SpaceX, NASDAQ
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SpaceX has officially joined the Nasdaq-100. Here are 3 better Nasdaq-100 stocks to buy in July
These overlooked consumer stocks could offer investors more dependable paths to long-term returns than the newly public megacap.
While SpaceX is due to join the Nasdaq-100 on Tuesday, it won’t become part of the S&P 500 for at least another year — likely furthering the volatility spread between those two indexes.
SpaceX’s inclusion in Nasdaq-100 is expected to trigger ~US$4.3 bln of compulsory passive buying, but historical precedents suggest such events can evolve into “sell-the-news” opportunities.
Investors love dividend stocks because they provide dependable passive income streams and an excellent opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time.
The rocket maker’s stock fell below its first-day opening price amid a broader tech slump.