NASDAQ-100
Encyclopedia
The NASDAQ-100 is a stock market index
of 100 of the largest non-financial companies listed on the NASDAQ
. It is a modified capitalization-weighted index. The companies' weights in the index are based on their market capitalization
s, with certain rules capping the influence of the largest components. It does not contain financial companies, and includes companies incorporated outside the United States
. Both of those factors differentiate it from the Dow Jones Industrial Average
, and the exclusion of financial companies distinguishes it from the S&P 500 Index.
. It did so by creating two separate indices. This particular index, which consists of Industrial
, Technology
, Retail
, Telecommunication
, Biotechnology
, Health Care
, Transportation, Media
and Service companies; and the NASDAQ Financial-100, which consists of banking companies
, insurance firms
, brokerage houses
and mortgage companies
. By creating these two indices, the NASDAQ hoped that mutual funds, options and futures would correlate and trade in conjunction with them.
The base price of the index was initially set at 250, but when it closed near 800 on December 31, 1993, the base was reset at 125 the following trading day, leaving the halved NASDAQ-100 price below that of the more commonly known NASDAQ Composite
. The first annual adjustments were made in 1993 in advance of options on the index that would trade at the Chicago Board Options Exchange
in 1994. Foreign companies were first admitted to the index in January 1998, but had higher standards to meet before they could be added. Those standards were relaxed in 2002, while standards for domestic firms were raised, ensuring that all companies met the same standards.
The all-time highs for the index, set at the height of the Dot-Com Bubble
in 2000, stand above the 4,700 level, while its recent bear market lows in 2002 revolving around the Early 2000s Recession
, the September 11, 2001 Attacks and the subsequent Afghan War
occurred below the 900 point level. The NASDAQ-100 closed above the 2,200 point milestone on October 23, 2007 for the first time in over 80 months and reached an intraday high of 2,239.51 on October 31, 2007, the highest reached since February 16, 2001.
However, the index corrected below the 2,000 level in early 2008 amid the Late-2000s Recession, the United States Housing Bubble
and the Global Financial Crisis of 2008.
Panic focusing on the failure of the investment banking industry culminated in a loss of more than 10% on September 29, 2008, subsequently plunging the index firmly into bear market territory. The NASDAQ-100, with much of the broader market, experienced a Limit Down open on October 24 and closed at a 5½-year low of 1,036.51 on November 20, 2008. As of December 2010, the index trades around the 2,160 level amid optimism that the recent financial and economic woes which sprung up during late 2008, were easing and possibly coming to an end.
s. Its corresponding futures contract
s are traded on the Chicago Mercantile Exchange
. The regular futures are denoted by the Reuters Instrument Code
ND, and the smaller E-mini version uses the code NQ. Both are among the most heavily traded futures at the exchange.
The NASDAQ-100 Trust Series 1 exchange-traded fund
, sponsored and overseen since March 21, 2007 by Invesco through PowerShares, trades under the ticker . 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. On March 23, 2011, Nasdaq changed its symbol back to QQQ. During the period it traded as QQQQ, it was sometimes referred to as the "Cubes", or "Quad Qs". In 2000, it was the most actively traded security in the United States, and hit an all-time split adjusted intra-day trading high of $120.50 on March 24 of that year, but has since dropped to being within the top five after other stocks and ETFs such as the Standard & Poor's Depositary Receipts
. On July 17, 2007, the ETF closed above $50 for the first time since early 2001. After reaching a peak of $55.07 on October 31, 2007, the Qs succumbed to a wider financial crisis along with a decline in technology spending and plunged towards a November 21, 2008 intra-day low of $25.05. But as of January 2010, the ETF trades near $46 a share, only down around 6% from its one year intra-day high of $48.57 on August 15, 2008.
ProShares issued by ProFunds offer other related NASDAQ-100 ETFs such as the 2x , which attempts to match the daily performance of the NASDAQ-100 by 200% and the Inverse 2x , which attempts to match the inverse daily performance by 200%. For replicating 3x performance; there is the and for Inverse 3x, . ProFunds also issues Inverse Performance for a bearish strategy on the index.
Additionally, companies with multiple classes of stock are only allowed to have one class included in the index (usually the largest class in terms of market capitalization).
with another company, or declaring bankruptcy
, and in a few cases, being delisted by NASDAQ for failing to meet listing requirements), the index is only rebalanced once a year, in December, when NASDAQ reviews its components, compares them with those not in the index, re-ranks all eligible companies and makes the appropriate adjustments.
There are two tools the NASDAQ uses to determine the market values of companies for the annual review:
Those components that are in the top 100 of all eligible companies at the annual review are retained in the index. Those ranked 101 to 125 are retained only if they were in the top 100 of the previous year's annual review. If they fail to move into the top 100 in the following year's review, they are dropped. Those not ranked in the top 125, are dropped regardless of the previous year's rank.
A company will also be dropped if, at the end of two consecutive months, the component fails to have an index weighting of at least one-tenth of a percent. This can occur at any time.
The companies that are dropped are replaced by those who have the largest market value and are not in the index already. Anticipation of these changes can lead to changes in the stock prices of the affected companies.
All changes, regardless of when they occur, are publicly announced via press releases at least five business days before the change is scheduled to take place. The 2010 results of the re-ranking and rebalancing are expected to be announced on December 10 with the changes effective on December 20.
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 altogether) and is quoted more frequently than the NASDAQ-100 in popular media.
The NASDAQ-100 is a modified capitalization-weighted average. This particular methodology was created in 1998 in advance of the creation the NASDAQ-100 Index Trust, which holds portions of all NASDAQ-100 firms. The new methodology allowed NASDAQ to reduce the influence of the largest companies and to allow for more diversification.
The only time the index is to be rebalanced again is if:
As of October 2011, the countries (excluding the United States) represented in the NASDAQ-100 are:
Additionally, the NASDAQ-100 is also the only index of the three that has a regularly scheduled re-ranking of its index each year, ensuring that the largest companies on NASDAQ (excluding financial companies) are accurately included.
was added to the index, replacing Focus Media Holding
, which did not meet the minimum monthly weight requirements.
On July 17, Cerner Corporation
replaced Sun Microsystems
after Sun Microsystems was acquired by Oracle
.
On October 29, Priceline.com
replaced Juniper Networks
, after Juniper transferred to the NYSE.
On December 11, the NASDAQ announced the annual re-ranking of the index, resulting in 7 new stocks joining the index: Vodafone
, Mattel
, BMC Software
, Mylan, Qiagen
, SanDisk
and Virgin Media
.
These stocks replaced Akamai Technologies
, Hansen Natural, IAC/InterActiveCorp
, Liberty Global, Pharmaceutical Product Development
, Ryanair
and Steel Dynamics
on December 21.
