By William Trent, CFA of Stock Market Beat
We’ve always felt that the non-asset based transportation names were the ones to watch. Now it’s official, as anyone who benchmarks performance against the S&P 500 (which is to say practically everyone) will have to keep an eye on them. CH Robinson Worldwide (CHRW) to Join S&P 500: Financial News – Yahoo! Finance
Standard & Poor’s said Monday freight forwarder CH Robinson Worldwide Inc. will replace Health Management Associates Inc. in its widely followed S&P 500 index on Thursday.
We’ve seen that changes in the Dow are often turning points for the stocks involved, but we haven’t heard of such a relationship regarding the S&P 500 (anyone care to enlighten us?) At any rate, with the stock near its 52-week high shareholder’s are likely hoping it is a signal for even better things to come.
http://stockmarketbeat.com/blog1/
ALERT: 5.25% Yield Is 8x National Average (Sponsored)
Robinhood Gold just rolled out a wild 5.25% APY yield for members, a whopping 8x the national average and way better than treasuries.
Earn an eye watering amount of money while you sleep. Sign up today — click here to start earning today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.