Lucid jumps 7% after being included in the Nasdaq 100. Here are the 6 stocks being added and removed from the tech index.

US stock trader Wall Street stock exchange woman
Traders have been cheered by earnings but are still concerned about inflation.

  • Lucid stock jumped as much as 7% on Monday after it was announced the EV maker would join the Nasdaq 100. 
  • Six stocks are being added to and removed from the tech-heavy index on December 20.
  • Airbnb and Palo Alto Networks are also joining the tech index, while Fox and Cerner are getting cut.

Shares of Lucid Group surged as much as 7% Monday after it was announced the EV maker would join the Nasdaq 100 later this month. But the stock reversed lower amid a sell-off in the broader market.

Prior to the open on December 20, Lucid and five other stocks will be added to the tech-heavy index in its annual reconstitution.

The Nasdaq 100 index is composed of the 100 largest non-financial companies listed on the Nasdaq stock market and dates back to January 1985 when it was launched along with the Nasdaq Financial 100 index. Both indexes are reconstituted each year in December.

The Nasdaq 100 is popular with investors who are looking for exposure to fast growing technology companies. Investors can gain access to the index through the Invesco QQQ Trust, which aims to provide investment results that correspond with the performance of the Nasdaq 100.

These are the six companies being added to and removed from the index next week.

1. Airbnb

Ticker: ABNB
Market Capitalization: $114.9 billion
Index Change: Added

A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco.

2. Fortinet

Ticker: FTNT
Market Capitalization: $56.2 billion
Index Change: Added

Phil Quade, Fortinet NSA

3. Palo Alto Networks

Ticker: PANW
Market Capitalization: $53.9 billion
Index Change: Added

Signage with logo at the Silicon Valley headquarters of computer security and firewall company Palo Alto Networks, Santa Clara, California, August 17, 2017.
Palo Alto Networks, Santa Clara, California, August 17, 2017.

4. Lucid Group

Ticker: LCID
Market Capitalization: $63.5 billion
Index Change: Added

Lucid Air

5. Zscaler

Ticker: ZS
Market Capitalization: $45.4 billion
Index Change: Added

Zscaler conference
Zscaler CEO Jay Chaudhry opens the company’s conference on June 15, 2021.

6. Datadog

Ticker: DDOG
Market Capitalization: $56.2 billion
Index Change: Added

Datadog

7. CDW Corporation

Ticker: CDW
Market Capitalization: $26.7 billion
Index Change: Removed

CDW logo pictured on a phone

8. Fox Corporation

Ticker: FOXA / FOX
Market Capitalization: $20.1 billion
Index Change: Removed

Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho.
News Corp Chairman Rupert Murdoch.

9. Cerner Corporation

Ticker: CERN
Market Capitalization: $21.9 billion
Index Change: Removed

Bill Graff Cerner CIO

10. Check Point Software

Ticker: CHKP
Market Capitalization: $14.9 billion
Index Change: Removed

Gil Shwed Check Point
Gil Shwed, CEO of Check Point Software.

11. Trip.com Group

Ticker: TCOM
Market Capitalization: $18.7 billion
Index Change: Removed

atlanta airport
Passengers gather near Delta airline’s counter as they check-in their luggage at Hartsfield-Jackson Atlanta International Airport, in Atlanta, Georgia, U.S., May 23, 2021.

12. Incyte Corporation

Ticker: INCY
Market Capitalization: $14.6 billion
Index Change: Removed

A Biogen employee works in the company's lab
A Biogen employee works in the company’s lab in Cambridge, Massachusetts in 2013.

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