Hood Stock Latest News: Will Robinhood or Applovin fill the open point in the S&P 500 index after Chevron-Hess Shakeup?
Robinhood and Applovin, S&P 500 Eyes are in addition in spotlight
After Chevron completed his acquisition of HESS on Friday, a rare opening in the prestigious S&P 500 index appeared, and now, according to a Barron’s report, which company will fill. Based on market speculation, both Robinhood and Applovin are strong competitors, as Barron has reported.
According to the report, there are speculations that both companies can join S&P 500 because they are the largest US companies based on market value that is currently not in the criterion index.
California -based mobile technology firm Applovin is worth 123 billion dollars, California -based popular trade platform Robinhood, as reported by Barron’s, is about $ 93 billion worth of. According to the report, despite large market capitations, no company is currently in S&P 500.
Both stocks spread to early trade on Friday, Robinhood increased by more than 4%, and Applovin won over 3%, because investors seem to come together to join the comparison index, according to Barron’s report.
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What directs speculation?
But speculation is not just random. According to the report, S&P Dow Jones Indications, which manages the S&P 500 index, will recently add a commercial table that runs an online advertising platform and will participate in the index on Friday.
S&P Dow Jones Indices announced the addition of a commercial table on July 14, which will close the Ansys agreement on July 17, as Synopsys has reported by Barron’s.
According to the report, S&P Dow Jones Indices announced that Hess has replaced Hess a former founder in S&P 500.
According to Barron’s report, S&P Dow Jones IndiCes has a big word about which companies want to add to S&P 500, but it does not mention the reasons why certain ones are added. However, according to the report, there is a model of adding the largest companies that are often not in the index.
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Are there any other candidates?
However, except for Robinhood and Applovin, other potential candidates to be added to the index include Carvana, Ares Management and Chenere Energy, because even these three companies are among the largest companies without Barron’s report.
Cheniere can have a higher chance compared to Carvana and Ares Management, because it is an energy company and has a market value similar to Hess according to the report. According to the report, Cheniere operates a large -liquefied natural gas facility and a large exporter of fuel, the stock has increased by more than 5% in early transactions on Friday.
How does S & P make these decisions?
According to Barron’s analysis, S&P Dow Jones indices sometimes replace a company in the same sector and also wrote that “technology and financials are sufficiently represented according to their agriculture in the general stock market that may mean that a technology or finance company will be added.”
FAQ
What’s going on with Robinhood and Applovin?
They can be added to S&P 500 and investors are excited about probability.
From where Are people now talking about S&P 500?
Chevron bought Hess and created an open home in the criterion directory.
