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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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
NEUTRAL IMPACT
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