Dell Inc. (NASDAQ: DELL) has been kicked out of the S&P 100. The PC company has struggled to remain relevant, and successful, for years. Perhaps Standard & Poor’s finally has acknowledged that Dell does not have much of a future.
Source: courtesy of Dell
AbbVie Inc. (NYSE:ABBVwi) will replace Dell Inc. (NASD:DELL) in the S&P 100, and Federated Investors Inc. (NYSE:FII) in the S&P 500. Federated will replace ITT Educational Services Inc. (NYSE:ESI) in the S&P MidCap 400, and ITT Educational Services will replace NCI Inc. (NASD:NCIT) in the S&P SmallCap 600. S&P 100 and 500 constituent Abbott Laboratories (NYSE:ABT) is spinning off AbbVie in a transaction expected to be completed after the close of trading on December 31. The Abbott Laboratories stub will remain in the S&P 100 and 500. Dell has a market capitalization below $18.5 billion and is no longer representative of the mega-cap market space. Federated Investors’ market capitalization is below $2.2 billion, making it more representative of the mid-cap market space, and ITT Educational Services’ market capitalization is below $450 million making it more representative of the small-cap market space. NCI Corp.is ranked #600 in the S&P SmallCap 600.
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
