The S&P welcomes more Enterprise Tech

EPAM systems joins the S&P 500 Index

EPAM systems (EPAM) will be joining the S&P 500 index on December 14th.

Small announcements like this are worth paying attention to. Why? Well there’s free alpha available when stocks enter the S&P basket. The primary reason is some fund managers are mandated to buy all stocks in the S&P 500. And sell off anything outside of the index. This is one reason why Tesla took off last year.

If you’re not familiar with EPAM, check it out.

This is a well-run enterprise tech services business still led by the founder CEO, Arkadiy Dobkin. The company has a good track record with double digit growth in revenue and profit. Plus they have been growing cash balances simultaneously. Not super cheap but a worthy competitor to Accenture and Cognizant.

Let’s welcome EPAM to the Index by adding it to your watch list.

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