US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/seagate-technology-holdings-pl" target="_blank" data-smartkarma-citation="entities:9129:1" rel="noopener">Seagate Technology (STX US)</a>, <a href="https://www.smartkarma.com/entities/alnylam-pharmaceuticals-inc" target="_blank" data-smartkarma-citation="entities:2191:1" rel="noopener">Alnylam Pharmaceuticals (ALNY US)</a> and <a href="https://www.smartkarma.com/entities/western-digital-corp" target="_blank" data-smartkarma-citation="entities:1094:1" rel="noopener">Western Digital (WDC US)</a> are the top forecasted additions with the highest price surge.</li>
<li>
<a href="https://www.smartkarma.com/entities/trade-desk-inc-the" target="_blank" data-smartkarma-citation="entities:26467:1" rel="noopener">Trade Desk (TTD US)</a>, <a href="https://www.smartkarma.com/entities/on-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:2729:1" rel="noopener">On Semiconductor (ON US)</a> and <a href="https://www.smartkarma.com/entities/lululemon-athletica-inc" target="_blank" data-smartkarma-citation="entities:8316:1" rel="noopener">Lululemon Athletica (LULU US)</a> are the forecasted deletions with the largest price drop.</li>
<li>
<a href="https://www.smartkarma.com/entities/ferrovial-se-d1237de2-ee34-4fbb-8db7-53dd686904f2" target="_blank" data-smartkarma-citation="entities:46086:1" rel="noopener">Ferrovial (FER US)</a> can be a surprise addition depending on the treatment of its foreign listing.</li>
</ul>



Seagate Technology (STX US), Alnylam Pharmaceuticals (ALNY US) and Western Digital (WDC US) are the top forecasted additions with the highest price surge.

Trade Desk (TTD US), On Semiconductor (ON US) and Lululemon Athletica (LULU US) are the forecasted deletions with the largest price drop.

Ferrovial (FER US) can be a surprise addition depending on the treatment of its foreign listing.


Nasdaq100 December 2025 Forecast (Final): 12 Changes

European Event-Driven Analyst

Jesus Rodriguez Aguilar

<ul>
<li>Ferrovial sits in a strong position for Nasdaq-100 second-round inclusion, with several incumbents likely to drop below rank 125.</li>
<li>Inclusion could trigger ~$315M passive inflows and broaden U.S. investor ownership.</li>
<li>Fundamentals already reflect a U.S.-centric infra operator, supported by JFK NTO and toll-road ramp-ups through 2027.</li>
</ul>


Ferrovial sits in a strong position for Nasdaq-100 second-round inclusion, with several incumbents likely to drop below rank 125.
Inclusion could trigger ~$315M passive inflows and broaden U.S. investor ownership.
Fundamentals already reflect a U.S.-centric infra operator, supported by JFK NTO and toll-road ramp-ups through 2027.


Positioned for the Upgrade: Ferrovial’s Path Into the Nasdaq-100

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>CDW Corporation's second quarter financial results for 2025 showcased a balance of solid performance alongside the challenges posed by a dynamic market landscape.</li><li>The company reported consolidated net sales of $6 billion, marking a 10% increase over the same period last year.</li><li>Gross profit rose by 5% to $1.2 billion, and non-GAAP net income per share increased 4% to $2.60.</li></ul>

CDW Corporation's second quarter financial results for 2025 showcased a balance of solid performance alongside the challenges posed by a dynamic market landscape.The company reported consolidated net sales of $6 billion, marking a 10% increase over the same period last year.Gross profit rose by 5% to $1.2 billion, and non-GAAP net income per share increased 4% to $2.60.

CDW Expands End-to-End IT Solutions—But Where Does It Stand In The Digital Race?

<ul><li>The earnings for CDW Corporation's first quarter of 2025 highlights several key aspects of its performance and outlook.</li><li>With detailed comments from management, the company presents a mixed set of results and expectations amid a dynamic market environment.</li><li>Starting with the positives, CDW reported a robust start to the year with net sales increasing by 8% year-over-year to $5.2 billion.</li></ul>

The earnings for CDW Corporation's first quarter of 2025 highlights several key aspects of its performance and outlook.With detailed comments from management, the company presents a mixed set of results and expectations amid a dynamic market environment.Starting with the positives, CDW reported a robust start to the year with net sales increasing by 8% year-over-year to $5.2 billion.

