TIL: Nasdaq-100 is a stock index that holds the top 100 non-financial companies listed on Nasdaq. This index is tracked by many passive index funds, notably mega-ETF QQQ. Being in this list is a big deal for a publicly traded company, as it means that lots of funds will be buying their shares irrespective of price/PE/opinion, because they have to own what's in the index. The index is reassessed periodically (quarterly?) for who belongs and who doesn't, and they have 3 substitutions this month.
In: Microstrategy, Palantir, and Axon Enterprise
Most of you are familiar with MSTR. Palantir sells spyware, and Axon is a tech/weapons company whose best seller is the Taser.
Out: Illumina, Super Micro Computer, and Moderna.
Illumina develops genetic research products, SMCI makes AI hardware, and Moderna was one of two companies who brought COVID vaccines to market.
I'm getting a kick out of this info, for reasons I can't quite articulate.
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Lonelypumpkins
npub1je…ys82z
2024-12-17 17:19:51
Author Public Key
npub1jextjwgfkzspzk7h0yl6j27a8aqkaumncwajsrmmvsff5gt20q7slys82zPublished at
2024-12-17 17:19:51Event JSON
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"pubkey": "964cb93909b0a0115bd7793fa92bdd3f416ef373c3bb280f7b64129a216a783d",
"created_at": 1734455991,
"kind": 1,
"tags": [],
"content": "TIL: Nasdaq-100 is a stock index that holds the top 100 non-financial companies listed on Nasdaq. This index is tracked by many passive index funds, notably mega-ETF QQQ. Being in this list is a big deal for a publicly traded company, as it means that lots of funds will be buying their shares irrespective of price/PE/opinion, because they have to own what's in the index. The index is reassessed periodically (quarterly?) for who belongs and who doesn't, and they have 3 substitutions this month.\n\nIn: Microstrategy, Palantir, and Axon Enterprise\n\nMost of you are familiar with MSTR. Palantir sells spyware, and Axon is a tech/weapons company whose best seller is the Taser.\n\nOut: Illumina, Super Micro Computer, and Moderna.\n\nIllumina develops genetic research products, SMCI makes AI hardware, and Moderna was one of two companies who brought COVID vaccines to market.\n\nI'm getting a kick out of this info, for reasons I can't quite articulate.",
"sig": "1a99cad241997d99bc2df7ca77fce46fb5186462b35deeed1f64aa19ba6a74049c47493c99039421cad0533da24846bd5ed6f8979e59f2288973dd39515a1f5c"
}