The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the results of the quarterly re-ranking of the NASDAQ OMX Q-50 Index (Nasdaq:NXTQ), which will become effective prior to market open on Monday, December 23, 2013.
The following eleven securities will be added to the Index: Endo Health Solutions Inc. (Nasdaq:ENDP), Fossil Group, Inc. (Nasdaq:FOSL), The Goodyear Tire & Rubber Company (Nasdaq:GT), Incyte Corporation (Nasdaq:INCY), Jazz Pharmaceuticals plc (Nasdaq:JAZZ), Microchip Technology Incorporated (Nasdaq:MCHP), News Corporation (Nasdaq:NWSA), Sprouts Farmers Market, Inc. (Nasdaq:SFM), Sears Holdings Corporation (Nasdaq:SHLD), Stratasys, Ltd. (Nasdaq:SSYS) and DENTSPLY International Inc. (Nasdaq:XRAY).
The NASDAQ Q-50 Index is designed to track the performance of securities that are next-eligible for inclusion into the NASDAQ-100 Index. It does not contain securities of financial companies including investment companies.
As a result of the re-ranking, the following eleven securities will be removed from the Index: DISH Network Corporation (Nasdaq:DISH), Flextronics International Ltd. (Nasdaq:FLEX), FLIR Systems, Inc. (Nasdaq:FLIR), Illumina, Inc. (Nasdaq:ILMN), Nordson Corporation (Nasdaq:NDSN), NXP Semiconductors N.V. (Nasdaq:NXPI), Panera Bread Company (Nasdaq:PNRA), Seattle Genetics, Inc. (Nasdaq:SGEN), Salix Pharmaceuticals, Ltd. (Nasdaq:SLXP), TripAdvisor, Inc. (Nasdaq:TRIP) and Tractor Supply Company (Nasdaq:TSCO).
NASDAQ OMX 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 OMX Global Indexes also provides custom index services and design solutions to selected financial organizations.