Nasdaq Indexes Re-Rank Stocks

December 14, 2009


The Nasdaq OMX Group is re-ranking securities in its Nasdaq-100 Index and Nasdaq Q-50 Index, effective Dec. 21.

Seven new names will enter the Nasdaq-100 Index. They are: Vodafone Group, Mattel Inc., BMC Software Inc., Mylan Inc., Qiagen N.V., SanDisk Corporation and Virgin Media Inc.

The Nasdaq-100 Index tracks the 100 largest U.S. and international nonfinancial companies on the Nasdaq stock market based on market capitalization. Computer hardware and software carried the most weighting in the index in terms of sector, with a 47 percent weight in the portfolio as of Dec. 14. Industrials followed, with 24 percent. Health care, telecommunications and transportation were also sectors represented in the mix. The index is re-ranked every December.

The companies being removed from the index include Akamai Technologies Inc., Hansen Natural Corp., IAC/InterActive Corp., Liberty Global (Class A), Pharmaceutical Product Development Inc., Ryanair Holdings plc and Steel Dynamics Inc.

With the exception of IAC/InterActive Corp, all the names being removed from the Nasdaq-100 Index will be added to the Nasdaq Q-50 Index, which is gaining 11 new names this month. Other new securities include CTC Media Inc., Human Genome Sciences Inc., Itron Inc., Patterson-UTI Energy Inc. and R.R. Donnelley & Sons Company.

The Nasdaq Q-50 Index is a feeder index for the Nasdaq-100 Index because it comprises the names next in line to replace the securities currently included in the bigger index. It is re-ranked quarterly.

The Nasdaq-100 Index serves as the benchmark for the PowerShares QQQ (NasdaqGM: QQQQ), as well as the UltraShort QQQ ProShares (NYSEArca: QID), the Short QQQ ProShares (NYSEArca: PSQ) and the Ultra QQQ ProShares (NYSEArca: QLD).

The PowerShares NXQ Portfolio (Nasdaq:GM PNXQ) tracks the Nasdaq Q-50 Index.

You can see more indexes details here.



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