Changes are coming to the S&P 500 and Wall Street speculates these stocks could be added

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 19 min. at publisher
  • 📊 Quality Score:
  • News: 70%
  • Publisher: 72%

Investment Strategy News

Stock Markets,BOK Financial Corp,AXIS Capital Holdings Ltd

These stocks could be poised to join the S&P 500 when the broad index undergoes its next quarterly rebalance, according to some Wall Street analysts.

These stocks could be poised to join the S & P 500 when the broad index undergoes its quarterly rebalance next month, according to some Wall Street analysts. Along with the esteem, there are some major benefits to inclusion in the index, with Barclays analyst Ramsey El-Assal noting that newly incorporated names experience 7.7% upside on average during the first trading day.

" A potential merger and acquisition of an existing member of the index may also create an opening for the stock, he added. SQ YTD mountain Shares this year Shares of Block have slumped about 8% this year, with the firm's $100 price target implying nearly 40% upside, as of Wednesday's close. Barclays holds an overweight rating on shares.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street Dips to Send S&P 500 to 4th Day of LossesSinking technology stocks sent Wall Street lower again, and the S&P 500 fell to its fourth straight loss. The index dipped 0.6% Wednesday for its longest losing streak since early January.
Source: NEWSMAX - 🏆 16. / 71 Read more »

It's been a great run for Wall Street, but Main Street is feeling left outSmall business owners across the country say a 2024 economy and stock market that have been chugging along have left them behind.
Source: nbcsandiego - 🏆 524. / 51 Read more »