Tractor Supply Set to Join the S&P 500; Align Technology to Join MidCap 400; Roadrunner Transportation and Boise Cascade to Join S&P SmallCap 600…
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S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective after the close of trading on Thursday, January 23:
S&P MidCap 400 constituent Tractor Supply Co. (NASD:TSCO) will replace Life Technologies Corp. (NASD:LIFE) in the S&P 500, S&P SmallCap 600 constituent Align Technology Inc. (NASD:ALGN) will replace Tractor Supply in the S&P MidCap 400 and Roadrunner Transportation Systems Inc. (NYSE:RRTS) will replace Align Technology in the S&P SmallCap 600. Life Technologies is being acquired by S&P 500 constituent Thermo Fisher Scientific Inc. (NYSE:TMO) in a deal expected to be completed soon pending final approvals. Tractor Supply has a market capitalization that is more representative of the large cap market space. Align Technology is the top ranked company in the S&P SmallCap 600 as measured by market capitalization.
Boise Cascade Co. (NYSE:BCC) will replace ViroPharma Inc. (NASD:VPHM) in the S&P SmallCap 600. Shire plc is acquiring ViroPharma in a deal expected to be completed soon pending final approvals.
Tractor Supply operates retail farm and ranch stores. Headquartered in Brentwood, TN, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialty Stores Sub-Industry index.
Align Technology operates as a medical device company. Headquartered in San Jose, CA, the company will be added to the S&P MidCap 400 GICS Health Care Supplies Sub-Industry index.
Roadrunner Transportation Systems provides asset-light transportation and logistics services. Headquartered in Cudahy, WI, the company will be added to the S&P SmallCap 600 GICS Trucking Sub-Industry index.
Boise Cascade manufactures wood products and distributes building materials. Headquartered in Boise, ID, the company will be added to the S&P SmallCap 600 GICS Forest Products Sub-Industry index.
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Following is a summary of the changes: S&P 500 INDEX – January 23, 2014 |
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COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
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ADDED |
Tractor Supply |
Consumer Discretionary |
Specialty Stores |
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DELETED |
Life Technologies |
Health Care |
Life Science Tools & Services |
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Source: ETFWorld – MSCI Inc.

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