It's in with the old names and out with the new tech stocks for the Nasdaq 100, as consumer brands take over the indexing space of their fallen, over-the-counter tech brethren.
Yes, it's mid-December again. That means the Nasdaq reconfigures its 100 stock index. Because the list consists of select choices among the 150 largest Nasdaq-listed companies, the annual rite of adjustment tends to favor stocks and industries that have outperformed the market over the past year.
Who's moving in? Fifteen new stocks this year, including Expeditors International of Washington
While it's not the oft-quoted Nasdaq Composite, the Nasdaq 100 is a meaty collection of equities. Nearly two dozen index funds mirror the holdings and its own Nasdaq 100 Index Tracking Stock
Of course, the Nasdaq isn't being renamed the Index 115 so it has to make room for the new stocks. While one of the dearly departing, Rational Software
Yes, between dental supplies and a dog-chew retailer, the new list has some bite.