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Does the NASDAQ make you cool?

I'm David Brancaccio in Los Angeles. Good morning to you.

Walmart is moving from the New York Stock Exchange to the NASDAQ market.

It's the biggest company to ever make the switch from platforming its stock down on New York's Wall Street to a company with a showroom on New York's Times Square.

The thing is, NASDAQ has a cool kids growth through tech vibe,

and it's where the stocks of Apple, Microsoft, Amazon, and NVIDIA live. To understand this better,

let's bring in Jay Ritter, Professor of Finance at the University of Florida. Good morning.

Good morning. Let's be fair to Walmart here, right? You think of them as a big box retailer, but they have a sizable online presence that is a stiff

competitor for tech company Amazon.

Absolutely.

Indeed, because of the growth in their online business and successful competition against

Amazon, Walmart is now selling at a higher price

earnings ratio than most of the so-called Magnificent Seven. You know, it's a popular way to invest

these days is to buy the whole S&P 500 index. And so if you're in that index, companies stand

to benefit just by virtue of that inclusion. Is there a kind of

bump that Walmart might get for being included on the NASDAQ market, which is not an index in

itself? By moving to NASDAQ, Walmart is able to be not only in the S&P 500 index, but also in

NASDAQQQ index for the 100 largest

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