A Fool Looks Back

I love the smell of index rebalancing in the morning.

The iconic S&P 500 announced a change to its components, replacing four of its laggards with four ascending stocks.

Cablevision (NYSE: CVC  ) , F5 Networks (Nasdaq: FFIV  ) , Netflix (Nasdaq: NFLX  ) , and Newfield Exploration (NYSE: NFX  ) are the four additions. The cable provider, networking specialist, movie-delivery company, and oil explorer don't have a lot in common, but that's also the point behind the diversified index.

You can probably expect the stocks to post healthy gains in the coming days, as funds tracking the S&P 500 load up on these four names.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • E-Commerce China Dangdang (Nasdaq: DANG  ) , China's largest online bookseller, went public on Wednesday. The shares priced at $16 and nearly doubled on the day. The company's dangdang.com website stocks 590,000 book titles. I wonder if any of them cover the right way to celebrate a hot IPO.
  • Google (Nasdaq: GOOG  ) may be giving away as many as 60,000 laptops, as the first portable systems powered by its Google Chrome operating system. Chrome wasn't built in a day, but amassing an army of 60,000 grateful users can't hurt.
  • Sirius XM Radio (Nasdaq: SIRI  ) finally sealed the deal with Howard Stern, renewing his contract for another five years. It was an easy decision, but the two sides cut negotiations close to the finish line.

Until next week, I remain,

Rick Munarriz

See a stock in this story you'd like to follow? Add it to My Watchlist, which will find all of our Foolish analysis on it.

Netflix is a Motley Fool Stock Advisor recommendation. The Fool owns shares of Google, which is a Motley Fool Inside Value recommendation and a Motley Fool Rule Breakers pick. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He owns shares of Netflix and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.


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  • Report this Comment On December 11, 2010, at 12:15 PM, waterinfo wrote:

    Now that the uncertainty (as if there ever was any) about Howard Stern is out of the way, the market can concentrate on the serious sirius business of getting this stock up to the $5 that it should be trading at.

    Consider the facts:

    The company is churning out cash.

    The company now has a sterling debt rating, including a brand new upgrade from S&P.

    Auto sales are increasing, and satellite radio is quickly becoming a "must have" feature in new and late model used cars.

    Automakers are highly motivated to include satellite radio on certified used cars to add value and move the metal.

    When all the wireless carriers force large volume internet users to volume based pricing, listening to Pandora and similar services over wireless devices will cost more than $6 per hour.

    I'm pretty sure that Mel Karmizan and company will pull out at least one more upside surprise before the next quarterly report.

    Sirius 2.0 radios will capture many new listeners that want more than just a simple, laid back radio to listen to.

    The Paul McCartney concert will be just the beginning of many super concerts that will make satellite radio a must.

    You better put your buy orders in on Monday. I don't think that you will see SIRI below $1.40 again.

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