Carvana to joins S&P 500, Strategy buys more bitcoin

Now time for some of today's trending tickers. We are watching new additions to the S&P, strategy and Marvel.

First up, Carvana, CRH and Comfort systems. All those stocks are popping after it was announced they'll be joining the S&P 500.

The inclusion officially goes into effect on December 22nd. The S&P 500 indexes were balanced every quarter with new companies added if they meet certain criteria.

factors include things like market value, profitability, and sector representation.

Next up is strategy, a stock that to some controversially is not going in the S&P 500, at least not right now.

Uh the stock is down at the moment about a quarter percent after the digital asset Treasury company said it bought $963 million worth of Bitcoin.

That is the company's biggest acquisition of the token since July. It comes amid a sell-off in Bitcoin. Strategy's Bitcoin holdings are now worth more than $60 billion total,

but the premium to its holdings continues to narrow. And as a reminder, last week strategy announced a $1.4 billion reserve fund to cover future dividend and interest payments.

And finally Marvel. Those shares are under pressure amid reports that Microsoft will shift its custom chip business to Broadcom from Marvel.

That's according to the information which says Microsoft is in discussions with Broadcom to design future custom chips.

That would be a move away from its alliance with Marvel. The stock was also downgraded at benchmark today. The analyst there says the company has lost Amazon as well as a customer for some of its chips.