Composition Changes to the S&P 500 (Q1 2024)
What we’re showing
Upcoming changes to the S&P 500 index, which will be effective on March 18, 2024.
The additions
Super Micro Computer has been one of the hottest stocks of 2024, climbing 276% YTD as of March 4, 2024. Over the 1-year period, it has rallied 993%.
The company focuses on server and computer infrastructure, and has benefitted greatly from the AI boom.
Meanwhile, Deckers Outdoor (known as Deckers Brands) is also joining the S&P 500. The company earned over $3.6B in revenue in 2023, and owns footwear brands like UGG and Teva.
The exclusions
Leaving the S&P 500 is Whirpool Corporation, a U.S. manufacturer of home appliances. The company owns brands like Maytag and KitchenAid, in addition to the flagship Whirpool brand. Whirlpool’s stock has fallen 22% over the 1-year period ending March 4, 2024.
Also leaving the index is Zions Bancorporation, a Salt Lake City-based bank.