Welcome!

News Feed Item

Navient, Under Armour Set to Join the S&P 500; SLM, PolyOne to Join S&P MidCap 400; Aceto to Join S&P SmallCap 600

NEW YORK, April 24, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on April 30:

  • Navient Corp. (NASD: NAVIV) will replace SLM Corp. (NASD: SLM) in the S&P 500, and SLM will replace Alpha Natural Resources Inc. (NYSE: ANR) in the S&P MidCap 400. SLM Corp. is spinning off Navient to shareholders in a transaction expected to be completed after the close of trading on April 30. Post spin, it is anticipated that SLM will have a market capitalization more representative of the mid-cap market space. Alpha Natural Resources is ranked #400 in the S&P MidCap 400 and is no longer appropriate for that index.
  • S&P MidCap 400 constituent Under Armour Inc. (NYSE: UA) will replace Beam Inc. (NYSE: BEAM) in the S&P 500, S&P SmallCap 600 constituent PolyOne Corp. (NYSE: POL) will replace Under Armour in the S&P MidCap 400, and Aceto Corp. (NASD: ACET) will replace PolyOne in the S&P SmallCap 600. Suntory Holdings is acquiring Beam in a deal expected to be completed on or about April 30. Under Armour and PolyOne have market capitalizations more representative of the large-cap and mid-cap market spaces respectively.

Navient operates a loan management, servicing and asset recovery business. Headquartered in Newark, DE, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Consumer Finance Sub-Industry index.

SLM is a financial services company specializing in education. Headquartered in Newark, DE, the company will be added to the S&P MidCap 400 GICS Consumer Finance Sub-Industry index.

Under Armour develops, markets, and distributes branded performance apparel, footwear, and accessories. Headquartered in Baltimore, MD, the company will be added to the S&P 500 GICS Apparel, Accessories & Luxury Goods Sub-Industry index.

PolyOne provides specialized polymer materials, services, and solutions. Headquartered in Avon Lake, OH, the company will be added to the S&P MidCap 400 GICS Specialty Chemicals Sub-Industry index.

Aceto engages in the marketing, sale and distribution of products for human health, pharmaceutical ingredients and performance chemicals. Headquartered in Port Washington, NY, the company will be added to the S&P SmallCap 600 GICS Trading Companies & Distributors Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX –  April 30, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Navient

Finance

Consumer Finance


Under Armour

Consumer Discretionary

Apparel, Accessories & Luxury Goods

DELETED

SLM

Financials

Consumer Finance


Beam

Consumer Staples

Distillers & Vintners

 

S&P MIDCAP 400 INDEX – April 30, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

SLM

Financials

Consumer Finance


PolyOne

Materials

Specialty Chemicals

DELETED

Alpha Natural Resources

Energy

Coal & Consumable Fuels


Under Armour

Consumer Discretionary

Apparel, Accessories & Luxury Goods

 

S&P SMALLCAP 600 INDEX – April 30, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Aceto Chemicals

Industrials

Trading Companies & Distributors

DELETED

PolyOne

Materials

Specialty Chemicals

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

About S&P Dow Jones Indices 
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.  

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

David Blitzer 
Managing Director and Chairman of the Index Committee 
S&P Dow Jones Indices 
(212) 438 3907 
[email protected] 

David R. Guarino 
Communications 
S&P Dow Jones Indices 
(212) 438 1471 
[email protected]  

SOURCE S&P Dow Jones Indices

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...