funds.
Inclusion in the S&P 500 typically leads to increased demand from index funds, boosting the stock price. GoDaddy's after-hours trading already showed a 3.72% increase.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
KKR & Co has been added to the S&P 500 Index, replacing Comerica. This inclusion is expected to positively impact the stock due to increased demand from index funds.
Inclusion in the S&P 500 typically leads to increased demand from index funds, boosting the stock price. KKR's after-hours trading already showed a 7.72% increase.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100