The companies were F5 Networks
, Akamai Technologies
, Netflix
, Micron Technology
, Whole Foods Market
, Ctrip.com International
and Dollar Tree
. They replaced Cintas
, Dish Network
, Foster Wheeler. Hologic
, J. B. Hunt
, Logitech
and Patterson Companies
on December 20. These were the only changes made to the index that year and the fewest since 1997.
would replace Genzyme
, effective April 4. Genzyme was purchased by Sanofi-Aventis
.
On May 20, Green Mountain Coffee Roasters
replaced Millicom International Cellular prior to the market opening on May 27. This after Millicom withdrew its NASDAQ listing. .
On July 15, Sirius XM Radio replaced Cephalon
in the index. Cephalon was acquired by Teva Pharmaceutical Industries
.
Stock market index
A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....
of 100 of the largest non-financial companies listed on the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
. It is a modified capitalization-weighted index. The companies' weights in the index are based on their market capitalization
Market capitalization
Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...
s, with certain rules capping the influence of the largest components. It does not contain financial companies, and includes companies incorporated outside the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Both of those factors differentiate it from the Dow Jones Industrial Average
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
, and the exclusion of financial companies distinguishes it from the S&P 500 Index.
History
The NASDAQ-100 began on January 31, 1985 by the NASDAQ, trying to promote itself in the shadow of the New York Stock ExchangeNew York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
. It did so by creating two separate indices. This particular index, which consists of Industrial
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
, Technology
Technology
Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...
, Retail
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
, Telecommunication
Telecommunication
Telecommunication is the transmission of information over significant distances to communicate. In earlier times, telecommunications involved the use of visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, or audio messages via coded...
, Biotechnology
Biotechnology
Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...
, Health Care
Health care
Health care is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. Health care is delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, allied health, and other care providers...
, Transportation, Media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
and Service companies; and the NASDAQ Financial-100, which consists of banking companies
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
, insurance firms
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
, brokerage houses
Stock broker
A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors...
and mortgage companies
Mortgage loan
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan...
. By creating these two indices, the NASDAQ hoped that mutual funds, options and futures would correlate and trade in conjunction with them.
The base price of the index was initially set at 250, but when it closed near 800 on December 31, 1993, the base was reset at 125 the following trading day, leaving the halved NASDAQ-100 price below that of the more commonly known NASDAQ Composite
Nasdaq Composite
The Nasdaq Composite is a stock market index of the common stocks and similar securities listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. as an indicator of the performance of stocks of technology companies and growth companies. ...
. The first annual adjustments were made in 1993 in advance of options on the index that would trade at the Chicago Board Options Exchange
Chicago Board Options Exchange
The Chicago Board Options Exchange , located at 400 South LaSalle Street in Chicago, is the largest U.S. options exchange with annual trading volume that hovered around one billion contracts at the end of 2007...
in 1994. Foreign companies were first admitted to the index in January 1998, but had higher standards to meet before they could be added. Those standards were relaxed in 2002, while standards for domestic firms were raised, ensuring that all companies met the same standards.
The all-time highs for the index, set at the height of the Dot-Com Bubble
Dot-com bubble
The dot-com bubble was a speculative bubble covering roughly 1995–2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the more...
in 2000, stand above the 4,700 level, while its recent bear market lows in 2002 revolving around the Early 2000s Recession
Early 2000s recession
The early 2000s recession was a decline in economic activity which occurred mainly in developed countries. The recession affected the European Union mostly during 2000 and 2001 and the United States mostly in 2002 and 2003. The UK, Canada and Australia avoided the recession for the most part, while...
, the September 11, 2001 Attacks and the subsequent Afghan War
War in Afghanistan (2001–present)
The War in Afghanistan began on October 7, 2001, as the armed forces of the United States of America, the United Kingdom, Australia, and the Afghan United Front launched Operation Enduring Freedom...
occurred below the 900 point level. The NASDAQ-100 closed above the 2,200 point milestone on October 23, 2007 for the first time in over 80 months and reached an intraday high of 2,239.51 on October 31, 2007, the highest reached since February 16, 2001.
However, the index corrected below the 2,000 level in early 2008 amid the Late-2000s Recession, the United States Housing Bubble
United States housing bubble
The United States housing bubble is an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and may not yet have hit bottom as of 2011. On December 30, 2008 the...
and the Global Financial Crisis of 2008.
Panic focusing on the failure of the investment banking industry culminated in a loss of more than 10% on September 29, 2008, subsequently plunging the index firmly into bear market territory. The NASDAQ-100, with much of the broader market, experienced a Limit Down open on October 24 and closed at a 5½-year low of 1,036.51 on November 20, 2008. As of December 2010, the index trades around the 2,160 level amid optimism that the recent financial and economic woes which sprung up during late 2008, were easing and possibly coming to an end.
Investing
The NASDAQ-100 is often abbreviated as NDX in the derivatives marketDerivatives market
The derivatives market is the financial market for derivatives, financial instruments like futures contracts or options, which are derived from other forms of assets....
s. Its corresponding futures contract
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
s are traded on the Chicago Mercantile Exchange
Chicago Mercantile Exchange
The Chicago Mercantile Exchange is an American financial and commodity derivative exchange based in Chicago. The CME was founded in 1898 as the Chicago Butter and Egg Board. Originally, the exchange was a non-profit organization...
. The regular futures are denoted by the Reuters Instrument Code
Reuters Instrument Code
A Reuters instrument code, or RIC, is a ticker-like code used by Thomson Reuters to identify financial instruments and indices. The codes are used for looking up information on various Thomson Reuters financial information networks and appear to have developed from the Quotron service they...
ND, and the smaller E-mini version uses the code NQ. Both are among the most heavily traded futures at the exchange.
The NASDAQ-100 Trust Series 1 exchange-traded fund
Exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE...
, sponsored and overseen since March 21, 2007 by Invesco through PowerShares, trades under the ticker . On December 1, 2004, it was moved from the American Stock Exchange
American Stock Exchange
NYSE Amex Equities, formerly known as the American Stock Exchange is an American stock exchange situated in New York. AMEX was a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. On January 17, 2008, NYSE Euronext announced it would acquire the...
where it had the symbol QQQ to the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
and given the new four letter code QQQQ. On March 23, 2011, Nasdaq changed its symbol back to QQQ. During the period it traded as QQQQ, it was sometimes referred to as the "Cubes", or "Quad Qs". In 2000, it was the most actively traded security in the United States, and hit an all-time split adjusted intra-day trading high of $120.50 on March 24 of that year, but has since dropped to being within the top five after other stocks and ETFs such as the Standard & Poor's Depositary Receipts
Standard & Poor's Depositary Receipts
The Standard & Poor's Depositary Receipts were launched by Boston asset manager SSgA State Street Global Advisors on January 29, 1993 as the first exchange-traded fund in the United States ; and are part of the SPDRs ETF chain.Designed and developed by American Stock Exchange executives Nathan Most...
. On July 17, 2007, the ETF closed above $50 for the first time since early 2001. After reaching a peak of $55.07 on October 31, 2007, the Qs succumbed to a wider financial crisis along with a decline in technology spending and plunged towards a November 21, 2008 intra-day low of $25.05. But as of January 2010, the ETF trades near $46 a share, only down around 6% from its one year intra-day high of $48.57 on August 15, 2008.
