At the close of trading on Thursday the FTSE Russell is set to rebalance its indices and will add and subtract specific companies from different stock benchmarks.
Popular names that are on the move are Meta Platforms (NASDAQ:META), Netflix (NASDAQ:NFLX), and PayPal Holdings (NASDAQ:PYPL) which will all be added to the Russell 1000 Value Index.
Some value investors may view the above tech names as high growth but due to the latest price drops of META, NFLX, and PYPL the three will now be listed as value according to the standards provided by FTSE Russell.
https://seekingalpha.com/news/3851101-ftse-russell-rebalance…