Shares of tech giant Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) continued to march higher on Monday on moderately positive news out of Wall Street.

Up 2% in 10:15 a.m. ET trading, and up as much as 3.1% earlier in the day, Alphabet shares touched a 52-week high -- and you can probably thank Jefferies for that.  

The London Stock Exchange Group is undergoing its annual "rebalancing" of its several FTSE Russell stock indices, you see. Decisions about how much to weight the various stocks within the various indexes won't be final until June 23, and won't open for trading until June 26. But already, investment banks such as Jefferies are starting to opine on what the effects might be for investors.  

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Source Fool.com