ProShares issued by ProFunds offer other related NASDAQ-100 ETFs such as the 2x , which attempts to match the daily performance of the NASDAQ-100 by 200% and the Inverse 2x , which attempts to match the inverse daily performance by 200%. For replicating 3x performance; there is the and for Inverse 3x, . ProFunds also issues Inverse Performance for a bearish strategy on the index.
Standards
The NASDAQ has over the years put in place a series of stringent standards for which companies must meet before being included in the index. Those standards include the following:- Being listed exclusively on NASDAQ in either the Global Select or Global Market tiers.
- Being listed for two years (or if it meets certain market capitalization standards, one year).
- Having average daily volume of 200,000 shares.
- Being current in regards to quarterly and annual reports.
- Not being in bankruptcyBankruptcyBankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
proceedings.
Additionally, companies with multiple classes of stock are only allowed to have one class included in the index (usually the largest class in terms of market capitalization).
Yearly rebalancing and re-ranking
While the composition of the NASDAQ-100 changes in the case of delisting (such as transferring to another exchange, mergingMergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
with another company, or declaring bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
, and in a few cases, being delisted by NASDAQ for failing to meet listing requirements), the index is only rebalanced once a year, in December, when NASDAQ reviews its components, compares them with those not in the index, re-ranks all eligible companies and makes the appropriate adjustments.
There are two tools the NASDAQ uses to determine the market values of companies for the annual review:
- Share Prices as of the last trading day in October (usually the 31st unless the 31st falls on a weekend).
- Publicly announced share totals as of the last trading day of November (usually the 30th unless it falls on a weekend).
Those components that are in the top 100 of all eligible companies at the annual review are retained in the index. Those ranked 101 to 125 are retained only if they were in the top 100 of the previous year's annual review. If they fail to move into the top 100 in the following year's review, they are dropped. Those not ranked in the top 125, are dropped regardless of the previous year's rank.
A company will also be dropped if, at the end of two consecutive months, the component fails to have an index weighting of at least one-tenth of a percent. This can occur at any time.
The companies that are dropped are replaced by those who have the largest market value and are not in the index already. Anticipation of these changes can lead to changes in the stock prices of the affected companies.
All changes, regardless of when they occur, are publicly announced via press releases at least five business days before the change is scheduled to take place. The 2010 results of the re-ranking and rebalancing are expected to be announced on December 10 with the changes effective on December 20.
Differences from NASDAQ Composite index
The NASDAQ-100 is frequently confused with the Nasdaq CompositeNasdaq Composite
The Nasdaq Composite is a stock market index of the common stocks and similar securities listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. as an indicator of the performance of stocks of technology companies and growth companies. ...
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 altogether) and is quoted more frequently than the NASDAQ-100 in popular media.
The NASDAQ-100 is a modified capitalization-weighted average. This particular methodology was created in 1998 in advance of the creation the NASDAQ-100 Index Trust, which holds portions of all NASDAQ-100 firms. The new methodology allowed NASDAQ to reduce the influence of the largest companies and to allow for more diversification.
The only time the index is to be rebalanced again is if:
- One company is worth 24% of the index.
- Those companies with a weighting of at least 4.5% constitute 48% of the index.
Differences from other indices
In addition to its lack of financial companies, the Nasdaq-100 includes 15 companies incorporated outside the United States. Although the S&P 500 Index includes 5 non-U.S. companies, the Dow Jones Industrial Average has never included foreign companies.As of October 2011, the countries (excluding the United States) represented in the NASDAQ-100 are:
- Bermuda - Marvell Technology GroupMarvell Technology GroupMarvell is an American producer of storage, communications and consumer semiconductor products.Founded in 1995, Marvell Technology Group Ltd. has operations worldwide and approximately 5,700 employees. Marvell’s U.S. operating subsidiary is based in Santa Clara, California and Marvell has...
- Canada - Research In MotionResearch In MotionResearch In Motion Limited or RIM is a Canadian multinational telecommunications company headquartered in Waterloo, Ontario, Canada that designs, manufactures and markets wireless solutions for the worldwide mobile communications market...
- Cayman Islands - Seagate TechnologySeagate TechnologySeagate Technology is one of the world's largest manufacturers of hard disk drives. Incorporated in 1978 as Shugart Technology, Seagate is currently incorporated in Dublin, Ireland and has its principal executive offices in Scotts Valley, California, United States.-1970s:On November 1, 1979...
- China - BaiduBaiduBaidu, Inc. , simply known as Baidu and incorporated on January 18, 2000, is a Chinese web services company headquartered in the Baidu Campus in Haidian District, Beijing, People's Republic of China....
and Ctrip.com InternationalCtripCtrip is a mainland China-focused travel agency, which runs the eponymous Ctrip.com travel website.-History:Shanghai-based Ctrip was founded by James Liang, Neil Shen, Min Fan, and Ji Qi in 1999... - India - InfosysInfosysInfosys Limited, formerly Infosys Technologies Limited is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China,...
- Ireland - Warner ChilcottWarner ChilcottWarner Chilcott is a pharmaceutical company based in Rockaway, New Jersey, USA. It has production and research facilities in Fajardo, Puerto Rico, Larne, Northern Ireland, Dundalk, Ireland and Weiterstadt, Germany. It is primarily focused on two core therapeutic areas: women’s healthcare and...
- Israel - Check PointCheck PointCheck Point Software Technologies Ltd. is a global provider of IT security solutions. Best known for its firewall and VPN products, Check Point first pioneered the industry with FireWall-1 and its patented stateful inspection technology...
and Teva Pharmaceutical Industries, Ltd.Teva Pharmaceutical IndustriesTeva Pharmaceutical Industries Ltd. , is an international pharmaceutical company headquartered in Petah Tikva, Israel. It specializes in generic and proprietary pharmaceuticals and active pharmaceutical ingredients... - Netherlands - QiagenQiagenQiagen is a provider of sample and assay technologies for molecular diagnostics, applied testing, academic and pharmaceutical research. Consolidated under the Dutch holding Qiagen N.V., the company operates more than 30 subsidiaries in over 18 countries. Qiagen’s shares are listed at the...
- Singapore - FlextronicsFlextronicsFlextronics International Ltd. is an electronics manufacturing services provider that offers services to original equipment manufacturers . It also provides supporting supply chain services, including packaging and transportation throughout the world, as well as design and after-sales...
- Switzerland - GarminGarminGarmin Ltd. , incorporated in Schaffhausen, Switzerland, is the parent company of a group of companies founded in 1989 by Gary Burrell and Min Kao , that develops consumer, aviation, and marine technologies for the Global Positioning System...
- United Kingdom - VodafoneVodafoneVodafone Group Plc is a global telecommunications company headquartered in London, United Kingdom. It is the world's largest mobile telecommunications company measured by revenues and the world's second-largest measured by subscribers , with around 341 million proportionate subscribers as of...
