Addition to the S&P BSE SME IPO Index
Changes to the S&P BSE Indices
Sempra Energy (NYSE:SRE) will replace PG&E Corp. (NYSE:PCG) in the Dow Jones Utility Average (DJU) effective prior to the open of trading on Friday, January 18.
PG&E is preparing to initiate voluntary reorganization proceedings under Chapter 11 of the U.S. Bankruptcy Code on or about January 29 and is no longer appropriate for the Dow Jones Utility Average. The index is a 15-stock, price-weighted index that measures the performance of some of the largest U.S. companies within the utilities sector. Sempra Energy, which is headquartered in San Diego, CA, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services.
S&P MidCap 400 constituent Teleflex Inc. (NYSE:TFX) will replace PG&E Corp. (NYSE:PCG) in the S&P 500, S&P SmallCap 600 constituent Green Dot Corp. (NYSE:GDOT) will replace Teleflex in the S&P MidCap 400, and Mercer International Inc. (NASD:MERC) will replace Green Dot in the S&P SmallCap 600 prior to the open of trading on Friday, January 18. PG&E intends to file for reorganization under Chapter 11 of the U.S. Bankruptcy Code on or about January 29, 2019 and is no longer eligible for continued inclusion in the S&P 500.
Bank Cards Largest Contributor to Increase in Composite Rate
New Indices Designed to Improve Long-term Risk Adjusted Performance of SmallCaps
NeoGenomics Inc. (NASD:NEO) will replace Engility Holdings Inc. (NYSE:EGL) in the S&P SmallCap 600 effective prior to the open of trading on Monday, January 14, 2019. S&P MidCap 400 constituent Science Applications International Corp. (NYSE: SAIC) is acquiring Engility Holdings in a deal expected to close on January 11 pending final conditions.
A Deletion from the S&P/TSX Composite Index
Index Reconstitution Calendar 2019 for the S&P BSE Indices
Results of the Quarterly Review of the S&P/TSX Preferred Share Index
S&P Dow Jones Indices today announced that the indicated dividend net increases (increases less decreases) for U.S. domestic common stocks increased $7.4 billion during Q4 2018, up from Q4 2017’s $4.5 billion increase.
S&P Dow Jones Indices Canadian Index Services will make the following changes to the S&P/TSX Composite Index
First Republic Bank (NYSE: FRC) will replace SCANA Corporation (NYSE:SCG) in the S&P 500 effective prior to the open of trading on Wednesday, January 2, 2019. S&P 500 constituent Dominion Energy (NYSE:D) is acquiring SCANA Corporation in a deal expected to be completed soon pending final conditions.
Phoenix Replaces Seattle In Top Three Cities In Annual Gains According To S&P CoreLogic Case-Shiller Index
Medpace Holdings Inc. (NASD: MEDP) will replace Green Bancorp Inc. (NASD:GNBC) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, January 2, 2019. S&P SmallCap 600 constituent Veritex Holdings Inc. (NASD:VBTX) is acquiring Green Bancorp in a deal expected to be completed soon pending final conditions.
ELISA CORPORATION AND ADP PROMESSES SET TO JOIN S&P EUROPE 350
Please see attached for changes to the S&P/TSX Canadian Dividend Aristocrats Index resulting from the monthly dividend review.
• Arlo Technologies (NYSE: ARLO) will replace Cloud Peak Energy Inc. (NYSE:CLD) and Care.com Inc. (NYSE:CRCM) will replace Francesca’s Holdings Corp. (NASD:FRAN). S&P SmallCap 600 constituent NETGEAR Inc. (NASD:NTGR) is spinning off its remaining ownership stake in Arlo Technologies in a transaction expected to be completed on December 31. Cloud Peak Energy and Francesca’s Holdings are ranked at the bottom of the S&P SmallCap 600 and are no longer representative of the small-cap market space.
Celanese Corp. (NYSE: CE) will replace Express Scripts Holding Co. (NASD: ESRX) in the S&P 500 effective prior to the open of trading on Monday, December 24. S&P 500 constituent Cigna Corp. (NYSE:CI) is acquiring Express Scripts Holding in a deal expected to close soon pending final conditions. Post-merger, Cigna will change its Global Industry Classification Standard (GICS) Sub-Industry group to Health Care Services from Managed Health Care.
S&P Dow Jones Indices (“S&P DJI”) announced today that preliminary Q3 2018 S&P 500® stock buybacks, or share repurchases, surpassed the $200 billion mark for the first time to set a record $203.8 billion. This is the third consecutive record, displacing the prior quarterly record of $190.6 billion, set during Q2 2018 and a 57.7% increase from the $129.2 billion reported for Q3 2017.
Default Rates Remain Stable For All Loan Types