The annual $NASDAQ 100(NDX)$ adjustment is set to be announced on December 13.
Based on market capitalization rankings, several companies are likely to join the index, including high performers like $Palantir Technologies Inc.(PLTR)$ (up 347.4% YTD) and $MicroStrategy(MSTR)$ (up over 500% YTD), along with $Equinix(EQIX)$ , $CME Group Inc(CME)$ , $Interactive Brokers(IBKR)$ and $Coinbase Global, Inc.(COIN)$
Meanwhile, six companies, led by $Moderna, Inc.(MRNA)$ , $SUPER MICRO COMPUTER INC(SMCI)$, $Biogen(BIIB)$, $CDW Corp(CDW)$ and $MongoDB Inc.(MDB)$ , are at risk of being dropped from the index.
MSTR, PLTR to Join Nasdaq: Sell the News or Add More?
On Saturday, the Nasdaq 100 announced its annual index rebalancing, adding three companies: Palantir, MicroStrategy, and Axon, while removing Illumina, AMD, and Moderna.
However, the two star stocks pull back yesterday. Analysts suggest that the rebalancing effect will not be too soon as there is a buffering zone.
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Which of these companies do you see as a good buying opportunity right now?
Sell the news or add more?
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