Additionally, the NASDAQ-100 is also the only index of the three that has a regularly scheduled re-ranking of its index each year, ensuring that the largest companies on NASDAQ (excluding financial companies) are accurately included.
Components
This list is current as of July 15, 2011. An up-to-date list is available in the External Links section. It should be noted that this is an alphabetical list, and not a ranked list- Activision BlizzardActivision BlizzardActivision Blizzard, Inc., formerly Activision, Inc. is the American holding company for Activision and Blizzard Entertainment. The company is majority owned by French conglomerate Vivendi SA and was created through the merger of Activision and Vivendi Games, announced on December 2, 2007, in a...
(ATVI) - Adobe Systems IncorporatedAdobe SystemsAdobe Systems Incorporated is an American computer software company founded in 1982 and headquartered in San Jose, California, United States...
(ADBE) - Akamai Technologies, IncAkamai TechnologiesAkamai Technologies, Inc. is an Internet content delivery network headquartered in Cambridge, Massachusetts, US.The company was founded in 1998 by then-MIT graduate student Daniel M. Lewin, and MIT Applied Mathematics professor Tom Leighton...
(AKAM) - Alexion PharmaceuticalsAlexion PharmaceuticalsAlexion Pharmaceuticals is the original developer and distributor of Soliris, a drug used in treating the ultra-rare disorders Hemolytic-uremic syndrome and Paroxysmal nocturnal hemoglobinuria . In a recent study Soliris was noted for its effectiveness in altering the natural course of PNH...
(ALXN) - Altera CorporationAlteraAltera Corporation is a Silicon Valley manufacturer of PLDs . The company offered its first programmable logic device in 1984. PLDs can be reprogrammed during the design cycle as well as in the field to perform multiple functions, and they support a fairly fast design process...
(ALTR) - Amazon.com, Inc.Amazon.comAmazon.com, Inc. is a multinational electronic commerce company headquartered in Seattle, Washington, United States. It is the world's largest online retailer. Amazon has separate websites for the following countries: United States, Canada, United Kingdom, Germany, France, Italy, Spain, Japan, and...
(AMZN) - Amgen Inc.AmgenAmgen Inc. is an international biotechnology company headquartered in Thousand Oaks, California. Located in the Conejo Valley, Amgen is the world's largest independent biotech firm. The company employs approximately 17,000 staff members. Its products include Epogen, Aranesp, Enbrel, Kineret,...
(AMGN) - Apollo Group, Inc.Apollo GroupApollo Group, Inc. is an S&P 500 corporation based in the South Phoenix area of Phoenix, Arizona. Apollo Group, Inc., through its subsidiaries, owns several for-profit educational institutions....
(APOL) - Apple Inc. (AAPL)
- Applied Materials, Inc.Applied MaterialsApplied Materials, Inc. is a capital equipment producer serving the semiconductor, TFT LCD display, Glass, WEB and solar manufacturing industries....
(AMAT) - Autodesk, Inc.AutodeskAutodesk, Inc. is an American multinational corporation that focuses on 3D design software for use in the architecture, engineering, construction, manufacturing, media and entertainment industries. The company was founded in 1982 by John Walker, a coauthor of the first versions of the company's...
(ADSK) - Automatic Data Processing, Inc.Automatic Data ProcessingAutomatic Data Processing, Inc. Automatic Data Processing, Inc. with about $10 billion in revenues and approximately 545,000 clients, is a provider of business outsourcing solutions. ADP offers a range of human resource, payroll, tax and benefits administration solutions...
(ADP) - Baidu.com, Inc.BaiduBaidu, Inc. , simply known as Baidu and incorporated on January 18, 2000, is a Chinese web services company headquartered in the Baidu Campus in Haidian District, Beijing, People's Republic of China....
(BIDU) - Bed Bath & Beyond Inc.Bed Bath & BeyondBed Bath & Beyond Inc. was formed in 1971 and today operates a chain of domestic merchandise retail stores across United States, Puerto Rico and Canada. They feature mostly medium-ranged, but also a limited selection of high quality, domestic merchandise: items for the bedroom, bathroom, kitchen,...
(BBBY) - Biogen Idec, IncBiogen IdecBiogen Idec, Inc. is a biotechnology company specializing in drugs for neurological disorders, autoimmune disorders and cancer. The company was formed in 2003 by the merger of Cambridge, Massachusetts-based Biogen Inc. and San Diego, California-based IDEC Pharmaceuticals...
(BIIB) - BMC Software, Inc.BMC SoftwareBMC Software, Inc. is a multinational corporation specializing in Business Service Management software, with record annual revenue in fiscal 2009 of $1.87 billion...
(BMC) - Broadcom CorporationBroadcomBroadcom Corporation is a fabless semiconductor company in the wireless and broadband communication business. The company is headquartered in Irvine, California, USA. Broadcom was founded by a professor-student pair Henry Samueli and Henry T. Nicholas III from the University of California, Los...
(BRCM) - C. H. Robinson Worldwide, Inc.C. H. Robinson WorldwideC.H. Robinson Worldwide, Inc. is a Fortune 500 third-party logistics provider which provides domestic and international freight transportation and logistics services.-History:...
(CHRW) - CA, Inc. (CA)
- Celgene CorporationCelgeneCelgene Corporation is a manufacturer of drug therapies for cancer and inflammatory disorders. It is incorporated in Delaware and headquartered in Summit, New Jersey...
(CELG) - Cerner CorporationCernerCerner Corporation is an international health care information technology corporation that specializes in providing complete systems for hospitals and other medical organizations to manage and integrate all electronic medical records, computerized physician order entry , and financial...
(CERN) - Check Point Software Technologies Ltd.Check PointCheck Point Software Technologies Ltd. is a global provider of IT security solutions. Best known for its firewall and VPN products, Check Point first pioneered the industry with FireWall-1 and its patented stateful inspection technology...
(CHKP) - Cisco Systems, Inc.Cisco SystemsCisco Systems, Inc. is an American multinational corporation headquartered in San Jose, California, United States, that designs and sells consumer electronics, networking, voice, and communications technology and services. Cisco has more than 70,000 employees and annual revenue of US$...
(CSCO) - Citrix Systems, Inc.Citrix SystemsCitrix Systems, Inc. is a multinational corporation founded in 1989, that provides server and desktop virtualization, networking, software-as-a-service , and cloud computing technologies, including Xen open source products....
(CTXS) - Cognizant Technology Solutions CorporationCognizant Technology SolutionsCognizant Technology Solutions Corp. is an American global provider of custom information technology, consulting and business process outsourcing services. Its headquartered in Teaneck, New Jersey, United States and is a member of NASDAQ-100, the S&P 500 and Fortune 500...
(CTSH) - Comcast CorporationComcastComcast Corporation is the largest cable operator, home Internet service provider, and fourth largest home telephone service provider in the United States, providing cable television, broadband Internet, and telephone service to both residential and commercial customers in 39 states and the...
