Non-Asset Based Trucker C.H. Robinson To Join S&P 500

We’ve always felt that the non-asset based transportation names were the ones to watch. Now it’s official, as anyone who benchmarks performance against the S&P 500 (which is to say practically everyone) will have to keep an eye on them. CH Robinson Worldwide to Join S&P 500:

Standard & Poor’s said Monday freight forwarder CH Robinson Worldwide Inc. (CHRW) will replace Health Management Associates Inc. in its widely followed S&P 500 index on Thursday.

We’ve seen that changes in the Dow are often turning points for the stocks involved, but we haven’t heard of such a relationship regarding the S&P 500 (anyone care to enlighten us?) At any rate, with the stock near its 52-week high shareholder’s are likely hoping it is a signal for even better things to come.

CHRW 1-yr chart: