The S&P 500 (SPX) rebalances every quarter, with the next rebalancing announcement scheduled for Friday after the market close, effective as of December 19. To be added to the index, companies must meet several requirements, such as a market capitalization of at least $22.7 billion, a minimum monthly trading volume of at least 250,000 shares during the past six months, and a primary listing on a U.S. exchange.
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KBW analyst Shreyank Gandhi believes that Vertiv Holdings (VRT), CRH (CRH), Alnylam Pharmaceuticals (ALNY), and Ares Management (ARES) are strong contenders for inclusion, citing their large market caps. Gandhi also highlights Carvana (CVNA), SoFi Technologies (SOFI), and Strategy (MSTR) as potential additions.
Comfort Systems, Pure Storage, and Ciena Among Possible S&P 500 Additions
Stephens analyst Melissa Roberts notes that the fourth quarter has historically seen the lowest rebalance turnover, although she believes that Comfort Systems (FIX), Pure Storage (PSTG), and Ciena (CIEN), the three largest companies in the S&P Midcap 400 Index, are eligible candidates. Like Gandhi, Roberts also suggests that CVNA, CRH, ALNY, and ARES could be considered for inclusion.
Robinhood (HOOD), AppLovin (APP), and EMCOR Group (EME) were added to the benchmark index during the previous rebalancing in September.
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