(CMCSA) - Costco Wholesale CorporationCostcoCostco Wholesale Corporation is the largest membership warehouse club chain in the United States. it is the third largest retailer in the United States, where it originated, and the ninth largest in the world...
(COST) - Ctrip.com International, Ltd.CtripCtrip is a mainland China-focused travel agency, which runs the eponymous Ctrip.com travel website.-History:Shanghai-based Ctrip was founded by James Liang, Neil Shen, Min Fan, and Ji Qi in 1999...
(CTRP) - Dell Inc.DellDell, Inc. is an American multinational information technology corporation based in 1 Dell Way, Round Rock, Texas, United States, that develops, sells and supports computers and related products and services. Bearing the name of its founder, Michael Dell, the company is one of the largest...
(DELL) - DENTSPLY International Inc.DentsplyDentsply International is an American dental equipment maker and dental consumables producer that markets its products in over 120 countries . It is a leader in consumable dental products....
(XRAY) - DirecTVDirecTVDirecTV is an American direct broadcast satellite service provider and broadcaster based in El Segundo, California. Its satellite service, launched on June 17, 1994, transmits digital satellite television and audio to households in the United States, Latin America, and the Anglophone Caribbean. ...
(DTV) - Dollar Tree, Inc.Dollar TreeDollar Tree, Inc. is an American chain of discount variety stores that sells every item for $1.00 or less. A Fortune 500 company, Dollar Tree is headquartered in Chesapeake, Virginia and operates 4,010 stores throughout the 48 contiguous U.S. states. Its stores are supported by a nationwide...
(DLTR) - eBay Inc.EBayeBay Inc. is an American internet consumer-to-consumer corporation that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide...
(EBAY) - Electronic Arts Inc.Electronic ArtsElectronic Arts, Inc. is a major American developer, marketer, publisher and distributor of video games. Founded and incorporated on May 28, 1982 by Trip Hawkins, the company was a pioneer of the early home computer games industry and was notable for promoting the designers and programmers...
(ERTS) - Expedia, Inc.Expedia, Inc.Expedia, Inc. is an American company headquartered in Bellevue, Washington that operates several travel brands including Expedia.com, Hotels.com, Hotwire.com, Egencia , TripAdvisor, Expedia Local Expert, Classic Vacations and eLong. Expedia, Inc.’s companies operate more than 90 branded points of...
(EXPE) - Expeditors International of Washington, Inc.Expeditors InternationalExpeditors International of Washington, Inc. is a global logistics and freight forwarding company headquartered in Seattle, Washington.The company employs over 12,900 trained professionals in 251 locations across six continents. Expeditors works in international trade through a seamless,...
(EXPD) - Express Scripts, Inc. (ESRX)
- F5 Networks, Inc.F5 NetworksF5 Networks, Inc. is a networking appliances company. It is headquartered in Seattle, Washington and has development and marketing offices worldwide. It originally manufactured and sold some of the very first load balancing products...
(FFIV) - Fastenal CompanyFastenalFastenal Co is an American company based in Winona, Minnesota. Selling industrial and construction supplies and services including inventory management services, Fastenal refers to itself as an industrial supply company, but Reuters calls it an industrial distributor.-History:Founded in 1967 by...
(FAST) - First Solar, Inc.First SolarFirst Solar, Inc. is an American manufacturer of thin film photovoltaic modules, or solar panels, and a provider to PV power plants of supporting services that include finance, construction, maintenance and end-of-life panel recycling...
(FSLR) - Fiserv, Inc.FiservFiserv, Inc. provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing , software and systems solutions. The company serves more than 16,000 clients worldwide...
(FISV) - Flextronics International Ltd.FlextronicsFlextronics International Ltd. is an electronics manufacturing services provider that offers services to original equipment manufacturers . It also provides supporting supply chain services, including packaging and transportation throughout the world, as well as design and after-sales...
(FLEX) - FLIR Systems, Inc.FLIR SystemsFLIR Systems is a thermal imaging systems manufacturer based in Wilsonville, Oregon, United States. Founded in 1978, the company makes thermal imagers, thermal imager components, as well as larger systems containing thermal imagers along with other sensors, for both commercial and military...
(FLIR) - Garmin Ltd.GarminGarmin Ltd. , incorporated in Schaffhausen, Switzerland, is the parent company of a group of companies founded in 1989 by Gary Burrell and Min Kao , that develops consumer, aviation, and marine technologies for the Global Positioning System...
(GRMN) - Gilead Sciences, Inc.Gilead SciencesGilead Sciences is a biopharmaceutical company that discovers, develops and commercializes therapeutics. For many years since the company was founded, the company concentrated primarily on antiviral drugs to treat patients infected with HIV, hepatitis B or influenza. In 2006, Gilead acquired two...
(GILD) - Google Inc.GoogleGoogle Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
(GOOG) - Green Mountain Coffee Roasters, Inc.Green Mountain Coffee RoastersGreen Mountain Coffee Roasters is a publicly-traded brand of coffee based at Waterbury in the U.S. state of Vermont. The brand specializes in organic, fair trade, and specialty gourmet coffees. Keurig is a wholly owned subsidiary of Green Mountain Coffee Roasters, Inc., and sells many of their...
(GMCR) - Henry Schein, Inc.Henry ScheinHenry Schein Inc. is a distributor of healthcare products and services to office-based practitioners. It is a Fortune 500 company and a member of the NASDAQ 100 Index. The company has four business groups – Dental, Medical, International and Technology which operate through a centralized and...
(HSIC) - Illumina, Inc.Illumina (company)Illumina, Inc. is a company incorporated in April 1998 that develops, manufactures and markets integrated systems for the analysis of genetic variation and biological function. Using its technologies, the company provides a line of products and services that serve the sequencing, genotyping and...
(ILMN) - Infosys TechnologiesInfosysInfosys Limited, formerly Infosys Technologies Limited is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China,...
(INFY) - Intel CorporationIntel CorporationIntel Corporation is an American multinational semiconductor chip maker corporation headquartered in Santa Clara, California, United States and the world's largest semiconductor chip maker, based on revenue. It is the inventor of the x86 series of microprocessors, the processors found in most...
(INTC) - Intuit, Inc. (INTU)
- Intuitive Surgical Inc.Intuitive SurgicalIntuitive Surgical Inc. is a corporation that manufactures robotic surgical systems, most notably the da Vinci Surgical System. The da Vinci Surgical System allows surgery to be performed remotely using robotic manipulators. The company is part of the Nasdaq-100 and S&P 500...
(ISRG) - Joy Global Inc.Joy GlobalJoy Global Inc. is a Fortune 1000 company with an integral role in the mining industry. It manufactures and services heavy machinery used in underground and surface mining. Its underground mining machinery business operates primarily through subsidiary Joy Mining Machinery, a brand known for its...
(JOYG) - KLA Tencor CorporationKLA TencorKLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related microelectronics industries. These technologies serve the semiconductor, data storage, LED, photovoltaic, and other related nanoelectronics industries...
