NEW YORK, Dec. 11, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) today announced the results of the annual re-ranking of the NASDAQ-100 Index (Nasdaq:NDX), which will become effective prior to market open on Monday, December 21, 2015.
The following seven companies will be added to the Index: Ctrip.com International, Ltd. (Nasdaq:CTRP), Endo International plc (Nasdaq:ENDP), Expedia, Inc. (Nasdaq:EXPE), Maxim Integrated Products, Inc. (Nasdaq:MXIM), Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH), T-Mobile US, Inc. (Nasdaq:TMUS) and Ulta Salon, Cosmetics & Fragrance, Inc. (Nasdaq:ULTA).
The NASDAQ-100 Index is composed of the 100 largest non-financial companies listed on The Nasdaq Stock Market® and dates to January 1985 when it was launched along with the NASDAQ Financial-100 Index®, which is comprised of the 100 largest financial stocks on Nasdaq®. These indexes act as benchmarks for financial products such as options, futures, and funds. The NASDAQ-100 is re-ranked each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.
On a cumulative price return basis, the NASDAQ-100 Index has returned almost 3,245% since inception, although past performance is not indicative of future performance.
The NASDAQ-100 Index is the basis of the PowerShares QQQ Trust (Nasdaq:QQQ) which aims to provide investment results that, before expenses, correspond with the NASDAQ-100 Index performance. In addition, options, futures and structured products based on the NASDAQ-100 Index and the PowerShares QQQ Trust trade on various exchanges.
As a result of the re-ranking, the following seven companies will be removed from the Index: C.H. Robinson Worldwide, Inc. (Nasdaq:CHRW), Expeditors International of Washington, Inc. (Nasdaq:EXPD), Keurig Green Mountain, Inc. (Nasdaq:GMCR), Garmin Ltd. (Nasdaq:GRMN), Staples, Inc. (Nasdaq:SPLS), VimpelCom Ltd. (Nasdaq:VIP) and Wynn Resorts, Limited (Nasdaq:WYNN).
In addition, the following two securities will also be removed to the index: LiLAC Class A Ordinary Shares (Nasdaq:LILA) and LiLAC Class C Ordinary Shares (Nasdaq:LILAK).
About Nasdaq Global Indexes
Nasdaq Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend Achievers, Global, Nordic, Green Economy, Sharia and Commodity Indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. Nasdaq Global Indexes also provides custom index services and design solutions to selected financial organizations. For more information about Nasdaq Global Indexes, visit www.nasdaq.com/indexes.
Daily index values, weightings and historical data for Nasdaq indexes are available via Nasdaq Global Index Watch and Nasdaq Global Index Data Service.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of approximately $8.8 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Company Briefs:
The following is brief information about the seven companies to be added to the NASDAQ-100 Index.
Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel management in the Peoples Republic of China.
Endo International plc, a specialty healthcare company, focuses on branded and generic pharmaceuticals and devices worldwide.
Expedia, Inc., together with its subsidiaries, operates as an online travel company in the United States and internationally.
Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide.
Norwegian Cruise Line Holdings Ltd., a cruise line operator, through its subsidiaries, provides cruise experiences for travelers with various itineraries.
T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands.
Ulta Salon, Cosmetics & Fragrance, Inc. operates as a specialty retailer in the United States.
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