How Apple Stock Could Gain From Friday's S&P 500 Rebalancing: What Investors Should Know
Portfolio Pulse from Chris Katje
Apple Inc. (AAPL) is expected to benefit from the S&P 500 rebalancing on Friday, which coincides with the quarterly triple witching event. The rebalancing will see Apple become the largest holding in the SPDR S&P 500 ETF Trust (SPY), potentially leading to increased volatility and net buying in the technology sector.
September 20, 2024 | 1:48 pm
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Microsoft will be overtaken by Apple as the largest holding in SPY due to the S&P 500 rebalancing, which may affect its relative position in the ETF.
Microsoft, currently the largest holding in SPY, will be overtaken by Apple after the S&P 500 rebalancing. This change may affect Microsoft's relative position in the ETF, but the direct impact on its stock price is less certain.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Apple is set to become the largest holding in the SPDR S&P 500 ETF Trust due to the S&P 500 rebalancing, potentially leading to increased buying and volatility.
The S&P 500 rebalancing will make Apple the largest holding in SPY, which is likely to lead to increased buying pressure and volatility. The technology sector is expected to see $40 billion in net buying, with Apple accounting for a significant portion due to its market cap and recent changes in float.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust will undergo a quarterly rebalance, with Apple becoming its largest holding, potentially impacting the ETF's performance.
The quarterly rebalance of the S&P 500, tracked by SPY, will see Apple become the largest holding. This change could influence the ETF's performance, especially with the expected $40 billion net buying in the tech sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80