Seeking Alpha

Facebook, Alliance Data, Mohawk joining S&P 500

  • Better a week late than never. Facebook (FB) will be joining the S&P 500 following the Dec. 20 close, and will also be added to the S&P 100. The social networking giant is replacing test equipment vendor Teradyne (TER).
  • Alliance Data Systems (ADS) and Mohawk Industries (MHK) are also joining the S&P 500 following the Dec. 20 close. They're replacing Abercrombie & Fitch (ANF) and JDS Uniphase (JDSU).
  • FB +3.9% AH. MHK +2.4%. ANF -0.8%. JDSU -0.6%.
Comments (7)
  • Brian Bobbitt
    , contributor
    Comments (1953) | Send Message
     
    Better buy FB now, it is gonna fly! Got mine at 42
    Capt. Brian
    The Lost Navigator
    11 Dec 2013, 05:45 PM Reply Like
  • 14354582
    , contributor
    Comments (36) | Send Message
     
    Start at 38 and got more. Next earning release will be boosting point! - I wish~
    11 Dec 2013, 11:15 PM Reply Like
  • hneumann
    , contributor
    Comments (624) | Send Message
     
    Could fly, but not because FB will be in the S&P 500. GGP entered it one week ago (when they expected FB), but the stock is only a fraction higher now.
    11 Dec 2013, 07:35 PM Reply Like
  • markmwright
    , contributor
    Comments (12) | Send Message
     
    Will fly because Facebook is in the SP 500 and SP100 I'm long 17Jan2015 calls BLUE SKY ahead. All funds that haven't rebalanced will in both indexes.
    11 Dec 2013, 10:03 PM Reply Like
  • mirage12
    , contributor
    Comments (98) | Send Message
     
    RBC bank has teamed up with FB to allow secure money transfers via FB Messanger. Hopefully just the first in a long list of banks.
    11 Dec 2013, 10:15 PM Reply Like
  • ErvisV
    , contributor
    Comments (5) | Send Message
     
    Capt Brian what are your thoughts on the value of $FB than?
    Lets say years end 2014?
    11 Dec 2013, 10:16 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (6700) | Send Message
     
    tomorrow will be the time to sell if it starts up 3%.
    11 Dec 2013, 10:40 PM Reply Like
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