Published 5:00 am CDT, Wednesday, October 31, 2018 Ask the Fool Reorganizing the S&P 500 Q: I heard that the S&P 500 recently reorganized itself. What does that mean? -- A.B., Winona, Minn. A: The Standard & Poor's 500 index of 500 big companies is adjusted regularly, with some companies being removed from the index while others are added to replace them. For example, Twitter was added to the index in June to replace Monsanto, as Monsanto was being acquired by the German company Bayer and would no longer be a stand-alone company or stock. The index recently underwent a bigger transformation than usual, though, as it changed how it classifies and groups certain companies. Gone is the Telecoms sector, replaced by a new Communications Services sector. The new sector will contain not only companies that provide various communication platforms but also companies offering media content. Some of its components will be Comcast, AT&T, Verizon Communications, Walt … [Read more...] about Ask the Fool: What’s with the S&P 500 reorganization?
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Lily Katz Bloomberg Published 11:35 AM EDT Sep 28, 2018 Twitter Inc. is on track to seize a title no company wants: the worst performer in the S&P 500 Index. If shares of the social-media giant hold at their current level through today’s close, they will end the third quarter with a loss of about 34 percent. That would be worse than any other company in the S&P 500. Twitter’s tough quarter was set off by a disappointing earnings report. The stock plunged the most in four years after the firm said in July that monthly users had dropped by 1 million in the second quarter and predicted further declines as it fights against spam, fake accounts and malicious rhetoric. Shares sunk further earlier this month after an analyst at MoffettNathanson flagged “smoke and mirrors” in the company’s expense reporting. Short interest has risen to almost 8 percent of float, according to data from financial-analytics firm S3 Partners, which compares to under 5 … [Read more...] about Twitter on pace to be biggest S&P 500 loser for 3Q
(Reuters) - The S&P 500 inched toward a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the strength in the U.S. economy. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July 31, 2018. REUTERS/Lucas Jackson The S&P 500 last closed at a record high on Jan. 26, and a new peak would reassure investors who have worried in recent months that almost a decade of gains on Wall Street might be ending. A sharp rally in tech stocks has already helped Nasdaq recover much faster than the broader markets from a selloff in February, hitting a record high late last month. “We might hit the record and blow through it. As long as there are still strong earnings and there are no corporate blow-ups, there’s nothing that says we have to stop. Momentum can go on for a long time,” said Liz Young, Senior Investment … [Read more...] about Amazon and Alphabet push S&P 500 closer to record high
NEW YORK (Reuters) - Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars. Apple Inc (AAPL.O) extended its post-earnings rally, gaining 2.9 percent and pushing its market value across the trillion-dollar threshold. “It’s a good sign for the market and the economy,” said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh. “Because even though today we’re talking about the impact of trade or currency war, an issue with China, Apple, who makes most of their products in China, is hitting this.” The smartphone maker led the S&P technology index .SPLRCT 1.4 percent higher, the biggest percentage gainer among the 11 major sectors of the S&P 500. Among the other members of the so-called FAANG group of momentum stocks, Facebook Inc (FB.O) rose 2.7percent, Alphabet Inc (GOOGL.O) edged up … [Read more...] about S&P 500, Nasdaq rise as Apple hits $1 trillion mark
SAN FRANCISCO (Reuters) - Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 11, 2018. REUTERS/Brendan McDermid Investors are worried about the impact on earnings should the United States’ trade war with China and other major trading partners escalate. Deutsche Bank in June estimated that an escalation of the dispute to include $200 billion of imports would hit earnings growth by 1-1.5 percent. “If today’s political rhetoric intensifies and translates into actual protectionist policies, it will be a negative for all businesses in the U.S. and abroad, including ours,” Hamid Moghadam, chief executive of supply chain management company Prologis, warned on a conference call on Tuesday. Manufacturers across the country are … [Read more...] about Wall Street braces for tariff fallout as S&P 500 companies report