Core Viewpoint - Despite bearish sentiment in the stock market and a weaker-than-expected labor market report, certain stocks have the potential to be included in the S&P 500 index next year [1][2]. Group 1: Potential S&P 500 Candidates - Palantir (PLTR): A strong candidate with a market cap of 68 billion, meeting all criteria for S&P 500 inclusion, including a public float of over 50% and positive earnings in the last four quarters [3][4]. The stock price is currently 30.16, with a year-to-date increase of 81.91% [4]. - Coinbase (COIN): Another potential candidate, Coinbase has a market cap of 1.4 billion in net income over the past four quarters. The stock price is 50 billion, with revenue of nearly 117 million for the first half of 2024. The current stock price is $103.54, showing a year-to-date increase of 46.68% [9][10]. Group 2: Market Context - The S&P 500 Index is a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S., with specific criteria beyond market cap for inclusion [2]. - The overall market sentiment remains cautious, with investors concerned about the U.S. economy, despite the potential for these stocks to join the S&P 500 [1]. Group 3: Conclusion - These three stocks meet most criteria for S&P 500 inclusion, but the final decision will depend on the S&P 500 commission, with a timeline extending to 2025 [11].
3 stocks to join S&P 500 in 2025