Texas Pacific Land Set to Join S&P 500, Mueller Industries to Join S&P MidCap 400 and Atlas Energy Solutions to Join S&P SmallCap 600
Portfolio Pulse from
Texas Pacific Land Corp. will join the S&P 500, replacing Marathon Oil, which is being acquired by ConocoPhillips. Mueller Industries will move to the S&P MidCap 400, and Atlas Energy Solutions will join the S&P SmallCap 600.
November 21, 2024 | 11:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Marathon Oil will be removed from the S&P 500 due to its acquisition by ConocoPhillips. This may lead to a decrease in demand for MRO shares.
Removal from the S&P 500 can lead to decreased demand for a company's stock as index funds sell off their holdings, potentially leading to a short-term price decrease.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Atlas Energy Solutions will join the S&P SmallCap 600, replacing Mueller Industries. This inclusion may increase demand for AESI shares.
Inclusion in the S&P SmallCap 600 can lead to increased demand for a company's stock as index funds that track the index will need to purchase shares, potentially leading to a short-term price increase.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
ConocoPhillips is acquiring Marathon Oil, which will lead to Marathon's removal from the S&P 500. This acquisition may positively impact ConocoPhillips' stock.
Acquiring Marathon Oil can enhance ConocoPhillips' market position and financial performance, potentially leading to a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mueller Industries will move from the S&P SmallCap 600 to the S&P MidCap 400, which may increase visibility and demand for its shares.
Moving to the S&P MidCap 400 can increase a company's visibility and attract more investors, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Texas Pacific Land Corp. will join the S&P 500, replacing Marathon Oil. This inclusion may increase demand for TPL shares as index funds adjust their holdings.
Inclusion in the S&P 500 typically leads to increased demand for a company's stock as index funds that track the S&P 500 will need to purchase shares. This can lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100