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Robinhood misses out on the S&P 500 yet again, with Trade Desk to soon join the index - MarketWatch

1. Trade Desk will replace Ansys in the S&P 500 index. 2. TTD's stock increased by 14% in extended trading. 3. Market speculation surrounds other potential additions to the S&P 500. 4. Trade Desk has faced challenges with stock performance and competition. 5. Evercore ISI upgraded TTD, citing its consistent performance potential.

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FAQ

Why Bullish?

TTD's addition to the S&P 500 enhances its market visibility and legitimacy, similar to past instances where companies experienced accelerated price increases post-index inclusion.

How important is it?

The S&P 500 inclusion is pivotal for TTD, potentially attracting index-tracking funds and boosting stock demand.

Why Short Term?

The immediate effect of the S&P 500 inclusion is likely to boost TTD shares, typically observed within weeks of similar news.

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