Based on S&P's stated market cap threshold, 15% of the stocks in Bloomberg's U.S. Large Cap Index (B500) that are not currently in the S&P 500 are large enough for potential inclusion in the latter barometer. Only one of them is in the energy sector, with most in tech and communications, though tech ($887 billion) and discretionary ($508 billion) lead on total potential market cap added. Currently, the minimum market cap high-water mark for the S&P 500 sits at $8.2 billion.
The B500, which is purely based on market-cap float of the top 500 U.S. companies, has 77 names that surpass that level, including heavyweights Tesla, Zoom and Square. For these stocks to gain inclusion in the S&P 500, they would also need to meet profitability and tenure requirements -- or have the selection committee allow special exemptions. #stocktalk
The B500, which is purely based on market-cap float of the top 500 U.S. companies, has 77 names that surpass that level, including heavyweights Tesla, Zoom and Square. For these stocks to gain inclusion in the S&P 500, they would also need to meet profitability and tenure requirements -- or have the selection committee allow special exemptions. #stocktalk