Composition Changes to the S&P 500 (Q1 2024)
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What we’re showing
Upcoming changes to the S&P 500 index, which will be effective on March 18, 2024.
The additions
Super Micro Computer has been one of the hottest stocks of 2024, climbing 276% YTD as of March 4, 2024. Over the 1-year period, it has rallied 993%.
The company focuses on server and computer infrastructure, and has benefitted greatly from the AI boom.
Meanwhile, Deckers Outdoor (known as Deckers Brands) is also joining the S&P 500. The company earned over $3.6B in revenue in 2023, and owns footwear brands like UGG and Teva.
The exclusions
Leaving the S&P 500 is Whirpool Corporation, a U.S. manufacturer of home appliances. The company owns brands like Maytag and KitchenAid, in addition to the flagship Whirpool brand. Whirlpool’s stock has fallen 22% over the 1-year period ending March 4, 2024.
Also leaving the index is Zions Bancorporation, a Salt Lake City-based bank.
Dataset
Action | Company | Ticker | GICS Sector | Market Cap (USD billions) | 1 Yr Performance (%) |
---|---|---|---|---|---|
Addition | Super Micro Computer | SMCI | Information Technology | 60 | 993 |
Addition | Deckers Outdoor | DECK | Consumer Discretionary | 23.7 | 114 |
Deletion | Whirlpool | WHR | Consumer Discretionary | 5.8 | -22 |
Deletion | Zions Bancorporation | ZION | Financials | 5.8 | -20 |
All figures as of March 4, 2024 |