NASDAQ-100
From Wikipedia, the free encyclopedia
The NASDAQ-100 is a stock market index of 100 of the largest domestic and international non-financial companies listed on the NASDAQ stock exchange. It is a modified market value-weighted index; the companies weights in the index are based on their market capitalization, with certain rules capping the influence of the largest components. It does not contain financial companies, and includes companies incorporated in Canada (e.g. Research In Motion), Israel (e.g. Check Point) and Sweden (e.g Ericsson); both of these factors differentiate this index from the S&P 500. The index established a weekly close above the 1800 point level for the first time in 5 1/2 years on November 17, 2006.
NASDAQ-100 is often abbreviated as NDX. Its corresponding futures contracts are traded on the Chicago Mercantile Exchange. The regular futures are called ND, as in NDM6 for the June 2006 expiration. The e-mini versions are called NQ. ND and NQ are among the most heavily traded futures at the Chicago Mercantile Exchange.
While the components of the NASDAQ-100 will change in the case of delisting (such as due to merger, transfer to another exchange, or bankruptcy), the index is only rebalanced once a year, in December, with the removal of companies whose market capitalizations have dropped below the top 100 and their replacement by the companies that have entered the top 100. Anticipation of these changes can lead to changes in the stock prices of the affected comapnies.
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[edit] ETFs
The NASDAQ-100 Trust Series 1 Exchange-traded fund trades under the ticker NASDAQ: QQQQ. On December 1, 2004, it was moved from the American Stock Exchange where it had the symbol QQQ to the NASDAQ and given the new four letter code QQQQ. It is sometimes referred to as the "Quad Qs," "Cubes," or simply as "the Qs." On November 15, 2006, the ETF closed above $44 for the first time since early 2001.
Note: Since the NASDAQ-100 is a capitalization-weighted average, companies with larger market capitalizations will generally affect the index value more than those with lower capitalizations.
[edit] Note
The NASDAQ-100 is frequently confused with the Nasdaq Composite Index; the latter index (often referred to simply as "the NASDAQ") includes the stock of every company that is listed on NASDAQ (more than 3,000 all together) and is quoted more frequently than the NASDAQ-100 in popular media.
[edit] Components
This list is current as of December 2006. An up-to-date list is available in the External Links section.
- Activision, Inc. (ATVI)
- Adobe Systems Incorporated (ADBE)
- Akamai Technologies, Inc. (AKAM)
- Altera Corporation (ALTR)
- Amazon.com, Inc. (AMZN)
- American Eagle Outfitters, Inc. (AEOS)
- American Power Conversion Corporation (APCC)
- Amgen Inc. (AMGN)
- Amylin Pharmaceuticals (AMLN)
- Apollo Group, Inc. (APOL)
- Apple Computer, Inc. (AAPL)
- Applied Materials, Inc. (AMAT)
- Autodesk, Inc. (ADSK)
- BEA Systems, Inc. (BEAS)
- Bed Bath & Beyond Inc. (BBBY)
- Biogen Idec Inc (BIIB)
- Biomet, Inc. (BMET)
- Broadcom Corporation (BRCM)
- C.H. Robinson Worldwide, Inc. (CHRW)
- Cadence Design Systems (CDNS)
- CDW Corporation (CDWC)
- Celgene Corporation (CELG)
- Check Point Software Technologies Ltd. (CHKP)
- CheckFree Corporation (CKFR)
- Cintas Corporation (CTAS)
- Cisco Systems, Inc. (CSCO)
- Citrix Systems, Inc. (CTXS)
- Cognizant Technology Solutions Corporation (CTSH)
- Comcast Corporation (CMCSA)
- Comverse Technology, Inc. (CMVT)
- Costco Wholesale Corporation (COST)
- Dell Inc. (DELL)
- DENTSPLY International Inc. (XRAY)
- Discovery Holding Co (DISCA)
- eBay Inc. (EBAY)
- EchoStar Communications Corporation (DISH)
- Electronic Arts Inc. (ERTS)
- Expedia Inc. (EXPE)
- Expeditors International of Washington, Inc. (EXPD)
- Express Scripts, Inc. (ESRX)
- Fastenal Company (FAST)
- Fiserv, Inc. (FISV)
- Flextronics International Ltd. (FLEX)
- Garmin Ltd. (GRMN)
- Genzyme Corporation (GENZ)
- Gilead Sciences, Inc. (GILD)
- Google, Inc. (GOOG)
- IAC/InterActiveCorp (IACI)
- Infosys Technologies(INFY)
- Intel Corporation (INTC)
- Intuit, Inc. (INTU)
- Intuitive Surgical Inc. (ISRG)
- Joy Global Inc. (JOYG)
- Juniper Networks, Inc. (JNPR)
- KLA-Tencor Corporation (KLAC)
- Lam Research Corporation (LRCX)
- Lamar Advertising Company (LAMR)
- Level 3 Communications (LVLT)
- Liberty Global, Inc. (LBTYA)
- Liberty Media Corporation, Interactive Series A (LINTA)
- Linear Technology Corporation (LLTC)
- LM Ericsson Telephone Company (ERICY)
- Marvell Technology Group, Ltd. (MRVL)
- Maxim Integrated Products, Inc. (MXIM)
- MedImmune, Inc. (MEDI)
- Microchip Technology Incorporated (MCHP)
- Microsoft Corporation (MSFT)
- Millicom International Cellular S.A. (MICC)
- Monster Worldwide, Inc. (MNST)
- Network Appliance, Inc. (NTAP)
- NII Holdings, Inc. (NIHD)
- NTL Incorporated (NTLI)
- Nvidia Corporation (NVDA)
- Oracle Corporation (ORCL)
- PACCAR Inc. (PCAR)
- Patterson Companies Inc. (PDCO)
- Patterson-UTI Energy Inc. (PTEN)
- Paychex, Inc. (PAYX)
- PetSmart, Inc. (PETM)
- QUALCOMM Incorporated (QCOM)
- Research in Motion Limited (RIMM)
- Ross Stores, Inc. (ROST)
- SanDisk Corporation (SNDK)
- Sears Holdings Corporation (SHLD)
- Sepracor Inc. (SEPR)
- Sigma-Aldrich Corporation (SIAL)
- Sirius Satellite Radio, Inc. (SIRI)
- Staples, Inc. (SPLS)
- Starbucks Corporation (SBUX)
- Sun Microsystems, Inc. (SUNW)
- Symantec Corporation (SYMC)
- Tellabs, Inc. (TLAB)
- Teva Pharmaceutical Industries Limited (TEVA)
- VeriSign, Inc. (VRSN)
- Vertex Pharmaceuticals (VRTX)
- Whole Foods Market, Inc. (WFMI)
- Wynn Resorts, Ltd. (WYNN)
- Xilinx, Inc. (XLNX)
- XM Satellite Radio Holdings, Inc. (XMSR)
- Yahoo! Inc. (YHOO)
[edit] External links
Dow Jones Industrial Average (30 large companies; popular indicator) (ETF: NYSE: DJI)
• NYSE Composite Index (ETF: NYSE: NYA)
• NASDAQ Composite (all companies listed on the NASDAQ; with a heavy dose of technology stocks)
• NASDAQ-100 (large NASDAQ-traded non-financial stocks; more volatile) (ETF: NASDAQ: QQQQ)
• S&P 500 (500 large companies; analysis of economic health) (ETF: AMEX: SPY)
• Russell 2000 (small-cap stocks) (ETF: AMEX: IWM)
• Wilshire 5000 (total U.S. market)