Veeva (VEEV) is to replace Coterra Energy (CRTA) in the S&P500, effective May 7th
Veeva's inclusion in the S&P 500 reflects a significant shift in index composition, highlighting its growth and stability compared to Coterra.
Apple (AAPL) CFO guides Q3 revenue to grow between 14-17% Y/Y (exp. +9%) on supply constraints, gross margin between 47.5-48.5%, no longer targeting a net cash neutral position
Meta (META) CEO says a trajectory change in the ad business occurred due to the Iran conflict, which has impacted consumer spending on discretionary items; the planned layoffs is linked to the need to increased data centre spending, WSJ reports
Veeva (VEEV) is to replace Coterra Energy (CRTA) in the S&P500, effective May 7th
Iranian Foreign Ministry Spokesperson says that it is not responsible to expect a quick conclusion of the negotiations and that the other party has not used the opportunity provided by Iran's proposal, must be ready for any eventuality
Incoming Apple (AAPL) CEO says the Co. has an exciting roadmap ahead
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This change could enhance Veeva's visibility and attract institutional investment, potentially supporting its stock price. Monitor how the market reacts to this rebalancing, as it might also pivot sentiment within the broader biotech sector.
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