Could $CW Be the Next S&P 500 Addition?
The distinction between an $S&P 500(.SPX)$ and an S&P 400 company isn't always clear.
Here I plot market cap vs revenue.
While revenue isn't part of the committe's consideration, it's interesting to see that there are some mid cap companies making more in sales than some large caps.
Will $Curtiss-Wright(CW)$ be the next company to graduate from the S&P 400 to the S&P 500?
With a market cap of $27.8bn it is already above the $22.7bn threshold to enter the index.
Plus, the S&P 500 has an average PE of 33, while the S&P 400 has an average PE of 27. So a graduation could see a re-rating too.
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