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December 16, 2009
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Chicago, IL – December 16, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ciena Corp. (CIEN), Blyth Inc. (BTH), Visa (V), Mead Johnson Nutrition Co. (MJN) and Bristol-Myers Squibb Co. (BMY).
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Here are highlights from Tuesday’s Analyst Blog:
Ciena Out of S&P 500
According to Standard and Poor’s latest realignment, Ciena Corp. (CIEN), the telecommunications equipment maker has been removed from the S&P 500 index and has been included in the S&P MidCap 400, replacing Blyth Inc. (BTH). Visa (V) will replace Ciena in the S&P 500 Index.
After the announcement, Ciena shares fell 6.64%, as negative investor sentiments loomed on the stock. The S&P 500 Index includes companies with market capital of above $5 billion. Since Ciena has a market cap of $1 billion, it is no longer a representative of the market index and thus has been removed.
Standard & Poor's added five other companies to its S&P 500, including Mead Johnson Nutrition Co. (MJN), which is being split off from Bristol-Myers Squibb Co. (BMY).
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