CDW Corporation: A Closer Look At Its End-Market Growth & Diversification & Other Major Drivers!

<ul><li>CDW's fourth-quarter and full-year results for 2024 exhibit a mixed performance amid challenging market conditions.</li><li>On the positive side, CDW reported fourth-quarter net sales of $5.2 billion, demonstrating a 5% growth compared to 2023 on an average daily sales basis.</li><li>This growth in sales was driven by an uptick in hardware demand, particularly in areas like client devices, networking communication (NetComm), and storage, which increased by mid-single digits.</li></ul>

CDW's fourth-quarter and full-year results for 2024 exhibit a mixed performance amid challenging market conditions.On the positive side, CDW reported fourth-quarter net sales of $5.2 billion, demonstrating a 5% growth compared to 2023 on an average daily sales basis.This growth in sales was driven by an uptick in hardware demand, particularly in areas like client devices, networking communication (NetComm), and storage, which increased by mid-single digits.

CDW’s Cloud Takeover: Can It Dominate In The SaaS Domain?

United States

CDW Corporation of Delaware provides information technology products and services. The Company offers hardware, software, computer peripherals, cloud computing, mobile devices, network communication, and security solutions. CDW serves business, government, education, and healthcare customers throughout North America.

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Cdw Corp/De (CDW US)

Nasdaq100 December 2025 Forecast (Final): 12 Changes

STX, ALNY, WDC are the top forecasted addition. TTD, ON, LULU are the top forecasted deletions. FER can be a surprise addition displacing EBAY.

Dimitris Ioannidis

Positioned for the Upgrade: Ferrovial’s Path Into the Nasdaq-100

Ferrovial is a credible Nasdaq-100 entrant with ~$315M passive inflow potential. U.S. assets, liquidity and growth drivers support ongoing re...

Jesus Rodriguez Aguilar

CDW Expands End-to-End IT Solutions—But Where Does It Stand In The Digital Race?

CDW Corporation's second quarter financial results for 2025 showcased a balance of solid performance alongside the challenges posed by a dynamic...

Baptista Research

CDW Corporation: A Closer Look At Its End-Market Growth & Diversification & Other Major Drivers!

The earnings for CDW Corporation's first quarter of 2025 highlights several key aspects of its performance and outlook. With detailed comments...

Baptista Research

CDW’s Cloud Takeover: Can It Dominate In The SaaS Domain?

CDW's fourth-quarter and full-year results for 2024 exhibit a mixed performance amid challenging market conditions. On the positive side, CDW...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Nasdaq100 December 2025 Forecast (Final): 12 Changes

​STX, ALNY, WDC are the top forecasted addition. TTD, ON, LULU are the top forecasted deletions. FER can be a surprise addition displacing EBAY.

Dimitris Ioannidis

Positioned for the Upgrade: Ferrovial’s Path Into the Nasdaq-100

Ferrovial is a credible Nasdaq-100 entrant with ~$315M passive inflow potential. U.S. assets, liquidity and growth drivers support ongoing re...

Jesus Rodriguez Aguilar

CDW Expands End-to-End IT Solutions—But Where Does It Stand In The Digital Race?

CDW Corporation's second quarter financial results for 2025 showcased a balance of solid performance alongside the challenges posed by a dynamic...

Baptista Research

CDW Corporation: A Closer Look At Its End-Market Growth & Diversification & Other Major Drivers!

The earnings for CDW Corporation's first quarter of 2025 highlights several key aspects of its performance and outlook. With detailed comments...

Baptista Research

CDW’s Cloud Takeover: Can It Dominate In The SaaS Domain?

CDW's fourth-quarter and full-year results for 2024 exhibit a mixed performance amid challenging market conditions. On the positive side, CDW...

Baptista Research

STX, ALNY, WDC are the top forecasted addition. TTD, ON, LULU are the top forecasted deletions. FER can be a surprise addition displacing EBAY.