Changes to S&P 500 and SmallCap 600 Indices Announced
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: NASDAQ.COM
- S&P 500 Changes: FedEx Freight Holding will replace EPAM Systems in the S&P 500 effective June 2, following a spin-off transaction expected to complete on June 1, ensuring FedEx remains in the index and solidifying its market position.
- SmallCap 600 Adjustments: EPAM Systems will take the place of Shutterstock in the S&P SmallCap 600, reflecting the dynamic shifts in the small-cap market and potentially impacting investor confidence in the index.
- Acquisition Activity: Shutterstock is anticipated to be acquired, a transaction that could affect its market performance, prompting investors to monitor the potential impact on its stock price.
- Dave Inc. Listing: Dave Inc. will replace American Woodmark Corp. in the S&P SmallCap 600 prior to June 1, indicating the vibrancy of the small-cap market and its appeal to emerging companies, potentially offering new investment opportunities for investors.
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Analyst Views on AMWD
Wall Street analysts forecast AMWD stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 48.090
Low
60.00
Averages
60.00
High
60.00
Current: 48.090
Low
60.00
Averages
60.00
High
60.00
About AMWD
American Woodmark Corporation is a cabinet manufacturer. The Company manufactures and distributes kitchen, bath and home organization products for the remodeling and new home construction markets. The Company's cabinetry products are available in a variety of designs, finishes and finish colors and door styles. Its kitchen cabinetry and bath cabinetry products are offered across all product categories (made-to-order and stock) while its home organization products are exclusively stock products. Its products are sold on a national basis across the United States to the remodeling and new home construction markets. It services these markets through three primary channels: home centers, builders, and independent dealers and distributors. It operates approximately 18 manufacturing facilities in the United States and Mexico and eight primary service centers, and one distribution center located throughout the United States. Its brands include waypoint living spaces,1951 Cabinetry and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MasterBrand and American Woodmark Complete Merger, Expanding Cabinetry Portfolio
- Merger Completion: The all-stock merger between MasterBrand and American Woodmark has been successfully completed, creating the most comprehensive cabinetry brand and product portfolio in North America, which is expected to enhance customer service capabilities and improve market competitiveness.
- Cost Synergies: The combined entity anticipates unlocking approximately $90 million in annual run-rate cost synergies by the end of year three, significantly boosting profitability and positively impacting adjusted earnings per share in year two.
- Leadership Integration: Following the merger, MasterBrand's CEO Dave Banyard will continue to lead the new company, while three former American Woodmark directors join MasterBrand's board, ensuring continuity of management experience and strategic direction.
- Strengthened Market Positioning: This merger not only expands the company's operational footprint but also enhances innovation capabilities and sustainable growth potential by integrating the strengths of both organizations, thereby creating long-term value for all stakeholders.
See More
Changes to S&P 500 and SmallCap 600 Indices Announced
- S&P 500 Changes: FedEx Freight Holding will replace EPAM Systems in the S&P 500 effective June 2, following a spin-off transaction expected to complete on June 1, ensuring FedEx remains in the index and solidifying its market position.
- SmallCap 600 Adjustments: EPAM Systems will take the place of Shutterstock in the S&P SmallCap 600, reflecting the dynamic shifts in the small-cap market and potentially impacting investor confidence in the index.
- Acquisition Activity: Shutterstock is anticipated to be acquired, a transaction that could affect its market performance, prompting investors to monitor the potential impact on its stock price.
- Dave Inc. Listing: Dave Inc. will replace American Woodmark Corp. in the S&P SmallCap 600 prior to June 1, indicating the vibrancy of the small-cap market and its appeal to emerging companies, potentially offering new investment opportunities for investors.
See More
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- Canada Goose Leads: Canada Goose Holdings saw its stock price increase by about 7.6%, positioning it as a leader in the sector, reflecting its brand's ongoing appeal in the premium market and potential for sales growth.
- VFC's Positive Performance: VFC's stock rose by approximately 5%, suggesting enhanced competitiveness in the market, possibly due to successful new product launches and marketing strategies.
- Improved Market Sentiment: The overall positive market sentiment, evidenced by the rise in the textile sector, may signal a recovery in consumer confidence, further driving performance growth for related companies.
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- Significant Revenue Decline: The company's revenue of $324.3 million represents an 18.4% year-over-year decline, missing market expectations, which highlights ongoing challenges in market demand.
- Merger Impact: In light of the pending merger with MasterBrand, Inc. expected to close in August 2025, the company will not hold a conference call or update financial guidance, emphasizing its focus on the merger.
- Cautious Market Reaction: Despite the earnings beat, the market remains cautious regarding the company's future financial performance in the context of the upcoming merger, which may affect investor confidence.
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- Sales Growth: The company's quarterly sales reached $421 million, exceeding the analyst consensus estimate of $400.817 million, suggesting sustained strong market demand that could drive future business expansion.
- Stock Price Surge: Teradata shares jumped 16.5% to $34.07 in pre-market trading, reflecting a positive market reaction to the earnings report, which may attract more investor interest.
