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Lonelypumpkins on Nostr: TIL: Nasdaq-100 is a stock index that holds the top 100 non-financial companies ...
TIL: Nasdaq-100 is a stock index that holds the top 100 non-financial companies listed on Nasdaq. This index is tracked by many passive index funds, notably mega-ETF QQQ. Being in this list is a big deal for a publicly traded company, as it means that lots of funds will be buying their shares irrespective of price/PE/opinion, because they have to own what's in the index. The index is reassessed periodically (quarterly?) for who belongs and who doesn't, and they have 3 substitutions this month.
In: Microstrategy, Palantir, and Axon Enterprise
Most of you are familiar with MSTR. Palantir sells spyware, and Axon is a tech/weapons company whose best seller is the Taser.
Out: Illumina, Super Micro Computer, and Moderna.
Illumina develops genetic research products, SMCI makes AI hardware, and Moderna was one of two companies who brought COVID vaccines to market.
I'm getting a kick out of this info, for reasons I can't quite articulate.
In: Microstrategy, Palantir, and Axon Enterprise
Most of you are familiar with MSTR. Palantir sells spyware, and Axon is a tech/weapons company whose best seller is the Taser.
Out: Illumina, Super Micro Computer, and Moderna.
Illumina develops genetic research products, SMCI makes AI hardware, and Moderna was one of two companies who brought COVID vaccines to market.
I'm getting a kick out of this info, for reasons I can't quite articulate.