Should You Buy Palantir Stock Before June 21?
One of the most respected milestones a public company can reach is being added to the S&P 500. This stock index acts as an important barometer of the overall market -- and being included in this exclusive club implies that a company is among the best in its industry.
Of course, there's no guarantee a company will stay in the index as businesses can experience dramatic ebbs and flows in their results -- thereby impacting trading activity and valuations. Thankfully, the S&P 500 index is rebalanced once per quarter, and the next rebalancing is set to occur on June 21.
Among a sea of eligible candidates is artificial intelligence (AI) company, Palantir Technologies (NYSE: PLTR). Let's dig into what makes Palantir eligible, and assess if scooping up shares before the next rebalancing is a good idea.
Source Fool.com
