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Staples, Inc. Message Board

  • Anything_that_goes_up Anything_that_goes_up Oct 1, 1998 9:43 PM Flag

    We're going to the show

    Did you see the big news after COB -- we're
    moving from the S&P mid-cap to the S&P 500. That should
    give us some bump because all those index funds need
    to buy on October 6. Like the last few posters said,
    I'm very comfortable with my SPLS even being in at
    27. I'm down a bit, but it'll come
    back.

    Congrats to the Staples crew for the inclusion in the S&P
    500!!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • so the index funds need to buy in. I am not sure if they bought in today and popped up the volume, or the day traders bought in to day trade it for tomorrow???

    • Can anyone explain the 18 million shares today with virtually no news???? This seems particularly odd, no?

    • Which is too bad, since they have much different
      factors influencing earnings
      1. OMX expanded in to
      Asia, which as a slowing economy.SPLS expanded into
      Europe, which is in a similar economic boom as North
      America
      2. SPLS doesn't have the same focus on it's PC
      business that OMX does, and that is one area in particular
      where margins are being squeezed dramatically.
      I was
      hoping for a better boost today going into the closing
      addition of SPLS to the S&P 500. When the market opens
      tomorrow the index funds will pickup SPLS at whatever they
      open at and quickly bid the price up, as nearly every
      institution has an index fund which it will automatically
      update to hold SPLS, these are not managed funds, they
      just automatically add the stock to their
      portfolio's.
      If SPLS were to close over the $28 level, you could
      easily see SPLS open at 30 and move up from there
      tomorrow in the AM.
      I have SPLS stock and also some
      calls to lock in and take advantage of the short term
      pop, since I don't want to sell my shares of SPLS, but
      do want to take advantage ofthe AM pop.
      If you
      look at the money flow on SPLS during the recent
      market declines, they are as impressive precentage wise
      as DELL's... not bad for a little retail stock. I am
      expecting another 2/3 split early next year.

    • please explain what moving to the S & P 500, means. Thank-you.

      • 2 Replies to pudge1_1
      • The note about index funds which track a
        benchmark index such as the S&P 500 being required to add
        shares to their portfolios on a weighted basis is
        correct. This also creates a heavier demand for the shares
        on a short-term basis. But that is only part of the
        equation.
        Standard & Poor's, Inc. is a research and data outfit
        which publishes thorough findings about publically
        traded companies as well debt obligations issued by
        these companies. It's been around for many decades and
        has a reputation for being objective about the
        long-term prospects of individual companies. When a
        company's prospects brighten, it will report this. When a
        company's prospects falter, it will report this.
        The
        S&P 500 index has served as a measure of the overall
        well being of America's best-run and most-profitable
        companies over the long haul. It has now begun including
        overseas companies as well.
        Lately, the index has been
        discarding companies in slow growth sectors and replacing
        them with companies in faster growing sectors.

        It's hard for mutual fund managers and even
        individuals to beat the annual peformance of this
        benchmark.
        The best peforming mutual funds over the past 10
        years have been index funds which track the 500 index.
        This doesn't mean that in any given year some
        aggressive growth mutual fund won't put up a gain of 50% or
        even 100%. But that gain isn't sustainable
        year-over-year. Some brilliant indviduals who work very hard at
        short-term trading can put up numbers like this,
        though.
        SPLS was included in the 500 index primarily because
        the analysts who work for S&P concluded that the
        company's long-term prospects are highly favorable. And the
        company itself wants to skew its index in favor of
        long-term growth.
        It's like someone you trust and who
        is trustworthy having done your DD for you. You
        don't have to go through the time and expense to do
        this. If you stick with them you'll make money in the
        long haul. If you choose to compound your gains with
        more share purchases you'll do even better.
        Hope
        this helps.

        Monksdream

      • When a stock is added to the S&P 500 index, it
        usually gets a quick boost. This is because a lot of
        money is in S&P 500 index funds and these funds must
        purchase shares in the stock being added.

        Paul

 
SPLS
11.17+0.13(+1.18%)Jul 23 4:00 PMEDT

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