Geopolitics Alpha

This cybersecurity stock will be the next to join the S&P 500

Published . Updated .

GEOPOLITICS ALPHAThis cybersecurity stock will bethe next to join the S&P 500OKTAKVUEGEOPOLITICS ALPHA

Okta is slated to join the index on Wednesday, replacing Kenvue.

Directly affected

  • OKTA Okta+19.0% 13d

    Named in this report.

  • KVUE Kenvue+10.3% 13d

    Named in this report.

Indirectly affected

  • CIBR First Trust NASDAQ Cybersecurity ETF+6.1% 30d

    First Trust NASDAQ Cybersecurity ETF: it holds cybersecurity firms. Linked by “cybersecurity” (cybersecurity) in this story.

  • CRWD CrowdStrike Holdings+5.9% 13d

    CrowdStrike Holdings (prepackaged software): hacks and breaches raise demand for security software. Linked by “cybersecurity” (cybersecurity) in this story.

  • PANW Palo Alto Networks+4.7% 30d

    Palo Alto Networks (computer peripheral equipment): hacks and breaches raise demand for security software. Linked by “cybersecurity” (cybersecurity) in this story.

  • FTNT Fortinet-18.1% 30d

    Fortinet (computer peripheral equipment): hacks and breaches raise demand for security software. Linked by “cybersecurity” (cybersecurity) in this story.

  • XLB Materials Select Sector SPDR+0.9% 30d

    Materials Select Sector SPDR holds the materials sector that Kenvue belongs to, so it often moves with news about it.

  • CL Colgate-Palmolive+6.5% 30d

    Colgate-Palmolive is a peer of Kenvue in perfumes, cosmetics and other toilet preparations; rivals often move on the same news.

  • EL The Estée Lauder Companies+1.6% 11d

    The Estée Lauder Companies is a peer of Kenvue in perfumes, cosmetics and other toilet preparations; rivals often move on the same news.

  • ELF e.l.f. Beauty+11.1% 13d

    e.l.f. Beauty is a peer of Kenvue in perfumes, cosmetics and other toilet preparations; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
OKTA+5.73%+6.93%baseafter closeafter closeafter closeafter close
KVUE+1.17%+0.31%baseafter closeafter closeafter closeafter close
CIBRNo price data for this ticker———————
CRWDNo price data for this ticker———————
PANWNo price data for this ticker———————
FTNTNo price data for this ticker———————
XLBNo price data for this ticker———————
CLNo price data for this ticker———————
ELNo price data for this ticker———————
ELFNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Okta is slated to join the index on Wednesday, replacing Kenvue.

Source: MarketWatch

This story

CompanyWhenMoveStatus
KVUEthree days earlier+0.31%final price
KVUEfive days earlier+1.17%final price
OKTAthree days earlier+6.93%final price
OKTAfive days earlier+5.73%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“This cybersecurity stock will be the next to join the S&P 500” scores 12 out of 100. The score uses 1 sources.