One stock does not tell a story, so when it was announced in January that Noble Corp (NE) would be added I made a note to reference back. Since the announcement Noble Corp. has appreciated 4.9% in total.. This total is less than the jump it originally had of 6.2% the day it was announced they would get the privilege of being on the S&P 500 index listing. The S&P 500 has appreciated about 0.5% since that date, again the new listed stock outperforming the general market. Here is the original article I wrote back in January on Noble corp.
In the end I have to quote what I believed when I started following these three stocks and effects of being added and subtracted from the S&P 500, even though both Netflix and Noble Corp have outperformed the S&P 500 since announcement by a substantial amount. "Overall it is my opinion a stock will benefit from being added to the index and will suffer by being removed in the long run because of the way investors invest money into index funds. It is no secret people invest directly into an S&P 500 index fund expecting it to be a direct representative of the overall economy. "
Noble Corporation provides offshore contract drilling services for the oil and gas industry worldwide. As of December 31, 2009, it operated a fleet of 62 mobile offshore drilling units, including 13 semisubmersibles, 4 dynamically positioned drillships, 43 jackups, and 2 submersibles. The company also offers labor contract drilling services, and engineering and consulting services. Noble Corporation was founded in 1921 and is based in Baar, Switzerland.
The New York Times Company operates as a diversified media company in the United States. It operates in two segments, News Media Group and About Group. The News Media segment comprises the New York Times Media Group, the New England Media Group, and the Regional Media Group. The New York Times Media Group comprises the New York Times, a daily and Sunday newspaper; the International Herald Tribune, a daily newspaper; NYTimes.com; Baseline, Inc., an online subscription database and research service; the New York Times Index, which produces and licenses the New York Times Index, a print publication; Digital Archive Distribution business that licenses electronic archive databases; and the New York Times News Services Division, which transmits articles, graphics, and photographs from The Times, the Globe, and other publications to newspapers, magazines, and Web sites, as well as owns interest in Epsilen, LLC, a hosted online education solution. It also distributes content on other digital platforms, including mobile applications, social networking sites, and reader application products. The New England Media Group includes the Boston Globe, a daily and Sunday newspaper; Boston.com; the Worcester Telegram & Gazette, a daily newspaper; and Telegram.com. The Regional Media Group consists of 14 daily newspapers in Alabama, California, Florida, Louisiana, North Carolina, and South Carolina, as well as related print publication businesses. The About Group segment consists of the Web sites of About.com, ConsumerSearch.com, UCompareHealthCare.com, and Caloriecount.about.com. Additionally, the company holds interest in a Canadian newsprint company; Metro Boston LLC, which publishes a free daily newspaper in the greater Boston area; quadrantONE LLC, which is an online advertising network; New England Sports Network, a regional cable sports network; and 50% of Roush Fenway Racing. The company was founded in 1896 and is headquartered in New York City, New York.
Netflix, Inc. provides online movie rental subscription services in the United States. The company offers its subscribers access to a library of movie, television, and other filmed entertainment titles on digital versatile disc (DVD). Its members can get DVDs delivered to their homes and can instantly watch movies and TV episodes streamed to their TVs and PCs. As of December 31, 2009, Netflix served approximately 12 million subscribers. It also partners with consumer electronics companies to offer a range of devices that can instantly stream movies and TV episodes to members' TVs from Netflix. The company was founded in 1997 and is headquartered in Los Gatos, California.
