Honeywell International Inc. to Join the NASDAQ-100 Index Beginning July 21, 2021

Rhea-AI Summary

Nasdaq (NDAQ) announced that Honeywell International Inc. (HON) will join the NASDAQ-100 Index, NASDAQ-100 Equal Weighted Index, and NASDAQ-100 Ex-Technology Index effective July 21, 2021. This change replaces Alexion Pharmaceuticals (ALXN) with Honeywell. The inclusion of Honeywell highlights its strong market position and potential for growth within the technology and industrial sectors, reflecting Nasdaq's ongoing commitment to index adjustments that enhance investment opportunities.

Positive

• Honeywell International Inc. will replace Alexion Pharmaceuticals in multiple Nasdaq indices, indicating a strategic shift towards companies with robust growth profiles.
• Inclusion in the NASDAQ-100 Index could lead to increased visibility and investment interest for Honeywell, potentially enhancing its stock performance.

Negative

• None.

NEW YORK, July 14, 2021 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Honeywell International Inc. (Nasdaq: HON), will become a component of the NASDAQ-100 Index^® (Nasdaq: NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) and the NASDAQ-100 Ex-Technology Index (Nasdaq: NDXX) prior to market open on Wednesday, July 21, 2021. Honeywell International Inc. will replace Alexion Pharmaceuticals, Inc. (Nasdaq: ALXN) in the NASDAQ-100 Index^®, the NASDAQ-100 Equal Weighted Index and the NASDAQ-100 Ex-Technology Index.

For more information about the company, go to https://www.honeywell.com/ .

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Media Contact: Emily Pan, Nasdaq                           
Issuer & Investor Contact:   Index Client Services, Nasdaq
                                               Indexservices@nasdaq.com

 

FAQ

What is the significance of Honeywell becoming part of the NASDAQ-100 Index?

Honeywell's inclusion in the NASDAQ-100 Index enhances its visibility and may attract more investment, reflecting positive market sentiment towards the company.

When will Honeywell join the NASDAQ-100 Index?

Honeywell will officially become a component of the NASDAQ-100 Index on July 21, 2021.

Which company is Honeywell replacing in the NASDAQ-100 Index?

Honeywell is replacing Alexion Pharmaceuticals in the NASDAQ-100 Index.

How does Nasdaq decide changes to the NASDAQ-100 Index?

Nasdaq adjusts its indices based on various factors, including market capitalization, liquidity, and overall financial health of the listed companies.