A New Stock Is About to Join the S&P 500. Does History Show That Buying It Now Could Pay Off?
Want to know one of the great things about investing in an S&P 500 index fund? You don't have to know the names of all 500 companies in the index, but you can still profit from them. That's especially helpful, considering that the list of members in the S&P 500 can change over time.
But those changes can present a moneymaking opportunity for investors who buy individual stocks. A new stock is about to join the S&P 500. Does history show that buying it now could pay off?
Johnson & Johnson (NYSE: JNJ) announced in November 2021 that it planned to spin off its consumer health unit. The healthcare giant completed the transaction in May 2023, creating Kenvue (NYSE: KVUE).
Source Fool.com
