Tag Archives: Facebook
The Rebalance of Power: Tesla, Walmart, & Disney Join the S&P 500 ESG Index, Facebook, Wells Fargo, & Costco Dropped
ESG momentum shows no signs of stopping, with sustainable fund assets nearing USD 2 trillion, following record inflows in Q1.1 Pressure on firms to perform in sustainability rankings has never been higher, as Wall Street’s hottest topic gets hotter still. But what firms benefit from all this heat? From the assets flowing into S&P 500®…
- Categories ESG
- Other Tags
Why Facebook Was Dropped from the S&P 500® ESG Index
When the S&P 500 ESG (Environmental, Social, and Governance) Index underwent its annual rebalance after markets closed on April 30, 2019, several notable companies were removed, including Wells Fargo, Oracle, and IBM. However, the largest component to be dropped was Facebook. A day before its exclusion, Facebook held a weight of 2.5% in the S&P…
- Categories ESG
- Other Tags
- Categories
- ESG
- Other Tags
Trading in Facebook Shows Indexing Has Little to Do With Valuation-Based Dislocations
By the close of trading on Thursday, July 26, 2018, shares in Facebook (FB) traded down almost $99 billion, or 19% of their market value. Despite FB’s beginning weight of 2.16%, the S&P 500® was almost flat, losing 0.30% on the day. I suspect you will not hear much about this from those who attempt…
- Categories Equities, S&P 500 & DJIA
- Other Tags
- Categories
- Equities, S&P 500 & DJIA
- Other Tags
Facebook Selling Into the S&P 500
Facebook (FB), the most-watched candidate for the S&P 500 all year, will join the index tomorrow night, December 20th , after the market closes. Once ETFs, index mutual funds and other index funds complete their buying – probably sometime next week – roughly 12% of FB’s shares will be held by indexers. As many expected,…
- Categories Blitzer's Insights, S&P 500 & DJIA
- Other Tags
- Categories
- Blitzer's Insights, S&P 500 & DJIA
- Other Tags