(KLAC) - Lam Research CorporationLam ResearchLam Research Corporation engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Its products include etch systems, including dielectric etch products, conductor etch products, and resist strip products, as...
(LRCX) - Liberty Media Corporation, Interactive Series ALiberty MediaLiberty Media Corporation is an American media conglomerate and the control is exercised by company Chairman John C. Malone, who owns a majority of the voting shares....
(LINTA) - Life Technologies CorporationLife TechnologiesLife Technologies is a global biotechnology company headquartered in Carlsbad, California. It possesses a portfolio of more than 9 million genetic research assays and custom solutions...
(LIFE) - Linear Technology CorporationLinear TechnologyLinear Technology Corporation designs, manufactures and markets a broad line of standard high performance analog integrated circuits. Applications for the company's products include telecommunications, cellular telephones, networking products, notebook and desktop computers, video/multimedia,...
(LLTC) - Marvell Technology Group, Ltd.Marvell Technology GroupMarvell is an American producer of storage, communications and consumer semiconductor products.Founded in 1995, Marvell Technology Group Ltd. has operations worldwide and approximately 5,700 employees. Marvell’s U.S. operating subsidiary is based in Santa Clara, California and Marvell has...
(MRVL) - Mattel, Inc.MattelMattel, Inc. is the world's largest toy company based on revenue. The products it produces include Fisher Price, Barbie dolls, Hot Wheels and Matchbox toys, Masters of the Universe, American Girl dolls, board games, and, in the early 1980s, video game consoles. The company's name is derived from...
(MAT) - Maxim Integrated ProductsMaxim Integrated ProductsMaxim Integrated Products is a publicly traded company that designs, manufactures, and sells analog and mixed-signal semiconductor products. Maxim develops integrated circuits for the industrial, communications, consumer, and computing markets....
(MXIM) - Microchip Technology IncorporatedMicrochip TechnologyMicrochip Technology is an American manufacturer of microcontroller, memory and analog semiconductors. Its products include microcontrollers , Serial EEPROM devices, Serial SRAM devices, KEELOQ devices, radio frequency devices, thermal, power and battery management analog devices, as well as...
(MCHP) - Micron Technology, Inc.Micron TechnologyMicron Technology, Inc. is an American multinational corporation based in Boise, Idaho, USA, best known for producing many forms of semiconductor devices. This includes DRAM, SDRAM, flash memory, SSD and CMOS image sensing chips. Consumers may be more familiar with its consumer brand Crucial...
(MU) - Microsoft CorporationMicrosoftMicrosoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
(MSFT) - Mylan, Inc. (MYL)
- NetApp, Inc. (NTAP)
- Netflix, Inc.NetflixNetflix, Inc., is an American provider of on-demand internet streaming media in the United States, Canada, and Latin America and flat rate DVD-by-mail in the United States. The company was established in 1997 and is headquartered in Los Gatos, California...
(NFLX) - News CorporationNews CorporationNews Corporation or News Corp. is an American multinational media conglomerate. It is the world's second-largest media conglomerate as of 2011 in terms of revenue, and the world's third largest in entertainment as of 2009, although the BBC remains the world's largest broadcaster...
(NWSA) - NII Holdings, Inc.NII HoldingsNII Holdings Inc. , a publicly held company based in Reston, Va., provides mobile communications for business customers in Latin America. NII, which operates under the Nextel brand, has operations in Argentina, Brazil, Chile, Mexico and Peru and offers fully integrated wireless communications...
(NIHD) - NVIDIA CorporationNVIDIANvidia is an American global technology company based in Santa Clara, California. Nvidia is best known for its graphics processors . Nvidia and chief rival AMD Graphics Techonologies have dominated the high performance GPU market, pushing other manufacturers to smaller, niche roles...
(NVDA) - O'Reilly Automotive, Inc.O'Reilly Auto PartsO'Reilly Auto Parts , originally known as O'Reilly Automotive, Inc., is a publicly traded chain of auto parts stores that started with one store in Springfield, Missouri in 1957. It has since grown to include more than 3,469 stores in 38 states. The corporate headquarters of O'Reilly is located in...
(ORLY) - Oracle CorporationOracle CorporationOracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...
(ORCL) - PACCAR Inc.PACCARPACCAR Inc is the third largest manufacturer of heavy-duty trucks in the world , and has substantial manufacture in light and medium vehicles through its various subsidiaries.-History:...
(PCAR) - Paychex, Inc.PaychexPaychex, Inc. is a payroll and human resource service company which serves approximately 572,000 businesses in the US. The company is headquartered in Penfield, New York and has more than 100 locations across the country...
(PAYX) - Priceline.com, IncorporatedPriceline.comPriceline.com is a company and a commercial website that helps users obtain discount rates for travel-related purchases such as airline tickets and hotel stays. The company is not a direct supplier of these services; instead it facilitates the provision of travel services by its suppliers to its...
(PCLN) - Qiagen N.V.QiagenQiagen is a provider of sample and assay technologies for molecular diagnostics, applied testing, academic and pharmaceutical research. Consolidated under the Dutch holding Qiagen N.V., the company operates more than 30 subsidiaries in over 18 countries. Qiagen’s shares are listed at the...
(QGEN) - QUALCOMM IncorporatedQualcommQualcomm is an American global telecommunication corporation that designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access technology and other technologies. Headquartered in San Diego, CA, USA...
(QCOM) - Research in Motion LimitedResearch In MotionResearch In Motion Limited or RIM is a Canadian multinational telecommunications company headquartered in Waterloo, Ontario, Canada that designs, manufactures and markets wireless solutions for the worldwide mobile communications market...
(RIMM) - Ross Stores Inc. (ROST)
- SanDisk CorporationSanDiskSanDisk Corporation is an American multinational corporation that designs, develops and manufactures data storage solutions in a range of form factors using the flash memory, controller and firmware technologies. It was founded in 1988 by Dr. Eli Harari and Sanjay Mehrotra, non-volatile memory...
(SNDK) - Seagate Technology HoldingsSeagate TechnologySeagate Technology is one of the world's largest manufacturers of hard disk drives. Incorporated in 1978 as Shugart Technology, Seagate is currently incorporated in Dublin, Ireland and has its principal executive offices in Scotts Valley, California, United States.-1970s:On November 1, 1979...
(STX) - Sears Holdings CorporationSears Holdings CorporationSears Holdings Corporation is a retail conglomerate formed in 2005 by the merger of Sears, Roebuck and Co., of Hoffman Estates, Illinois, with Kmart Holdings Corporation, of Troy, Michigan...
(SHLD) - Sigma-Aldrich CorporationSigma-AldrichSigma-Aldrich Corporation , is a life science and high technology company with over 7,600 employees and operations in 40 countries. Its chemical and biochemical products and kits are used in scientific research, biotechnology, pharmaceutical development, the diagnosis of disease, and as key...
