US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

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/marvell-technology-inc" target="_blank" data-smartkarma-citation="entities:15837:1" rel="noopener">Marvell Technology (MRVL US)</a> is the main candidate for addition from TMI but has a reduced probability of inclusion due to sector balance.</li>
<li>
<a href="https://www.smartkarma.com/entities/flex-ltd" target="_blank" data-smartkarma-citation="entities:36680:1" rel="noopener">Flex (FLEX US)</a> and <a href="https://www.smartkarma.com/entities/technipfmc-plc-2f8326ad-9188-44ca-bada-c9b9144835fd" target="_blank" data-smartkarma-citation="entities:13457:1" rel="noopener">TechnipFMC (FTI US)</a> are in MidCap and the top candidates for addition based on high eligibility scores.</li>
<li>
<a href="https://www.smartkarma.com/entities/flex-ltd" target="_blank" data-smartkarma-citation="entities:36680:1" rel="noopener">Flex (FLEX US)</a> is projected for double inclusion to S&amp;P500 and Nasdaq100 on 19 June.</li>
</ul>



Marvell Technology (MRVL US) is the main candidate for addition from TMI but has a reduced probability of inclusion due to sector balance.

Flex (FLEX US) and TechnipFMC (FTI US) are in MidCap and the top candidates for addition based on high eligibility scores.

Flex (FLEX US) is projected for double inclusion to S&amp;P500 and Nasdaq100 on 19 June.


S&P500 June 2026 Forecast: FLEX, FTI & MTZ Leading the Pack

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>Flex Ltd. reported strong financial performance for the fourth quarter and fiscal year 2026, marked by revenue growth, improved margins, and strategic developments.</li><li>Fourth quarter revenue increased 17% year-over-year to $7.5 billion, with adjusted gross margin reaching a record 9.9%, up 50 basis points.</li><li>Adjusted operating income rose to $500 million, yielding operating margins of 6.7%, also up 50 basis points.</li></ul>

Flex Ltd. reported strong financial performance for the fourth quarter and fiscal year 2026, marked by revenue growth, improved margins, and strategic developments.Fourth quarter revenue increased 17% year-over-year to $7.5 billion, with adjusted gross margin reaching a record 9.9%, up 50 basis points.Adjusted operating income rose to $500 million, yielding operating margins of 6.7%, also up 50 basis points.

Flex’s Google-Backed CPI Surge: 65%–75% Growth Could Reshape The Story!

Index Rebalance and Special Situations Coverage, Quiddity Advisors

Anjana Amarasuriya

Index Rebalance and Special Situations Coverage

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>The SP 500 index tracks the 500 largest (mostly profitable) US-listed names and is one of the most highly-tracked indices in the world.</li>
<li>We expect 2 changes during the June 2026 index rebal event, with a possible intra-review ADD before the regular rebalance announcement.</li>
<li>SP DJI has launched a public consultation on the Treatment of MegaCap Companies. No impact expected until next year, if adopted.</li>
</ul>


The SP 500 index tracks the 500 largest (mostly profitable) US-listed names and is one of the most highly-tracked indices in the world.
We expect 2 changes during the June 2026 index rebal event, with a possible intra-review ADD before the regular rebalance announcement.
SP DJI has launched a public consultation on the Treatment of MegaCap Companies. No impact expected until next year, if adopted.


Quiddity Leaderboard SP500/600 Jun26 Rebal: Base Date Is Only Two Weeks Away

<ul><li>Flex has entered a new phase in its portfolio transition after announcing a definitive agreement to acquire Electrical Power Products, or EP², in an all-cash transaction valued at roughly $1.1 billion, with about $0.1 billion of anticipated tax benefits reducing the effective after-tax value to around $1.0 billion.</li><li>The target brings more than 35 years of experience in engineered-to-order electrical power control and protection systems, including relay panels and modular integrated control buildings for utility, power generation, and industrial customers.</li><li>The timing matters.</li></ul>

Flex has entered a new phase in its portfolio transition after announcing a definitive agreement to acquire Electrical Power Products, or EP², in an all-cash transaction valued at roughly $1.1 billion, with about $0.1 billion of anticipated tax benefits reducing the effective after-tax value to around $1.0 billion.The target brings more than 35 years of experience in engineered-to-order electrical power control and protection systems, including relay panels and modular integrated control buildings for utility, power generation, and industrial customers.The timing matters.

