When a stock is added to a prominent index like the S&P 500 Index ($SPX) or the Nasdaq Composite Index ($NASX), it is often a positive milestone. This inclusion brings significant inflows from exchange-traded funds and other index funds that track major indices. Inclusion also serves as a testament to the company's consistent performance and growth across revenue, profits, and operations.
With this in mind, two new stocks are expected to gain entry into the coveted S&P 500 on Dec. 23. Should investors add them to their portfolios? Let's find out.
