DocuSign, MDU Resources Rise on S&P Global Index Changes

52 minutes ago

Shares of DocuSign (DOCU) and MDU Resources Group (MDU) advanced in early trading Tuesday, a day after S&P Global announced changes to its indexes.

DocuSign is set to replace MDU in the S&P MidCap 400 index, while MDU is moving to the S&P SmallCap 600 index, bumping Chuy Holdings (CHUY).

S&P Global explained that the latter decision was based on the fact that Chuy is being purchased by S&P 500 Index member Darden Restaurants (DRI), and that deal is expected to close soon. It added that MDU plans to spin off a company, its Everus Construction Group subsidiary, later this month.

All of the index moves will become effective before the opening of trading on Friday.

Stocks often get a lift or turn lower when S&P Global shifts the membership of its indexes since inclusion exposes them to a wider group of investors who could become aware of a company through an index. They can also be added to various index funds that track stocks that are added to the measures. The opposite is true as well. 

–Bill McColl

Super Micro Computer Levels to Watch as Stock Surges

2 hr 44 min ago

Shares in server maker Super Micro Computer (SMCI) were up 5% in premarket trading Tuesday after surging 16% yesterday. The latest gains come after the company  reported strong shipments of its GPUs, fueled by AI demand.

Super Micro Computer shares formed two troughs at similar levels on the chart last month, raising the possibility of a double bottom, a classic chart pattern that signals a potential bullish reversal.

Investors should watch key overhead price levels on Super Micro's chart around $48, $70, and $97.50, while monitoring important longer-term support near $35.50.

Read the full technical analysis piece here.

–Timothy Smith

Major Indexes Poised to Open Higher Tuesday

3 hr 22 min ago

Futures tied to the Dow Jones Industrial Average were up 0.2%.

S&P 500 futures were up 0.4%.

Nasdaq 100 futures were up 0.5%.

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