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Information technology hardware manufacturer Super Micro Computer (NASDAQ:SMCI) and footwear and apparel maker Deckers Outdoor (NYSE:DECK) will be added to the benchmark S&P 500 (SP500) as part of the latest quarterly rebalancing, S&P Dow Jones Indices said on Friday.
Super Micro (SMCI) will replace home appliances maker Whirlpool (WHR) and Deckers (DECK) will take the place of regional bank Zions Bancorporation (ZION) in the S&P 500 (SP500).
“The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space,” S&P Dow Jones Indices said in a statement.
Other changes include:
- S&P 500 (SP500) member and TurboTax-parent Intuit (INTU) will replace public utility Exelon (EXC) in the S&P 100.
- Biotech Cytokinetics (CYTK) and ball-bearings distributor Applied Industrial Technologies (AIT), both constituents of the S&P SmallCap 600, will replace broadband platform provider Calix (CALX) and healthcare facilities-focused REIT Medical Properties Trust (MPW) in the S&P MidCap 400, respectively.
The effective date for these changes will be March 18.
