Latest news with #Siegenthaler
CNBC
7 days ago
- Business
- CNBC
These stocks could join the S&P 500 this month, Bank of America says
Fund managers are gearing up for at least one more big reshuffling before their summer vacations, with the second-quarter changes to the S & P 500 expected to be unveiled at the end of this week. Craig Siegenthaler, research analyst at Bank of America, said in a Tuesday note to clients that there are several financial services stocks that could get a boost from the upcoming rebalance. "We view [ Robinhood ] as a prime candidate for the S & P 500 with the next rebalancing. … We view [ Interactive Brokers ] as a top migration candidate from the S & P 400 due to its size, as well as the S & P 500 being underweight financials and the S & P 400 being overweight financials," Siegenthaler said. HOOD YTD mountain Robinhood's stock has been a stronger performer in 2025 but is not yet part of the S & P 500. Other candidates for potential inclusion include Ares Management , Flutter Entertainment and Cheniere Energy , the note said, with Invesco a stock that could potentially get bumped down from the large-cap 500 to the mid-cap S & P 400. Even modest changes to indexes can spark billions of dollars of trading around the rebalance date, which typically comes on the third Friday of the last month in a quarter. Passive funds must swap out their old positions for new ones, and active managers often do so as well to keep their desired distance from the index in check. The S & P 500 rebalance is particularly impactful, as the SPDR S & P 500 Trust ETF (SPY) alone has $600 billion in assets. Companies being added to the index can generally expect funds like that to scoop up huge amounts of their shares in the coming weeks. "For HOOD or ARES, which aren't a part of the S & P 400, we would expect significant buying activity from passive funds (17% gross/12% net of their floats)," Siegenthaler said. The S & P 500 is not simply a ranking of the 500 largest stocks in the U.S. There are eligibility requirements around a stock's liquidity and the underlying company's profits, for example. Timing also matters, and tech firm Okta may be an example of that this cycle following its postearnings report sell-off last week. "What was a nearly $22bn company a week ago now weighs in at $18bn. At the moment, there are six S & P 400 members ahead of it and one — US Foods — that is nipping at its heels," analyst Don Bilson of Gordon Haskett said about Okta in a note to clients on Tuesday. — CNBC's Michael Bloom contributed reporting.
Boston Globe
12-05-2025
- Sport
- Boston Globe
US men blanked by Switzerland at hockey World Championship
Riat put Switzerland ahead with 7:14 remaining in the first period, redirecting the puck into the goal from the air. It was the first goal the US conceded at the tournament. The second followed 3:13 later by Siegenthaler from the blue line. Kukan's came halfway through the final period from the top of the left circle. Advertisement 'After the first goal we did a better job, we got into it more and more, and shut them out,' Swiss forward Kevin Fiala said. Fiala recorded an assist in his first game at the Worlds. He joined the Swiss late after his Los Angeles Kings were eliminated from the NHL playoffs in the first round. US goalie Joey Daccord made 24 saves. The US beat Denmark, 5-0, and Hungary, 6-0, in its first two games, and face Norway on Wednesday. In Stockholm, Austria prevailed over Slovakia, 3-2, in a shootout.
Reuters
24-04-2025
- Sport
- Reuters
Devils' Jonas Siegenthaler practices, questionable for Game 3
April 24 - New Jersey Devils defenseman Jonas Siegenthaler participated in practice on Thursday for the first time since sustaining his lower-body injury on Feb. 4. Siegenthaler remains questionable for Friday's Game 3 of the Eastern Conference first-round series against the Carolina Hurricanes in Newark, N.J. The Hurricanes lead 2-0 in the best-of-seven series. "We're going to see where he's at and continue to talk to him," Devils coach Sheldon Keefe said. "It's his first practice with the team in a long time, so it's just a matter of being aggressive. ... Time's not exactly our friend right now, so we're going to see where he's at and continue to have conversations with him." Siegenthaler, 27, has been able to skate on his own the last few weeks. "I think he's changed his mindset, as have we, in terms of his preparation," Keefe said. "It was more so he was going to be a May type of timeline, and we're getting more aggressive with that now to see how we can push it just given the circumstances." Siegenthaler of Switzerland had nine points (two goals, seven assists), a plus-9 rating, 44 penalty minutes, 92 blocked shots and 75 hits in 55 games this season. He has 66 career points (10 goals, 56 assists) with a plus-32 rating, 207 penalty minutes, 612 blocks and 463 hits in 367 regular-season games with the Washington Capitals (2018-21) and Devils. He also has three points (one goal, two assists) and a minus-10 rating in 22 playoff games with the Capitals and Devils.