(SIAL) - Sirius XM Radio, Inc. (SIRI)
- Staples Inc. (SPLS)
- Starbucks CorporationStarbucksStarbucks Corporation is an international coffee and coffeehouse chain based in Seattle, Washington. Starbucks is the largest coffeehouse company in the world, with 17,009 stores in 55 countries, including over 11,000 in the United States, over 1,000 in Canada, over 700 in the United Kingdom, and...
(SBUX) - Stericycle, IncStericycleStericycle Stericycle specializes in collecting and disposing medical waste, recalled and expired medical products, and infection control management and services...
(SRCL) - Symantec CorporationSymantecSymantec Corporation is the largest maker of security software for computers. The company is headquartered in Mountain View, California, and is a Fortune 500 company and a member of the S&P 500 stock market index.-History:...
(SYMC) - Teva Pharmaceutical Industries Ltd.Teva Pharmaceutical IndustriesTeva Pharmaceutical Industries Ltd. , is an international pharmaceutical company headquartered in Petah Tikva, Israel. It specializes in generic and proprietary pharmaceuticals and active pharmaceutical ingredients...
(TEVA) - Urban Outfitters, Inc.Urban OutfittersUrban Outfitters, Inc. is a publicly traded American company that owns and operates five retail brands: Urban Outfitters, Anthropologie, Free People, Terrain, and BHLDN....
(URBN) - VeriSign, Inc.VeriSignVerisign, Inc. is an American company based in Dulles, Virginia that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the authoritative registry for the .com, .net, and .name generic top-level domains and the .cc and .tv country-code...
(VRSN) - Vertex PharmaceuticalsVertex PharmaceuticalsVertex Pharmaceuticals is a biotechnology company with activities spanning the length of the pharmaceutical product pipeline, from target identification through to clinical trials and marketing. Most of its activity has been in collaboration with much larger pharmaceutical firms, though some of its...
(VRTX) - Virgin Media, Inc.Virgin MediaVirgin Media Inc. is a company which provides fixed and mobile telephone, television and broadband internet services to businesses and consumers in the United Kingdom...
(VMED) - Vodafone Group, plc.VodafoneVodafone Group Plc is a global telecommunications company headquartered in London, United Kingdom. It is the world's largest mobile telecommunications company measured by revenues and the world's second-largest measured by subscribers , with around 341 million proportionate subscribers as of...
(VOD) - Warner Chilcott, Ltd.Warner ChilcottWarner Chilcott is a pharmaceutical company based in Rockaway, New Jersey, USA. It has production and research facilities in Fajardo, Puerto Rico, Larne, Northern Ireland, Dundalk, Ireland and Weiterstadt, Germany. It is primarily focused on two core therapeutic areas: women’s healthcare and...
(WCRX) - Whole Foods Market, Inc.Whole Foods MarketWhole Foods Market is a foods supermarket chain based in Austin, Texas which emphasizes "natural and organic products." The company has been ranked among the most socially responsible businesses and placed third on the U.S...
(WFM) - Wynn Resorts Ltd.Wynn ResortsWynn Resorts Limited is a publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was formed on October 25, 2002 by former Mirage Resorts Chairman and CEO Stephen A...
(WYNN) - Xilinx, Inc.XilinxXilinx, Inc. is a supplier of programmable logic devices. It is known for inventing the field programmable gate array and as the first semiconductor company with a fabless manufacturing model....
(XLNX) - Yahoo! Inc.Yahoo!Yahoo! Inc. is an American multinational internet corporation headquartered in Sunnyvale, California, United States. The company is perhaps best known for its web portal, search engine , Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Groups, Yahoo! Answers, advertising, online mapping ,...
(YHOO)
Changes in 2009
On January 20, News CorporationNews Corporation
News Corporation or News Corp. is an American multinational media conglomerate. It is the world's second-largest media conglomerate as of 2011 in terms of revenue, and the world's third largest in entertainment as of 2009, although the BBC remains the world's largest broadcaster...
was added to the index, replacing Focus Media Holding
Focus Media Holding
Focus Media Holding is a Chinese company which claims to operate the largest out-of-home advertising network in that country, consisting predominantly of digital signage screens, and claims to own the country's largest Internet advertising agency.-History:...
, which did not meet the minimum monthly weight requirements.
On July 17, Cerner Corporation
Cerner
Cerner Corporation is an international health care information technology corporation that specializes in providing complete systems for hospitals and other medical organizations to manage and integrate all electronic medical records, computerized physician order entry , and financial...
replaced Sun Microsystems
Sun Microsystems
Sun Microsystems, Inc. was a company that sold :computers, computer components, :computer software, and :information technology services. Sun was founded on February 24, 1982...
after Sun Microsystems was acquired by Oracle
Oracle Corporation
Oracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...
.
On October 29, Priceline.com
Priceline.com
Priceline.com is a company and a commercial website that helps users obtain discount rates for travel-related purchases such as airline tickets and hotel stays. The company is not a direct supplier of these services; instead it facilitates the provision of travel services by its suppliers to its...
replaced Juniper Networks
Juniper Networks
Juniper Networks is an information technology and computer networking products multinational company, founded in 1996. It is head quartered in Sunnyvale, California, USA. The company designs and sells high-performance Internet Protocol network products and services...
, after Juniper transferred to the NYSE.
On December 11, the NASDAQ announced the annual re-ranking of the index, resulting in 7 new stocks joining the index: Vodafone
Vodafone
Vodafone Group Plc is a global telecommunications company headquartered in London, United Kingdom. It is the world's largest mobile telecommunications company measured by revenues and the world's second-largest measured by subscribers , with around 341 million proportionate subscribers as of...
, Mattel
Mattel
Mattel, Inc. is the world's largest toy company based on revenue. The products it produces include Fisher Price, Barbie dolls, Hot Wheels and Matchbox toys, Masters of the Universe, American Girl dolls, board games, and, in the early 1980s, video game consoles. The company's name is derived from...
, BMC Software
BMC Software
BMC Software, Inc. is a multinational corporation specializing in Business Service Management software, with record annual revenue in fiscal 2009 of $1.87 billion...
, Mylan, Qiagen
Qiagen
Qiagen is a provider of sample and assay technologies for molecular diagnostics, applied testing, academic and pharmaceutical research. Consolidated under the Dutch holding Qiagen N.V., the company operates more than 30 subsidiaries in over 18 countries. Qiagen’s shares are listed at the...
, SanDisk
SanDisk
SanDisk Corporation is an American multinational corporation that designs, develops and manufactures data storage solutions in a range of form factors using the flash memory, controller and firmware technologies. It was founded in 1988 by Dr. Eli Harari and Sanjay Mehrotra, non-volatile memory...
and Virgin Media
Virgin Media
Virgin Media Inc. is a company which provides fixed and mobile telephone, television and broadband internet services to businesses and consumers in the United Kingdom...
.
