Here's a Much Better Nasdaq-100 Stock to Buy Right Now Than SpaceX

Published July 5, 2026 · Category: Finance

Overview

Space Exploration Technologies (NASDAQ: SPCX) is set to be incorporated into the Nasdaq-100 index after the market closes on July 6. The Nasdaq-100 consists of the 100 largest non-financial companies by measure of market capitalization, and inclusion in the index can have a meaningfully positive impact on a company's stock price.

Because funds that track the Nasdaq-100 need to purchase shares of SpaceX to accurately reflect the index's composition, there could be a significant near-term uptick in demand for the stock as a result of the index rebalancing. While its upcoming inclusion in the Nasdaq-100 could be a significant positive catalyst for SpaceX stock, I think there's a company already included in the index that stands out as a much better buying opportunity right now.

Image source: Getty Images.

Details

Continue reading

Source

Originally published at www.fool.com.

Related Articles

• Is Micron Technology Stock Going to $1,500? The Bull Case Is Stronger Than You Think.
• What Does Retirement Look Like With $600,000 in Savings?
• OPEC+ raises output levels again despite tumbling crude prices