The Potential S&P 500 Stocks to Watch Out For 📈
Despite the challenges faced by the stock market and the recent labor market report, some stocks show promise to join the S&P 500 index in the coming year. This exclusive society of leading publicly traded companies in the U.S. might welcome new members soon. Here are three potential candidates to keep an eye on:
1. Palantir (PLTR)Â
– Palantir (NYSE: PLTR) meets all the criteria for S&P 500 inclusion
– U.S. company with a market cap of over $18 billion
– Public float of more than 50% of total shares outstanding
– Strong liquidity and positive earnings
– The data analytics and software provider has shown bullish signals
– Current price at $30.16, with fluctuations over the week and month
2. Coinbase (COIN)
– Cryptocurrencies are gaining mainstream acceptance
– Every fourth investor is likely to invest in crypto
– U.S. company with a market cap of $42 billion
– Nearly $1.4 billion in net income over the past four quarters
– Stock price at $159.70, with changes in daily, weekly, and monthly trends
3. The Trade Desk (TTD)
– Technology company focused on real-time programmatic marketing
– Utilizes artificial intelligence (AI) for its products and services
– Potential S&P 500 candidate with a $50 billion market cap
– Revenue of nearly $1.1 billion and net income of $117 million in the first half of 2024
– Stock price at $103.54, with fluctuations in daily, weekly, and monthly performances
Conclusion
These three stocks show promise for potential inclusion in the S&P 500 index. While their fate remains uncertain until 2025, conducting thorough research is essential before making investment decisions. Stay informed about the stock market trends as they can change rapidly.
Source: Stocks News
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