CrowdStrike (CRWD), KKR (KKR) and GoDaddy (GDDY) will join the S&P 500 index, S&P Dow Jones Indices announced Friday evening. They’ll replace Robert Half (RHI), Comerica (CMA) and Illumina (ILMN) in the benchmark index before the open on Monday, June 24.

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CrowdStrike and KKR stock jumped Friday night, with GoDaddy also rising. Robert Half and Comerica edged lower after hours, while Illumina was not active.

These are part of the big quarterly rebalances in the S&P indexes.

Dell Technologies (DLTR) and Palantir Technologies (PLTR), two profitable big caps seen as possible S&P 500 picks, fell slightly Friday night as they were passed over again.

Meanwhile, Illumina will replace GoDaddy in the S&P MidCap 400. Robert Half and Comerica will replace Anywhere Real Estate (HOUS) and Adtran Holdings (ADTN) in the S&P SmallCap 600.

Other S&P Index Moves

Texas Pacific Land (TPL), BioMarin Pharmaceutical (BMRN), Warner Music (WMG), Nextracker (NXT), Altair Engineering (ALTR) and RB Global (RBA) will replace Werner Enterprises (WERN), Integra Lifesciences (IART), Penn Entertainment (PENN), Grocery Outlet (GO), Leggett & Platt (LEG) and Hertz Global (HTZ) in the S&P MidCap 400.

Nextracker and Altair Engineering, both near buy points, rose Friday night on S&P MidCap 400 entrance.

Leggett & Platt, Hertz Global, Grocery Outlet, Penn Entertainment, Integra Lifesciences and Werner Enterprises will replace Methode Electronics (MEI), Chatham Lodging Trust (CLDT), Northfield Bancorp (NFBK), Xperi (XPER), Resources Connection (RGP) and ATN International (ATNI) in the S&P SmallCap 600.

Krystal Biotech (KRYS), Virtu Financial (VIRT), StepStone (STEP), Cactus (WHD) and Tidewater (TDW) will replace OraSure Technologies (OSUR), Marcus Corp (MCS), TTEC Holdings (TTEC), Medifast (MED), and Cerence (CRNC) in the S&P SmallCap 600.

Energy plays Cactus and Tidewater rose solidly Friday night on joining the S&P SmallCap 600.

Stocks typically get a bounce on the news that they’ll be added to the S&P 500. Mutual funds and ETF that track the index have to buy up shares of incoming components.

Please follow Ed Carson on  Threads at @edcarson1971 and X/Twitter at @IBD_ECarson  for stock market updates and more.

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