In today’s briefing:
- S&P500/400/600 Index Rebalance: DASH In as Stability Trumps Volatility
- Weekly Update (IDT, RHLD, SNRE, SNDK)
S&P500/400/600 Index Rebalance: DASH In as Stability Trumps Volatility
- There are 4 changes for the S&P 500 INDEX, 6 changes for the S&P Midcap400 Index and 14 changes for the S&P SmallCap600 Index at the March rebalance.
- DoorDash (DASH US) was newly eligible after meeting the profitability criterion, while AppLovin (APP US), Coinbase Global (COIN US) and Interactive Brokers Group, Inc (IBKR US) were overlooked again.
- There will be more same-way flow for the S&P 500 INDEX (SPX INDEX) adds and deletes from the Select Sector index trackers.
Weekly Update (IDT, RHLD, SNRE, SNDK)
There were no new spin-off announcements this week.
The Middleby Corporation (MIDD) announced its plan to spin off its food processing business on February 25, 2025.
This strategic move aims to allow Middleby to concentrate on its core commercial foodservice and residential kitchen equipment sectors, while enabling the new entity to focus exclusively on food processing operations.
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