Friday, July 11, 2008

Mastercard (MA) to Join S&P 500, and S&P 100

Posted by TraderMark at 8:15 AM TweetThis
Go team go.
  • Standard & Poor's said Thursday that credit card company Mastercard Inc. will replace insurer ACE Ltd. in the S&P 500 index on July 17. S&P said ACE is changing its place of incorporation to Switzerland, rendering it ineligible for inclusion in S&P indexes.
  • Mastercard will also replace General Motors Corp. in the S&P 100. GM will continue to be a member of the S&P 500, the index said. (sort of pathetic GM is no longer in the S&P 100 but remains a Dow 30 component)
Long Mastercard in fund; no personal position

Posted by TraderMark at 8:15 AM

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