These stocks replaced Akamai Technologies
Akamai Technologies
Akamai Technologies, Inc. is an Internet content delivery network headquartered in Cambridge, Massachusetts, US.The company was founded in 1998 by then-MIT graduate student Daniel M. Lewin, and MIT Applied Mathematics professor Tom Leighton...
, Hansen Natural, IAC/InterActiveCorp
IAC/InterActiveCorp
InterActiveCorp is an American internet company with over 50 brands across 40 countries headquartered in New York City...
, Liberty Global, Pharmaceutical Product Development
Pharmaceutical Product Development
Pharmaceutical Product Development is a leading global contract research organization providing discovery, development and post-approval services as well as compound partnering programs. The company’s clients and partners include pharmaceutical, biotechnology, medical device, academic and...
, Ryanair
Ryanair
Ryanair is an Irish low-cost airline. Its head office is at Dublin Airport and its primary operational bases at Dublin Airport and London Stansted Airport....
and Steel Dynamics
Steel Dynamics
Steel Dynamics is the fifth largest producer of carbon steel products in United States.Steel Dynamics, Inc. is the USA’s fifth largest producer of carbon steel products with 2010 revenues of $6.3 billion on steel shipments of 5.3 million tons. Based in Fort Wayne, Indiana, SDI employs about 6,100...
on December 21.
Changes in 2010
On December 10, the NASDAQ announced the results of its annual re-ranking of the index. This resulted in 7 new companies joining the index.The companies were F5 Networks
F5 Networks
F5 Networks, Inc. is a networking appliances company. It is headquartered in Seattle, Washington and has development and marketing offices worldwide. It originally manufactured and sold some of the very first load balancing products...
, Akamai Technologies
Akamai Technologies
Akamai Technologies, Inc. is an Internet content delivery network headquartered in Cambridge, Massachusetts, US.The company was founded in 1998 by then-MIT graduate student Daniel M. Lewin, and MIT Applied Mathematics professor Tom Leighton...
, Netflix
Netflix
Netflix, Inc., is an American provider of on-demand internet streaming media in the United States, Canada, and Latin America and flat rate DVD-by-mail in the United States. The company was established in 1997 and is headquartered in Los Gatos, California...
, Micron Technology
Micron Technology
Micron Technology, Inc. is an American multinational corporation based in Boise, Idaho, USA, best known for producing many forms of semiconductor devices. This includes DRAM, SDRAM, flash memory, SSD and CMOS image sensing chips. Consumers may be more familiar with its consumer brand Crucial...
, Whole Foods Market
Whole Foods Market
Whole Foods Market is a foods supermarket chain based in Austin, Texas which emphasizes "natural and organic products." The company has been ranked among the most socially responsible businesses and placed third on the U.S...
, Ctrip.com International
Ctrip
Ctrip is a mainland China-focused travel agency, which runs the eponymous Ctrip.com travel website.-History:Shanghai-based Ctrip was founded by James Liang, Neil Shen, Min Fan, and Ji Qi in 1999...
and Dollar Tree
Dollar Tree
Dollar Tree, Inc. is an American chain of discount variety stores that sells every item for $1.00 or less. A Fortune 500 company, Dollar Tree is headquartered in Chesapeake, Virginia and operates 4,010 stores throughout the 48 contiguous U.S. states. Its stores are supported by a nationwide...
. They replaced Cintas
Cintas
Cintas Corporation , based in Mason, Ohio, is a publicly traded company that operates more than 400 facilities throughout North America. The company provides specialized services to businesses, including the design and manufacturing of corporate identity uniform programs, entrance mats, restroom...
, Dish Network
Dish Network
Dish Network Corporation is the second largest pay TV provider in the United States, providing direct broadcast satellite service—including satellite television, audio programming, and interactive television services—to 14.337 million commercial and residential customers in the United States. Dish...
, Foster Wheeler. Hologic
Hologic
Hologic corporation is a developer, manufacturer and supplier of diagnostic and medical imaging systems related to women's health. It develops digital imaging technology for general radiography and mammography applications...
, J. B. Hunt
J. B. Hunt
J.B. Hunt Transport Services, Inc. is a trucking and transportation company that was founded by Johnnie Bryan Hunt, and based in the Northwest Arkansas city of Lowell. J.B. Hunt Transport Services, Inc. was incorporated in Arkansas on August 10, 1961 and originally started with five trucks and...
, Logitech
Logitech
Logitech International S.A. is a global provider of personal peripherals for computers and other digital platforms headquartered in Romanel-sur-Morges, Switzerland. The company develops and markets products like peripheral devices for PCs, including keyboards, mice, microphones, game controllers...
and Patterson Companies
Patterson Companies
Patterson Companies Inc is a medical supplies conglomerate primarily in the business of veterinary and dental products . Since 2003 it also distributes general medical rehabilitative devices like braces and wheel chairs...
on December 20. These were the only changes made to the index that year and the fewest since 1997.
Changes in 2011
On March 29, Nasdaq announced that Alexion PharmaceuticalsAlexion Pharmaceuticals
Alexion Pharmaceuticals is the original developer and distributor of Soliris, a drug used in treating the ultra-rare disorders Hemolytic-uremic syndrome and Paroxysmal nocturnal hemoglobinuria . In a recent study Soliris was noted for its effectiveness in altering the natural course of PNH...
would replace Genzyme
Genzyme
Genzyme Corporation is a fully owned subsidiary of Sanofi-Aventis. Before its acquisition, Genzyme was an American biotechnology company based in Cambridge, Massachusetts. In 2010, Genzyme was the world’s third-largest biotechnology company, employing more than 11,000 people around the world...
, effective April 4. Genzyme was purchased by Sanofi-Aventis
Sanofi-Aventis
Sanofi S.A. is a multinational pharmaceutical company headquartered in Paris, France, the world's fourth-largest by prescription sales. Sanofi engages in the research and development, manufacturing and marketing of pharmaceutical products for sale principally in the prescription market, but the...
.
On May 20, Green Mountain Coffee Roasters
Green Mountain Coffee Roasters
Green Mountain Coffee Roasters is a publicly-traded brand of coffee based at Waterbury in the U.S. state of Vermont. The brand specializes in organic, fair trade, and specialty gourmet coffees. Keurig is a wholly owned subsidiary of Green Mountain Coffee Roasters, Inc., and sells many of their...
replaced Millicom International Cellular prior to the market opening on May 27. This after Millicom withdrew its NASDAQ listing. .
On July 15, Sirius XM Radio replaced Cephalon
Cephalon
Cephalon, Inc. is a U.S. biopharmaceutical company co-founded in 1987 by Dr. Frank Baldino, Jr., a pharmacologist and former scientist with the DuPont Company, who served as the company's chairman and chief executive officer until his death in December 2010...
in the index. Cephalon was acquired by Teva Pharmaceutical Industries
Teva Pharmaceutical Industries
Teva Pharmaceutical Industries Ltd. , is an international pharmaceutical company headquartered in Petah Tikva, Israel. It specializes in generic and proprietary pharmaceuticals and active pharmaceutical ingredients...
.