Shoes, servers, and the S&P 500.

What, money starts now. Welcome to Motley Full Money. I'm Deedra Willard here with Motley Full analyst

Jason Moser on this sunny Monday. Jason, how are you doing today?

Doing great. How about you?

Doing fantastic and we've got two new entrants to the S&P 500 today.

We've got a super microcomputer which is a maker of high efficiency servers.

I want to start there.

We've talked a lot about this one on the show in previous

episodes because it's run up in the market has been incredible. So thinking

about a company like this with this incredible run, it's's joining the S&P 500 I'm assuming that that you know is it is an impact for

Companies that are investing in the index and things like that. What else does it mean?

Yeah, I mean it definitely means that any funds, any EDFs or whatnot that are tracking

the S&P or that use the S&P as any sort of feeder into how they invest, they're going to be

rebalancing in order to accommodate for the fact that these companies like Super Micro have

entered the S&P.

So I mean in the near term you can see some volatility,

you can see some buying on that end that would push that stock up.

I think longer term, you know, there's a reputational sort of dynamic there. I mean, it's not much, but I mean, it's kind of like, hey, listen, you're at the cool kids table now, right? I mean, I think a lot of people would agree that it's a good thing to be a part of the S&P 500.

It's a benchmark that many investors use to measure how they're performing.

And so I think from that perspective, got to feel really good about being there.

I mean it's one of those things that can result in some near term volatility,

perhaps some near term buying which would push that share price up. It's not something that really

...