Nasdaq Shuffles Q-50 Index (NDAQ, ADI, FTNT, IACI, LECO, NTES, PDCO, ARMH, FLIR, GNTX, RGLD)
The Nasdaq OMX Group Inc. (NASDAQ: NDAQ) will make some changes to its Nasdaq Q-50 index next Monday, June 18th. The index will add Analog Devices Inc. (NASDAQ: ADI), Fortinet Inc. (NASDAQ: FTNT), IAC/InterActiveCorp (NASDAQ: IACI), Lincoln Electric Holdings Inc.…
The change will lead to the removal of four firms from the index: ARM Holdings plc (NASDAQ: ARMH), FLIR Systems Inc. (NASDAQ: FLIR), Gentex Corp. (NASDAQ: GNTX), and Royal Gold Inc. (NASDAQ: RGLD).
The Q-50 index tracks the performance of 50 stocks that are next in line to replace securities on the Nasdaq-100 index. The Q-50 is adjusted quarterly.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
