From Yahoo Finance: 2025-06-07 10:15:00

Shares of Robinhood (HOOD) are trading up ahead of the S&P 500 rebalance, with BofA naming it a potential pick for index inclusion. BofA views Cheniere Energy (LNG), Flutter Entertainment (FLUT), Veeva (VEEV), Carvana (CVNA), Ares Management (ARES), and AppLovin (APP) as other top candidates. For Robinhood or Ares, BofA expects significant buying activity from passive funds. The S&P 500 and Russell 1000 are key benchmarks, driving interest from long-only managers and consistent net inflows for ETFs tracking these indices.

Barclays previously identified Robinhood as a potential S&P 500 pick alongside Ares Management, Coinbase, Interactive Brokers, LPL Financial, Blue Owl Capital, and Tradeweb Markets. Selected stocks typically see 7% gains post-inclusion. In morning trading, Robinhood shares are up almost 3% at $74.38.



Read more at Yahoo Finance: Robinhood continues rally ahead of S&P 500 rebalance