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04-05-2011, 10:40 AM #1
Apple's Weighting to Change in Nasdaq Rebalancing
Next month, the NASDAQ stock exchange will rebalance its benchmark NASDAQ 100. In the process, the exchange will effectively slash Apple Inc's weighting and likely spark no shortage of volatility as traders and investors navigate the upheavals and readjust their stock portfolios.
Wall Street analysts who have publicly commented on the matter today are correct in saying that the rebalancing of the NASDAQ 100 "is not an unusual event in itself." But plans to cut Apple's portion of the NASDAQ-100 index from 20% all the way 12% is indeed noteworthy, as the weighting of Google and Microsoft will climb as a consequence.
The rebalancing was driven in part by the seemingly unstoppable rise in Apple shares, which are up more than fourfold in the past two years. The tech company’s big weighting means that a change in fortune for the maker of iPhones, iPods and iPads has a huge impact on one of the most heavily traded indexes in the market.
On Tuesday at 10:32 am CST, shares of Apple (AAPL) were only down $0.71 to $340.48.
Source: Wall Street Journal
04-05-2011, 11:30 AM #2
This makes perfect sense to me. Apple skews the index. I can't see how this would diminish Apple's current stock value. If anything this is an affirmation of Apple's large future growth.They can have my jailbreak when they pry it from my cold dead fingers.
04-05-2011, 11:32 AM #3
04-05-2011, 12:22 PM #4
With so many upper management changes, which means people have no idea which direction Apple is heading... I can see the reason to reassess Apple's worth. Jobs fighting cancer, Apple would take a beating when Jobs eventually loses.