根据标准普尔道琼斯指数的信息， With the Standard & Poor's Dow Jones Industrial Average planning to expand new members, some strong candidate companies have emerged in the market, including companies like Workday and Coinbase, which are also seen as potential new members.
The Dow Jones Industrial Average usually includes large companies only after they meet profit standards, and is expected to add more companies in the coming months.
Who will be the next to enter the S&P 500 index? Some top candidates include$Apollo Global Management (APO.US)$and$Workday (WDAY.US)$N/A.$The Trade Desk (TTD.US)$and $Coinbase (COIN.US)$.
According to information from the S&P Dow Jones Indices, $Dell Technologies (DELL.US)$N/A.$Palantir (PLTR.US)$And.$Erie Indemnity (ERIE.US)$Will be added to the S&P 500 index before the trading starts on September 23. The news was announced after Friday's closing.
The Dow Jones Industrial Average usually includes large companies only after they meet profit standards.
Dell and Palantir are the two largest companies not in the S&P 500 Index before joining, with market caps of $72 billion and $68 billion respectively. On Monday, both companies' stocks rose, with Dell up 3.8% to $105.89 and Palantir up 14.1% to $34.60. However, Erie Indemnity fell by 0.6% to $503.19.
Currently, Workday and Apollo are top companies with market caps of $67 billion and $61 billion respectively, not in the index.
Considering the scale, profitability, and as one of the largest alternative asset management companies only after KKR and Blackstone Group, it is expected that Apollo may join the S&P 500 index in the next six months. Blackstone joined the index in 2023, while KKR joined earlier this year. Apollo also operates a large insurance company and is a significant pension provider.
Workday may also be included because it is a leading software provider.
With a market cap of $57 billion$Marvell Technology (MRVL.US)$Due to the inability to achieve profitability according to Generally Accepted Accounting Principles (GAAP), it may take longer to enter the index. Standard & Poor's requires companies to achieve GAAP profitability based on cumulative profit in the last four quarters and achieve profitability in the latest quarter to meet inclusion criteria.
Many technology companies, especially software companies, achieve profitability through non-GAAP methods, which include stock-based compensation as earnings but do not show profitability based on GAAP. This treatment typically treats restricted stocks or options as expenses.
With a market cap between $30 billion and $50 billion. $Coinbase (COIN.US)$Please use your Futubull account to access the feature.$The Trade Desk (TTD.US)$ and $Ferguson (FERG.US)$ It has also become a candidate for the S&P 500 index due to its size and profitability.
Standard & Poor's requires companies to be registered in the U.S. and have a market cap of at least $18 billion to be included in the S&P 500, S&P MidCap 400, and S&P SmallCap 600. Ferguson relocated its registration from the UK to the U.S. a month ago, so it seems to meet the inclusion criteria.
Standard & Poor's sometimes adds large companies from the S&P MidCap 400 to the S&P 500, like Erie Indemnity Company, but currently apart from$Carlisle Companies (CSL.US)$few medium-sized companies, such as
Standard & Poor's does not allow business development companies and master limited partnerships to join the S&P 500 and the mid-cap and small-cap indices, which makes for a small number$Enterprise Products (EPD.US)$Excluded from the group.
Editor/Lambor
