No. of Recommendations: 7
Target, Dollar General and Dollar Tree will move from the consumer discretionary corner of the stock market, and join Walmart as consumer staples companies.
Consumer staples will get bigger; consumer discretionary will get a little smaller.
Visa, Mastercard and Paypal, along with a few other names, will be moved into the financials sector.
As a result, technology will be a little smaller, financials a little bigger.
The net effect: technology's weight in the S&P will drop from roughly 27.7% to 24.5%, while the weighting of financials will expand from 11.5% to 14.2%.
stocks.apple.com: Big changes in the S&P 500 Friday highlight the power of index providers 