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LyondellBasell (LYB) will replace Sears (SHLD) in the S&P 500 after the close of trading...

LyondellBasell (LYB) will replace Sears (SHLD) in the S&P 500 after the close of trading next Tuesday. Sears' public float has been well below the 50% threshold for inclusion for an extended period of time and is no longer considered representative of the index, S&P says. SHLD -3%, LYB +3% AH.
Comments (11)
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    What's next.......the Pink Sheets.
    29 Aug 2012, 09:33 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    Looks like we are going to get another bear raid.

     

    Look out below.
    29 Aug 2012, 09:34 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    What a blow.
    We may get massive selling on this.
    29 Aug 2012, 09:34 PM Reply Like
  • Micah
    , contributor
    Comments (478) | Send Message
     
    whenever a stock gets added to the S&P, there is always much speculation about how the stock will roar. Never happens.

     

    I suspect it will be no different when the stock gets removed either.

     

    It will be a non-event after tomorrow.
    29 Aug 2012, 10:09 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    Some mutual funds have to buy stocks that are with the S&P if they are no longer listed they must sell.

     

    Also, it simply does not look good that a company is no longer with the index couple that with other events you will get a sell off.

     

    You can look at this as a buying opportunity.
    30 Aug 2012, 07:10 AM Reply Like
  • Micah
    , contributor
    Comments (478) | Send Message
     
    Berkshire Hathaway went 45 years without being in the S&P500 and was just added in 2010. I think Sears will be fine.
    30 Aug 2012, 07:55 AM Reply Like
  • berniespear
    , contributor
    Comments (234) | Send Message
     
    LYB had a great year long run. Made some good money with a good dividend. I'm out since last month but glad to see it make it into the Dow.

     

    Probably will never buy it again though...
    30 Aug 2012, 01:07 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    Down already over $2.00 after hours last night.
    30 Aug 2012, 07:09 AM Reply Like
  • Micah
    , contributor
    Comments (478) | Send Message
     
    The reason they are being removed is because their public float is too small. I think this is positive and I want more of it. Keep shrinking that float!
    30 Aug 2012, 07:57 AM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    True Micah,

     

    However, the sell off must come due to funds having no choice and remember they must file first so there is more to come.

     

    Also, you have reporters simply posting that Sears was ousted from the S&P stating they did not meet requirements and not telling the reason being about the float.
    30 Aug 2012, 03:24 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    The traders are just going to sell on this news.
    30 Aug 2012, 06:00 PM Reply Like
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