Mega-cap tech stocks have gotten so big that the Nasdaq 100 is about to undergo a 'special rebalance' to address overconcentration
The 2023 rebalance announcement was"driven by Tesla's week-ago rally, causing the constituents weighting > 4.5% to exceed 48% of the index.
Their collective weight will be down-sized to 40%," Harvey said in a recent note, adding that the biggest losers will be Apple and Microsoft, which should see their weight fall by almost 2% each."We believe this liquidity event dents, but does not break, the longer-term uber-cap trend... as long as the economy remains in a malaise , rather optimistic valuation premiums and growth estimates are difficult to refute," he said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Weekly Forex Forecast \u2013 NASDAQ 100 Index, GBP/USD, USD/JPYThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction. Get our weekly Forex forecast here:
Consulte Mais informação »
Market heavyweights dip ahead of Nasdaq 100 rebalanceShares of Apple , Microsoft and other heavyweight companies dipped on Monday after Nasdaq Inc said it would rebalance its Nasdaq 100 index to address the benchmark's 'overconcentration.'
Consulte Mais informação »
CNBC Daily Open: Red hot techOn Friday, Nasdaq will announce changes to the weighting of component stocks in its popular Nasdaq 100 Index, which has surged about 37% year to date.
Consulte Mais informação »
Instagram’s Threads surpasses 100 million usersBut will the users stick around?
Consulte Mais informação »
Meta's Threads races to 100 million users in under a week | EngadgetMeta made it super easy for people to sign up to its new app Threads through Instagram.
Consulte Mais informação »
Instagram's Threads has close to 100 million subscribers after launching five days agoInstagram's Twitter competitor Threads now has close to 100 million subscribers after launching five days ago.
Consulte Mais informação »