S&P 500: Out with Technology, In with Financial

On Friday, Standard & Poor's announced that Unisys Corp. (UIS) would be replaced in the S&P 500 Index by People’s United Financial Inc. (PBCT). The UIS will be removed after the close of trading on November 10 and PBCT will be added after the close of trading on November 12. Could this be a contrarian indicator, indicating more favorable returns for technology?

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Comments

[MarvinMBA:]

Well, certainly the financials have had their day in the sink hole...perhaps this is telling us that the worst might be over and there is some light at the end of the tunnel. I suppose a company like GE with both intrastructure technolgy and finance could be the most likely candidate for a recovery.......MarvinM...

2008 Nov 09 11:06 AM

[Philip Obal:]

Unisys has struggled off and on for years. Ask any IT Professional that is 40 years or older. More realistically, S&P sees more stock price acceleration in PBCT (for the 1 year short term perspective). When banks recover, the solid ones (PBCT?) will be moving up SHARPLY!

2008 Nov 10 10:07 AM

[Confident U...:]

It´ll be big again… soon. Just wait!

2008 Nov 12 10:37 AM