Super Micro Computer and Deckers, two of the hottest stocks of the current market rally, rallied Monday on new s that they'll move up to the S&P 500 index, replacing Whirlpool and Zions Bancorp.
Whirlpool and Zions will replace Super Micro and Deckers in the S&P MidCap 400, S&P Dow Jones Indices announced late Friday. All of the changes will take place before the open on March 18, as part of a quarterly rebalance of S&P indexes.
SMCI stock surged 18.65% on Monday to 1,074.34, hitting a record 1,155 intraday.e Hoka shoe maker Deckers climbed 2.6%. Whirpool dipped 0.2% while Zions rose 1% on a strong day for many regional bank stocks.
S&P 500 member Intuit will replace Exelon in the S&P 500. Exelon remains in the S&P 500.
Both Super Micro and DECK stock are in the IBD Big Cap 20.
Other Changes
S&P SmallCap 600 constituents Cytokinetics and Applied Industrial Technologies will replace Calix and Medical Properties Trust in the S&P MidCap 400 respectively. Calix and Medical Properties Trust will move down to the S&P SmallCap 600.
Magnolia Oil & Gas, Air Lease, Box, BGC Group, BlackLine, Arch Resources and MGE Energy will join the S&P SmallCap 600. They'll replace America's CarMart, TrueBlue, Forrester Research, Oil States International, Digital Turbine, Consensus Cloud Solutions and iRobot.
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