AppleInsider StaffThe consumer electronics maker will replace MedImmune Inc., a biotechnology company being acquired by Anglo-Swedish group AstraZeneca Plc.
The S&P 100, a subset of the S&P 500, is comprised of 100 leading U.S. stocks with exchange-listed options.
Constituents for the index, known by the ticker symbol OEX, are selected for sector balance and represent about 57 percent of the market capitalization of the S&P 500. S&P 100 companies also account for almost 45 percent of the market capitalization of the U.S. equity markets.
Stocks in the S&P 100 are generally among the largest and most established companies in the S&P 500. In past years, turnover among stocks in the S&P 100 has been even lower than the turnover in the S&P 500.
Charles Martin
Malcolm Owen
William Gallagher
Christine McKee
Wesley Hilliard
Andrew Orr
26 Comments
A company is listed when there is room because of a de-listing. Otherwise the companies on the index are there for a long time. Only companies that are believed to be stable are added. If a company is no longer considered to be representitive of the indusrty, it is dropped.
So what is pushing Apple's price to beyond $120? Is it the imminent release of the iPhone? Does that mean the stock will drop in the weeks after the iPhone release. Then Apple again becomes a sub $100 billion company and then drops out of the S&P 100. Its going to take more to get Apple to $150 or even the $225 some analysts have predicted, I think.
So what is pushing Apple's price to beyond $120? Is it the imminent release of the iPhone? Does that mean the stock will drop in the weeks after the iPhone release. Then Apple again becomes a sub $100 billion company and then drops out of the S&P 100. Its going to take more to get Apple to $150 or even the $225 some analysts have predicted, I think.
Perhaps some of the increase occurs as index funds move to match the weighting of the OEX with their funds by buying Apple Stock. Good for AAPL.
It is not an "invitation" to join (as the headline suggests) but rather, "will" join (as the text suggests). Apple has little say in matter!
So what is pushing Apple's price to beyond $120? Is it the imminent release of the iPhone? Does that mean the stock will drop in the weeks after the iPhone release. Then Apple again becomes a sub $100 billion company and then drops out of the S&P 100. Its going to take more to get Apple to $150 or even the $225 some analysts have predicted, I think.
it's several things. iPhone release is one thing, Analyst rating increases demand among buyers, and Apple's quarterly profit report would be another thing.
but most importantly, it's profit.