The S&P 100 ETF Just Dumped Nike and Colgate for 4 AI Stocks. Here's What That Means for Your Portfolio
- The iShares S&P 100 ETF is dropping Nike, Colgate-Palmolive, Simon Property Group, and Honeywell, replacing these established names with four technology companies tied to artificial intelligence capital spending.
- Nike reported 0% revenue growth in its most recent fiscal year, as business declined 13% in Greater China while growing only 5% in North America; the stock has fallen 76% over five years.
- New additions Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk reflect AI infrastructure demand, with Dell booking $60.9 billion in AI server orders in a single quarter and SanDisk's data center revenue growing 437%.
- The fund's transformation suggests the 'blue-chip' label no longer accurately describes OEF, which has quietly become a slightly diluted cousin of Invesco QQQ Trust concentrated in technology.
- For investors seeking broad exposure, the Vanguard S&P 500 ETF offers a cheaper option at four times lower fees than OEF, while those desiring deeper tech conviction might prefer Invesco QQQ Trust.
32 Articles
32 Articles
(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = As the stock price of Nike, a sports apparel company once considered a blue-chip firm, continues to fall, Standard & Poor's (S&...
As of Monday, September 21, Nike will no longer be part of the S&P 100 stock market index, which brings together the 100 largest companies listed on U.S. stock exchanges. However, the company will continue to integrate the S&P 500, an index that brings together major U.S. stock market capitalization companies. The company continues to read "Before its collapse: For the first time in 18 years, Nike is excluded from the select S&P 100 group of com…
The S&P 100 ETF Just Dumped Nike and Colgate for 4 AI Stocks. Here's What That Means for Your Portfolio
The iShares S&P 100 ETF just swapped out a toothpaste giant and a mall REIT for four AI infrastructure plays, and the move reveals something uncomfortable about what this so-called blue-chip fund has quietly become.
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