Blocks crashing the S&P party? Figma's flashing its S-1, and we're hunting upside

where others flee. Today on Molly Fool Money.

I'm Emily Flippin, and today I'm joined by analyst Sanmiteo and Jason Hall to talk about some quintessential rulebreaking stocks, I think some of which are having better days today than

others. It will also cover the IPO market in its newest entrance, as well as some beaten down

out-of-favor businesses. But first, of course, we have to

talk about Block, who, effective tomorrow, will be replacing Hess and the S&P 500 after its merger

with Chevron. Sunmeat, it is never a bad thing to see a business added to an index. I mean,

it provides some institutional credibility. It forces buying. But is all of that

buying the ad still really work in today's day and age? And if it doesn't, I mean, should we just

not care about this at all? I think buying the ad does help in the short term. And you can get

that short term bounce. But, you know, you should only really care if it's a company you're interested in investing in for the long-term. I'm not very familiar with Block. It's not a company I would buy myself. So while this is great news for Block and, you know, their investors, it's not something I would jump into. I think it can be a bit of a mixed bag. I pulled some data on recent additions to the S&P

this year, and here's what I found. Back on March 7th, S&P Dow Jones indices announced that it was

adding four companies to the S&P 500. Of that four, only shares of William Sonoma actually gained

the day of the announcement, the other three, TKO group,

Expand Energy and DoorDash, their shares all fell. The index was up, too, so it wasn't affected

by what the market was doing that day. Now, here's the thing. The effective date of the change

was March 24th, and that matters because that's when you see institutional investors

and ETFs and other funds that track that

index. That's when they have to add to the index. So what did we see from the date of the

announcement through the 24th when the shares were added? Expand Energy was up 14%. DoorDash was up 11%.

TKO Group up 5%. They were all up. But William Sonoma, that was the big gainer,

if you remember the day of the announced change, actually fell 7%. Now, what happened? It's the only

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