Flex Acquisition Play: A $1 Billion Gamble On The Future Of Power & AI!

Alpha-Centric ESG Research

Kyle Rudden

<ul>
<li>The Monetary Authority of Singapore (MAS) recently launched a public consultation regarding a Code of Conduct for ESG ratings providers and ESG data product providers in Singapore.</li>
<li>It is the right approach for Singapore – a <em>voluntary</em> best-practices framework furthering one of the world's most credible "green" economies, not a regulatory force-fix of something broken.</li>
<li>No surprise ratings methodology changes. No <em>en masse</em> upgrades/downgrades. No acute shocks to the system. Just slow and steady progress for ESG investing and finance in Singapore.</li>
</ul>


The Monetary Authority of Singapore (MAS) recently launched a public consultation regarding a Code of Conduct for ESG ratings providers and ESG data product providers in Singapore.
It is the right approach for Singapore – a voluntary best-practices framework furthering one of the world's most credible "green" economies, not a regulatory force-fix of something broken.
No surprise ratings methodology changes. No en masse upgrades/downgrades. No acute shocks to the system. Just slow and steady progress for ESG investing and finance in Singapore.


Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

United States

Flex Ltd. operates as an electronics manufacturing services company. The Company designs and develops original design manufacturing (ODM) products for aerospace and defense, cloud, digital health, lighting, housing, energy, industrial, and communication industries. Flex serves customers worldwide.

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Flex (FLEX US)

S&P500 June 2026 Forecast: FLEX, FTI & MTZ Leading the Pack

MRVL faces reduced probability due to sector balance; FLEX and FTI are top candidates for addition based on high eligibility scores, with FLEX...

Dimitris Ioannidis

Flex’s Google-Backed CPI Surge: 65%–75% Growth Could Reshape The Story!

Flex Ltd. reported strong financial performance for the fourth quarter and fiscal year 2026, marked by revenue growth, improved margins, and...

Baptista Research

Quiddity Leaderboard SP500/600 Jun26 Rebal: Base Date Is Only Two Weeks Away

One intra-review SP 500 ADD slot in play ahead of the June 2026 rebalance. 2 regular ADDs and 2 DELs expected. Meanwhile, SP DJI's MegaCap...

Anjana Amarasuriya

Flex Acquisition Play: A $1 Billion Gamble On The Future Of Power & AI!

Flex has entered a new phase in its portfolio transition after announcing a definitive agreement to acquire Electrical Power Products, or EP², in...

Baptista Research

Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

Singapore's Code of Conduct for ESG ratings is more light-handed than other regulation-based approaches, but therein lies the "less risk and more...

Kyle Rudden

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

S&P500 June 2026 Forecast: FLEX, FTI & MTZ Leading the Pack

​MRVL faces reduced probability due to sector balance; FLEX and FTI are top candidates for addition based on high eligibility scores, with FLEX...

Dimitris Ioannidis

Flex’s Google-Backed CPI Surge: 65%–75% Growth Could Reshape The Story!

Flex Ltd. reported strong financial performance for the fourth quarter and fiscal year 2026, marked by revenue growth, improved margins, and...

Baptista Research

Quiddity Leaderboard SP500/600 Jun26 Rebal: Base Date Is Only Two Weeks Away

One intra-review SP 500 ADD slot in play ahead of the June 2026 rebalance. 2 regular ADDs and 2 DELs expected. Meanwhile, SP DJI's MegaCap...

Anjana Amarasuriya

Flex Acquisition Play: A $1 Billion Gamble On The Future Of Power & AI!

Flex has entered a new phase in its portfolio transition after announcing a definitive agreement to acquire Electrical Power Products, or EP², in...

Baptista Research

Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

Singapore's Code of Conduct for ESG ratings is more light-handed than other regulation-based approaches, but therein lies the "less risk and more...

Kyle Rudden

MRVL faces reduced probability due to sector balance; FLEX and FTI are top candidates for addition based on high eligibility scores, with FLEX...