Meet the Newest Growth Stock Joining the S&P 500. It's Up 80% in 3 Months, and It's Still a Buy Right Now, According to Wall Street.

The S&P 500 is one of the most important indexes in global financial markets. It tracks 500 of the biggest U.S.-based companies, but there are more requirements than just a large market capitalization. S&P 500 eligibility also requires a company to produce a profit in the most recent quarter and the trailing-12-month period. A stock also must have sufficient liquidity.The committee at S&P Global updates the index every quarter, but there are some special events that can force it to update it on irregular intervals -- for example, when a company in the index gets acquired or goes private. With one fewer publicly traded stock, the committee needs to add a new one to make up for it.That happened recently after Synopsys closed its acquisition of Ansys on July 17. Replacing Ansys is The Trade Desk (NASDAQ: TTD). And even after climbing 80% from its lows in April, as of this writing, Wall Street still thinks there's room for the stock to run.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool