Barclays sees many potential candidates for S&P 500 inclusion tonight in the U.S. brokers, asset managers and exchanges group. At 5:15 PM ET tonight, the S&P will announce the results of its quarterly March rebalance, the analyst tells investors in a research note. Barclays believes seven of its stocks are potential candidates for S&P 500 Index inclusion: Ares Management (ARES), Coinbase (COIN), Robinhood (HOOD), Interactive Brokers (IBKR), LPL Financial (LPLA), Blue Owl Capital (OWL), and Tradeweb Markets (TW). The firm points out that stocks selected for index inclusion typically experience 7% gains into the first day of trading, making tonight’s event a potential catalyst for shares.
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