- Significant Market Impact: This earnings beat not only lifted the company's stock price but could also positively influence investor sentiment across the industry, further solidifying Teradata's market position in the data analytics sector.
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See More
MasterBrand and American Woodmark Complete Merger, Expanding Cabinetry Portfolio
- Merger Completion: The all-stock merger between MasterBrand and American Woodmark has been successfully completed, creating the most comprehensive cabinetry brand and product portfolio in North America, which is expected to enhance customer service capabilities and improve market competitiveness.
- Cost Synergies: The combined entity anticipates unlocking approximately $90 million in annual run-rate cost synergies by the end of year three, significantly boosting profitability and positively impacting adjusted earnings per share in year two.
- Leadership Integration: Following the merger, MasterBrand's CEO Dave Banyard will continue to lead the new company, while three former American Woodmark directors join MasterBrand's board, ensuring continuity of management experience and strategic direction.
- Strengthened Market Positioning: This merger not only expands the company's operational footprint but also enhances innovation capabilities and sustainable growth potential by integrating the strengths of both organizations, thereby creating long-term value for all stakeholders.
See More
Changes to S&P 500 and SmallCap 600 Indices Announced
- S&P 500 Changes: FedEx Freight Holding will replace EPAM Systems in the S&P 500 effective June 2, following a spin-off transaction expected to complete on June 1, ensuring FedEx remains in the index and solidifying its market position.
- SmallCap 600 Adjustments: EPAM Systems will take the place of Shutterstock in the S&P SmallCap 600, reflecting the dynamic shifts in the small-cap market and potentially impacting investor confidence in the index.
- Acquisition Activity: Shutterstock is anticipated to be acquired, a transaction that could affect its market performance, prompting investors to monitor the potential impact on its stock price.
- Dave Inc. Listing: Dave Inc. will replace American Woodmark Corp. in the S&P SmallCap 600 prior to June 1, indicating the vibrancy of the small-cap market and its appeal to emerging companies, potentially offering new investment opportunities for investors.
See More
Canada Goose Leads Textile Stocks Surge
- Textile Sector Strength: On Wednesday, textile stocks rose approximately 2.7% as a group, indicating a rebound in market confidence likely driven by recovering consumer demand.
- Canada Goose Leads: Canada Goose Holdings saw its stock price increase by about 7.6%, positioning it as a leader in the sector, reflecting its brand's ongoing appeal in the premium market and potential for sales growth.
- VFC's Positive Performance: VFC's stock rose by approximately 5%, suggesting enhanced competitiveness in the market, possibly due to successful new product launches and marketing strategies.
- Improved Market Sentiment: The overall positive market sentiment, evidenced by the rise in the textile sector, may signal a recovery in consumer confidence, further driving performance growth for related companies.
See More
American Woodmark Q3 Earnings Beat Expectations Amid Merger Plans
- Earnings Beat: American Woodmark reported a Q3 non-GAAP EPS of $0.45, exceeding expectations by $0.34, indicating resilience in profitability despite market challenges.
- Significant Revenue Decline: The company's revenue of $324.3 million represents an 18.4% year-over-year decline, missing market expectations, which highlights ongoing challenges in market demand.
- Merger Impact: In light of the pending merger with MasterBrand, Inc. expected to close in August 2025, the company will not hold a conference call or update financial guidance, emphasizing its focus on the merger.
- Cautious Market Reaction: Despite the earnings beat, the market remains cautious regarding the company's future financial performance in the context of the upcoming merger, which may affect investor confidence.
See More
Teradata Quarterly Earnings Beat Expectations
- Strong Earnings Performance: Teradata reported earnings of 74 cents per share, surpassing the analyst consensus estimate of 56 cents, indicating robust profitability that boosts investor confidence.
- Sales Growth: The company's quarterly sales reached $421 million, exceeding the analyst consensus estimate of $400.817 million, suggesting sustained strong market demand that could drive future business expansion.
- Stock Price Surge: Teradata shares jumped 16.5% to $34.07 in pre-market trading, reflecting a positive market reaction to the earnings report, which may attract more investor interest.
- Significant Market Impact: This earnings beat not only lifted the company's stock price but could also positively influence investor sentiment across the industry, further solidifying Teradata's market position in the data analytics sector.
See More
Analysts Upgrade ConocoPhillips Price Target to $132
- Price Target Increase: Wells Fargo raised ConocoPhillips' price target from $100 to $132, with analyst Sam Margolin upgrading the stock from Equal-Weight to Overweight, which is expected to drive stock price appreciation and enhance market confidence.
- Significant Boost: Susquehanna increased Applied Materials' price target from $180 to $400, with analyst Mehdi Hosseini upgrading the rating from Neutral to Positive, reflecting optimism about strong demand in the semiconductor industry.
- Rating Adjustment: UBS raised Vista Energy's price target from $50 to $65, with analyst Tasso Vasconcellos upgrading the rating from Neutral to Buy, indicating confidence in the company's future growth potential.
- Price Target Downgrade: Citigroup cut Seadrill's price target from $35 to $32, with analyst Scott Gruber downgrading the rating from Neutral to Sell, signaling concerns about the company's outlook that may lead to decreased investor confidence.
See More
