SoFi Has Quietly Met the Bar for S&P 500 Inclusion. Here's What Index Entry Coul

SoFi Technologies (NASDAQ: SOFI) was passed over for inclusion in the latest round of changes for the S&P 500 (SNPINDEX: ^GSPC), but the digital bank may soon meet the technical requirements.

S&P Dow Jones Indices, a division of S&P Global, typically makes changes to the index quarterly, and the next time for new entries is in September. Here's why SoFi could make it in, and what it means for the stock.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

The S&P 500, as its name implies, is an index of about 500 stocks whose performance is often used as a proxy for the stock market. There are several eligibility requirements, including a market cap of at least $22.7 billion and trailing 12-month profitability, with positive net income in the most recent quarter. However, not every eligible stock will make it in. The people making the decision will often consider features like stock volatility and the balance of industries already included.

In the June changeove

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/sofi-quietly-met-bar-p-192500189.html)