GoDaddy was just added to the S&P 500.Once per quarter, the S&P 500 index undergoes a rebalancing. Essentially, this is a list of requirements companies must meet to be eligible and maintain their status as a member of the S&P 500. The quarterly rebalances ensure that new companies enter the index while replacing businesses that have fallen out of eligibility.One company that was just added to the S&P 500 is website and e-commerce specialist GoDaddy (GDDY -0.38%). Admittedly, I always viewed GoDaddy as some ...

TEMPE, Ariz., June 27, 2024 /PRNewswire/ -- The board of directors of GoDaddy Inc. (NYSE: GDDY) unanimously elected Graham Smith as a new independent director effective June 26, 2024. He will serve as a Class I director until the company's 2025 annual meeting of stockholders, at which time all directors will stand for annual election. Smith will join the board of directors' Audit and Finance Committee."We are pleased to welcome Graham to the GoDaddy board," said Brian Sharples, chair of GoDaddy's board of d ...

ipuwadol/iStock via Getty Images Investment Thesis GoDaddy Inc. (NYSE:GDDY) has a lot going for it. And yet, to say that this is a blemish-free investment would be to misconstrue reality. Ultimately, GoDaddy carries more than $3 billion of net debt, which hinders its ability to in the near-term significantly return capital to shareholders. And yet, the business is undeniably reasonably priced. In a market where few stocks are priced at anything less than 20x forward free cash flows, GDDY is priced at ap ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style S ...

These aren't the usual AI suspects, but AI is providing each company with a business tailwind.I get it -- you hear about developments in artificial intelligence (AI) every day from family, friends, and media publications. And it seems like everyone is making money by investing in the hottest AI stocks. But allow me to encourage you to not succumb to FOMO, the fear of missing out.Fear doesn't help with making decisions, and it can even cloud good judgment (take the people in horror movies who make the wrong ...

GoDaddy (NYSE:GDDY) stock is a hot topic on Monday as investors learn that the company is going to join the S&P 500 later this month.Shares of GDDY stock will join the S&P 500 on June 24, 2024, before the opening of normal trading hours that day. This will better represent the large-cap market space as part of the index’s quarterly rebalance on June 21, 2024.Investors will note that with this change, GoDaddy will leave the S&P MidCap 400. Additionally, it’s being added to the S&P 500 at the same time as KKR ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed ...

TEMPE, Ariz., May 31, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a subsidiary of GoDaddy Inc. and together, the "Borrowers") closed the previously announced credit agreement refinancing and extension. In connection with the closing, the Borrowers entered into an Eleventh Amendment (the "Eleventh Amendment") to the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or ...

Traitov/iStock via Getty Images Introduction A few days ago I analyzed the Invesco S&P MidCap Momentum ETF (XMMO) and one of several of its holdings caught my attention given the higher EPS growth and a relatively low valuation (PEG). Thus, I decided to take a deeper look at GoDaddy (NYSE:GDDY) the website builder and domain company that is transforming into an e-commerce or digital platform boosted by AI. What is GoDaddy Sure, it’s a funny name and the company roots are based on registering domains and ...

Free Prompt Library now includes new features, languages, and an expanded catalogTEMPE, Ariz., May 22, 2024 /PRNewswire/ -- For small business owners, keeping up with the ever-changing capabilities of Generative AI (GenAI) can seem like a full-time job.  To help entrepreneurs put GenAI to work for them, GoDaddy has expanded its Small Business GenAI Prompt Library (smallbusinessprompts.com), which launched last year. Business owners now have access to more than 185 prompts and fresh capabilities, all meant t ...