Meet the Newest Member of the S&P 500. It’s Up 365% Since Its IPO, and It Can Keep Climbing From Here.
The S&P 500 (^GSPC -0.87%) is widely regarded as the most important U.S. stock index. To be included in the index, a U.S.-based company must meet a set of criteria, including demonstrating consistent profitability. While the committee typically adds and removes constituent companies from the index quarterly, it occasionally needs to add a new company…