Index Trends

After Datadog Inclusion, These Firms Could Be Next Up To Join the S&P 500

By Noah Weidner
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The S&P 500 might be the world’s most-tracked index, with inclusion considered one of the highest honors in capital markets. Only, with just 500 spots, investors engage in guesswork to predict which eligible US-listed firms enter its exclusive ranks. Nonetheless, there are forerunners making the rounds; their stocks bustling with anticipation.

  • Last quarter, analysts were pounding the table for Robinhood, Applovin, and Interactive Brokers to join the index — none of them did.
  • They face even greater competition from Block, Roblox, and Brookfield Asset Management — plus new IPOs such as CoreWeave and Circle.

Surprise, surprise: Investors have been caught off guard by the S&P 500 selection committee — not once, but twice — in recent months. First, when it declined to make changes to the index in its May quarterly rebalance; then, when it replaced recently acquired Juniper Networks with Datadog. To that end, the committee is tasked with the near-impossible task of selecting heavyweights among already strong contenders.