- Kaiser Aluminum Corp. (NASD: KALU) will replace Superior Well Services Inc. (NASD: SWSI) in the S&P SmallCap 600 index after the close of trading on a date to be announced. Superior Well Services is being acquired by S&P 500 constituent Nabors Industries Ltd. (NYSE: NBR) in a deal expected to close soon, pending final conditions.
Standard & Poor’s will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Kaiser Aluminum manufactures semi-fabricated aluminum products. Headquartered in Foothill Ranch, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Aluminum Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – TBA
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Kaiser Aluminum
Materials
Aluminum
DELETED
Superior Well Services
Energy
Oil & Gas Equipment & Services
About S&P Indices
S&P Indices, the world’s leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor’s family of indices, which includes the S&P 500, the world’s most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry’s most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor’s
Standard & Poor’s, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world’s foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor’s is an essential part of the world’s financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor’s
Source – http://www.prnewswire.com/news-releases/standard–poors-announces-change-to-us-index-102183599.html
- S&P to Identify Ratings Issued in Japan
- S&P Equity Research Picks XRX Focus Stock of the Week
- S&P Equity Research Issues Internet Predictions for 2011
- S&P today announced its intention to identify ratings issued by its Japanese subsidiary, S&P Ratings Japan KK, as part of its compliance with Japan’s new regulation of credit rating agencies, and to facilitate investors’ ability to identify such ratings. S&P Ratings Japan KK has been distinguishing ratings that it had issued in its Japanese website, www.standardandpoors.co.jp, in
NEW YORK, Dec. 13, 2010 /PRNewswire/ — Xerox Corporation (XRX: $12) has been picked by Standard & Poor’s Equity Research as its Focus Stock of the Week. XRX carries S&P’s highest investment recommendation of 5-STARS, or Strong Buy. “We believe Xerox is a major player in both the global document management and business process outsourcing
- S&P Equity Research sees big developments for the Internet segment in 2011, including continuing challenges for Google, changes at Yahoo, a cloud offering from Apple, and excitement from China. “The coming year should also be another year of solid growth, with double-digit gains for U.S. Internet advertising and retail spending,” observed Scott Kessler, Information