Benzinga - by Surbhi Jain, .
As June approaches, investors are eyeing potential additions to the S&P 500 index, looking for opportunities to ride the wave of hype and speculation.
Possible SP500 Inclusions June 20th?byu/breakyourteethnow instocks
Redditor breakyourteethnow anticipates Palantir Technologies Inc (NYSE:PLTR) to gain momentum amid S&P 500 inclusion speculation. “I believe PLTR hype will begin for SP500 inclusion which will play that run-up. Playing the rumor, not the news scenarios basically,” they said.
While some, like Palantir, are already on the radar, others are just starting to garner attention. Redditor Responsible-Point421 suggests AppLovin Corp (NASDAQ:APP) as a potential contender, noting the lack of concrete information but highlighting the speculative buzz.
This aligns with breakyourteethnow’s strategy of playing the rumor, not the news.
However, seasoned investors like JafarFromAfar2 warn against unrealistic expectations. They point out that companies like DoorDash Inc (NASDAQ:DASH), despite their growth, may not be eligible due to profitability requirements for S&P 500 inclusion. This underscores the importance of thorough research and understanding the index’s criteria.
Others, like Key-Mark4536, focus on companies that have grown substantially and could potentially overtake some of the current S&P 500 members. Their list includes DoorDash, Ares Management Corp (NYSE:ARES), Block Inc (NYSE:SQ), Datadog Inc (NASDAQ:DDOG), and Pinterest Inc (NYSE:PINS), highlighting the dynamic nature of the index and the opportunities it presents for both investors and companies striving for inclusion.
As speculation mounts and rumors swirl, one thing is clear: strategic planning and staying informed are key to capitalizing on the potential S&P 500 Index inclusion hype. Key ETFs that would be affected along with the rebalancing are the S&P 500 index-tracking SPDR S&P 500 ETF (NYSE:SPY), the iShares Core S&P 500 ETF (NYSE:IVV) and the Vanguard S&P 500 ETF (NYSE:VOO).
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