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Sam Ro reports that Bloom Energy, Illumina, and Everpure are set to join the S&P 500 index, while Molson Coors, Trade Desk, and Builders FirstSource will be removed from the benchmark.
The index changes reflect adjustments in the composition of the S&P 500.
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Sam Ro previously reported a surge in S&P 500 stocks with negative beta, pointing to unusual risk profiles among index constituents. He also noted that 87% of 454 S&P 500 companies beat earnings estimates with a median surprise of 7%. The latest index changes come as ongoing developments continue to shape the S&P 500’s composition.